WHAT IS BUSINESS INTERRUPTION INSURANCE? Source: Gersowitz Libo & Korek, P.C
Business interruption insurance is a type of policy that protects the insured from losses during a damaging event. However, when it comes time to open a claim, the process of doing so is often complicated and stressful. Additionally, insurance companies will always attempt to minimize the value of any claim, which means that proper documentation of your losses should always be a priority. Loss of business is becoming a significant concern for everyone due to the COVID-19 pandemic. Few insurance policies have outlined specific coverage for the outbreak of this disease and for the rapid effects that it brought. Given the unprecedented circumstances, most current policies only include vague language or no language at all, which is why having an experienced attorney helping you can be beneficial in ensuring that your insurance policy reimburses your losses adequately
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