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Does Business Interruption Insurance Cover COVID-19?

Anastopoulo Law Firm

Does Business Interruption Insurance Cover COVID-19?

Have you checked your business interruption insurance coverage for the COVID-19 crisis? If your business has been negatively impacted by the virus pandemic - and a large number of South Carolina companies have been hit hard - read on to see what the Anastopoulo Law Firm can do to help you.

Whether you are suffering from lost customers, mandatory closure orders or supply chain management delays or shutdowns, your business insurance should kick in to help you get through this difficult time.

According to Risk and Insurance, business insurance policies include property damage coverage, as well as the lost profits from property damage. If the COVID-19 virus is present in your company building or other property, as a harmful substance this could be property damage.

How Business Interruption Insurance Could Cover You

Your business could also suffer a contingent business loss - if a supplier is damaged due to the pandemic, this is a contingent business loss that you may be covered for.

Alternatively, if a business property near you that normally sends customers to you closes, your business will also suffer, and this is called "leader property." business interruption insurance representation

America has not dealt with a virus crisis like this since the Spanish Flu epidemic in 1918. Many things have changed since the early 1900’s, so relying on what was done then may not be applicable now, but business insurance coverage has changed since then.

Insurance claims adjusters are rightfully busy during this crisis, and may not be able to help you, as a business owner, to thoroughly understand what compensation you are entitled to for your business losses.

What Businesses Are Allowed To Operate In South Carolina During The COVID-19 Crisis?

South Carolina Governor Henry McMaster issued a state executive order that outlines which businesses must remain closed during the COVID-19 crisis. He terms these “non-essential,” and they include, but are not limited to:

  • Massage therapy services
  • Beauty salons
  • Nail salons
  • Fitness facilities
  • Barber shops
  • Tanning salons
  • Bingo halls
  • Event venues – music, art, movies, theater, etc.
  • Nightclubs
  • Bowling alleys

If you run a business like the ones described above, your livelihood is threatened. If you are confused about the coverage you have in your business insurance policy, the Anastopoulo Law Firm is ready to review your policy and explain what you’re entitled to and help you get the compensation you need to survive this pandemic.

If you have already filed a claim with your business insurance provider and have been denied, we can take on your insurer and fight for what you paid for. Call us now at (800) 313-2546 to get started.

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North Charleston, SC

2170 Ashley Phosphate Rd, 3rd Floor
North Charleston, SC 29406
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Phone: (843) 202-4511

Charleston, SC

32 Ann Street
Charleston, SC 29403
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Phone: (843) 202-4357

Columbia, SC

1201 Main Street Ste. 1100
Columbia, SC 29201
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Phone: (803) 205-2595

Myrtle Beach, SC

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Myrtle Beach, SC 29577
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Phone: (843) 202-4776

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150 W. Evans Street
Florence, SC 29501
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Phone: (843) 202-4791

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418 River Street
Greenville, SC 29601
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Phone: (864) 207-4042

Wilmington, NC

1213 Culbreth Drive
Wilmington, NC 28405
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Phone: (910) 294-3242