Insurance covering a business interruption provides the protection necessary for a business to recover after a disaster and resume operations after an extended period of commercial interruption that is caused by a loss that is covered.  While the different forms of coverage that is offered by an insurance company's business interruption insurance policy may vary significantly among the different various forms available, it is essential that an insurance policy expert investigate and inspect any underpayments, denials or disputes that your insurance company may respond with to your claim.  

Business Interruption Insurance is an insurance provision that allows for financial recovery as a result of a covered loss through a variety of different manners.  Covered losses may include the inaccessibility of your business to customers or vendors or simply because of the loss of a supplier critically relied upon for essential materials or depended upon customer have suffered serious damage. The issue to inspect then is if these losses are covered, which depends on a variety of things. Many owners of businesses often don't realize or understand that a business income loss or a consequential loss are not covered by a policy covering property damage or a direct loss except when their policy specifically says so or provides recourse for such damages.  The Berniard Law Firm specializes in examining insurance provisions and can help in evaluating your coverage to make sure that you receive the coverage you should receive in your insurance policy and claim. 

By working closely through direct interaction with knowledgeable accountants and our own hired experts, including, but not limited to, forensic accountants, the Berniard Law Firm will complete and present your claim for lost business income to your insurance company and the court. Our firm's experience in effectively representing numerous clientele with their claims against their insurer has given our attorneys a wide and in-depth base of necessary knowledge and essential expertise necessarily to effectively protect your rights in court.

When dealing with a dispute relating to business interruptions, issues often pop up regarding “waiting periods” and the “extended period of indemnity.”  Waiting periods relate to the losses suffered during the sequence of time that comes after an event that won't be covered by your policy. More simply, a waiting period is a stretch of time in which losses are seen to be "acceptable" and not protected by the insurance policy. Insurance companies often try to elongate the “waiting period” beyond an understandable or acceptable period of time to limit their losses and prevent claims from going through.  The “extended period of indemnity” is almost the exact opposite and relates to receiving financial recovery for the insured for lost business damages over a course of time when the business is even open.  This difficult language and policy length shows that there is a very intricate and difficult process to claim damages from your insurance company through. Under policy provisions, your insurer should be liable to for losses after your company closes but also after your business opens because, as a result of the disaster, the customers you rely upon are not back and your revenues still have not recovered.  Insurance companies often take advantage of this vagueness of time periods and attempt to limit payments over the course of your policy's period of financial indemnity. In attempting to argue that your current or past business revenue is at the same level to the revenue before the calamity, the insurance companies will improperly value time periods that are not parallel to your true, successful past business strength.

Other terms necessary to understand to better construct your business interruption recovery claim:

"Contingent Business Interruption" coverage relates to those losses incurred by the loss or damage to the property that keeps suppliers from supplying necessary provisions and/or proper services to your business, or which keeps customers from receiving your products and/or services.

"Services Interruption/Off Premises Power" coverage relates to those losses that were suffered from a loss or damage to the property of an essential provider of services that include electrical equipment and systems, energy or fuel, water, natural and oil-based gas, animal feed, pulp, other liquid gases, sewage services, necessary steam, telephone services, fiber optic cable provisions, telecommunications, proper heating, cooler refrigeration, functioning air conditioning systems, or capable utility plants.

"Interruption by Civil or Military Authority" coverage losses are those damages, as a result of loss, damage, or other event, that are directly suffered by the limited access to your property caused by restrictive order or a civil or military action.

"Ingress/Egress" coverage losses come about as a result of damage, loss, etc., when entry to or exit from your commercial property is restricted.

If any of these services are needed for your company, call and speak with a Berniard Law Firm Attorney now

To speak with an attorney from the Berniard Law Firm about your Homeowner's property loss dispute call toll free 1-866-574-8005. For your convenience, you may also fill out the contact form on this site and an attorney from the Berniard Law Firm will contact you in the next four hours during normal working hours. So as to guarantee your satisfaction, your first consultations is free and any future litigation will be handled on a step-by-step basis. Our policy means no costs will be charged except if a successful trial or settlement in court is awarded to you. Call today to have an attorney from the Berniard Law Firm will begin work immediately on your case and make sure that you receive the financial agreement you deserve.

Available Specialist Consultation and Co-Counsel Services

The Berniard Law Firm, to help you get the settlement you deserve, will assume the necessary representation needed to assist in your struggle against your insurance company. With experience in the roles of lead counsel, collaborating as co-counsel, consultant or even through expert assistance, the Berniard Law Firm is fully and competently capable to work hard on your case. The firm's attorneys have, in the past, worked capably with all types of experts including corporate-hired risk managers, corporate counsel, corporations, public insurance adjusters, contractors and other specialists at all different points of the claims process. Whether during the adjustment phase of a claim, investigations into your claim's details, legal proceedings and any other stage or phase in the process of a claim, our attorneys and experts are willing to dig into your case and help resolve disputes regarding coverage the way you deserve. For more information regarding our services, call and speak with a Berniard Law Firm attorney today. Thank you for looking into our firm for your legal needs and we hope to work with you in the future in order to get the payment your premiums guaranteed to pay for.