Bad Faith Insurance Claims Related to Natural Disasters and Coronavirus
Running a business requires more than keeping track of daily operations when the marketplace is operating properly. Businesses and owners may try to protect themselves from disasters, pandemics (like coronavirus) and an unstable marketplace with insurance coverage. Business and property insurance policies are generally intended to protect against many forms of losses, as specified in the individual policy that an entity has purchased.
Unfortunately, insurance companies do not always want to pay for losses that a business has suffered. The insurance providers are often more concerned about their own bottom lines and look for ways to avoid paying for losses that should be covered under a policy. In some instances, insurance agents are not as forthcoming as they should be in advising their clients about potential losses that may not be covered, or that may be excluded, leaving business entities without coverage for items that the business owner believed was a protected interest.
Pandemics, Coronavirus and Natural Disasters
At Umina Legal, our trial lawyers stand strong to fight when insurance companies drop the ball. We take the time to analyze every detail in an insurance policy – line by line – to help businesses that have suffered losses due to a wide range of “natural disasters or events” that should be covered by insurance. Possible events that may trigger a bad faith insurance claim include:
- Floods, natural disasters and other so-called “Acts of God”
- Pandemics, such as COVID-19 – also known as the coronavirus outbreak
- Business interruptions related to breaks in the supply-chain
- Errors and omissions related to insurance agents not properly advising the business in aspects of the policy and insurance coverage
Our lawyers are prepared to review the line items throughout your policy, as well as the facts and circumstances surrounding your relationship with the insurance company to determine whether you are being treated fairly. Insurance companies have a duty to act in good faith. The matters are complex, and the issues require detailed legal analysis.
Property Damage, Business Interruption, General Liability and the Coronavirus Outbreak
Business insurance policies have many aspects. Our lawyers dig deep to determine every applicable line item that may apply to specific losses. For instance, business interruptions due to pandemics, such as the coronavirus, may be related to breaks in the supply chain, social distancing or stay-at-home orders, as well as other sources of business interruption due to the outbreak.
Similarly, most business owners understand property damage related to a natural disaster, vandalism or theft. Our attorneys can evaluate the facts, circumstances and policy language to determine whether a pandemic, such as COVID-19, constitutes “property damage” under the terms of an insurance policy. In some instances, general liability coverage may apply to business losses related to this type of occurrence.
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To speak with a member of our team, please call our office at 866-409-6185 or send us an online contact request. We will get back to you as promptly as possible.