Waco Business Interruption Attorneys
Fighting Insurance Bad Faith
Your business is an extremely valuable aspect of your life, most likely in more ways than one. Besides providing you, your family, and your employees a livable income, your business may be a passion project that brings you joy and meaning. This is why business interruption insurance is vital—if your business is forced to close due to circumstances outside of your control, you need to know that it is protected.
However, when the time comes, your insurance company may try to convince you that your policy doesn’t cover the disaster your business is faced with. What to do in this situation? Contact the legal team at the Law Offices of Vic Feazell, P.C. in Waco. Our experienced and aggressive business interruption attorneys will stand up the insurance company on your behalf, and make sure they don’t get away with bad faith.
Ready to fight back? Contact the Law Offices of Vic Feazell, P.C. today.
How Business Interruption Insurance Works
Business interruption insurance is designed to compensate you for lost income if your company is forced to temporarily close due to disaster-related damage. Business interruption insurance covers any revenue that you would have earned had the disaster not occurred as well as operating expenses like rent that remain even though business has come to a temporary halt.
Your company should be covered if you were forced to halt business operations because of one of the following:
- Criminal activities, such as arson or burglary
- Natural disasters, such as a hurricane, flood, or tornado
- Structural damage, such as a burst pipe that destroyed your property and/or products
- Government action, such as an executive order that forces businesses to close
Does COVID-19 Qualify My Business for Insurance?
Whether or not your coronavirus (COVID-19) claim will be covered depends on your policy. Most business interruption insurance policies offer coverage during a closure caused or enforced by a state or federal order. Because the U.S. and Texas governments have enforced sheltering in place and social distancing, your insurance provider should respect your business interruption claim if you cite COVID-19.
From another angle, COVID-19 has contaminated the surfaces and products of businesses nationwide, which may qualify as structural damage. To be safe to the public upon reopening, businesses must thoroughly sanitize surfaces and replace contaminated items—processes that require significant time and money. Therefore, it seems reasonable to file for business interruption claim coverage for the damage that the virus has caused.
However, many reputable claims are still being denied by insurers around the country. If you believe your insurance company has acted in bad faith by denying your COVID-19 claim, we may be able to help.
Why Hire Law Offices of Vic Feazell, P.C.
Whatever your situation, our team of experienced and knowledgeable business interruption lawyers in Waco provides aggressive and thorough representation to business owners across Texas. Our goal is ensuring you receive the full and fair compensation you deserve.
Our firm has a long history of attaining large settlement for our clients and has been recognized by reputable lawyer ranking organizations like Super Lawyers® for our success. We handle cases on a contingency fee basis, so you don’t owe us anything unless we win your case.
To fight for the benefits you paid for, contact Law Offices of Vic Feazell, P.C.today. Call us at (254) 938-6885 or write to us online to schedule your free consultation and begin discussing your case.