Business Interruption Attorneys in Annapolis, MD
As a smart business owner, you have likely safeguarded your operations with various insurance policies to protect against risks. One of the most important coverages is business interruption insurance, which offers financial support should something interrupt your company's essential operations.
But what happens when you file a claim, and your insurance company denies it? Or what if you are facing delays and complications in receiving the compensation you deserve? Having a seasoned attorney on your side can make all the difference in these situations.
At Hartman - Attorneys at Law, we have extensive experience handling business interruption cases. You can count on our lawyers to work tirelessly to navigate your insurance challenges and secure an optimal outcome. Thousands throughout Anne Arundel County and other areas in Maryland have partnered with us for their business's legal needs. We welcome you to do the same.
Request a complimentary consultation with one of our Annapolis business interruption lawyers to discuss your situation. Call (443) 335-9661 or connect with us via our online contact form.
Defining a Business Interruption Claim
If your company has suffered financial losses because of an unexpected event that impacts your workforce, equipment, building, or other crucial parts of your business, you may be able to make a business interruption claim. Many commercial insurance providers offer coverage for disruptive events, such as natural disasters, fire damage, cyber-attacks, and other unforeseen occurrences.
The type of coverage you have will depend on your specific policy and the extent of your losses. Generally, business interruption insurance can cover lost income, fixed expenses (e.g., rent or mortgage payments), and additional costs associated with getting your company back up and running. However, not every insurer interprets these policies the same way.
Common Challenges with Business Interruption Claims
Unfortunately, many businesses must overcome numerous challenges when filing a business interruption claim.
These include the following:
- Coverage disputes: Insurance companies may argue that an event is not covered under the policy and/or the losses are not substantial enough to necessitate compensation.
- Insufficient documentation: As a policyholder, you must provide sufficient proof of the interruption and its resulting losses. Failure to properly do so could cause an insurance company to reject or delay a claim.
- Policy exclusions: Some policies have exclusions for specific events, such as pandemics or government-mandated closures (this is something we saw often in the aftermath of the COVID-19 pandemic). In such cases, securing compensation can be difficult.
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Why Work with Us?
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From litigation to negotiations, our attorneys provide diligent representation, focused on achieving practical solutions for your peace of mind.
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A Legacy of AdvocacySince 1931, we’ve built lasting relationships by putting our clients’ interests first. Our long-standing history reflects our dedication to reliable, results-driven legal counsel.
What to Do After a Business Interruption Claim Denial
Whether your business interruption claim has been outright denied or your insurance provider is dragging its feet, it is important to know that you have options for recourse.
Here are some steps you can take if your business interruption claim is denied or delayed:
- Read the policy carefully: Make sure you understand the terms of your policy and what events are covered. This is an essential starting point in determining if you have a valid claim.
- Collect evidence: Gather all relevant documents, including financial records, receipts, and any other documentation that supports your interruption and losses. This evidence will likely be foundational for your case.
- Consult a legal professional: Having a knowledgeable attorney review your policy, interpret the legal language, and guide you through the claims process is crucial. Your attorney can also represent you in negotiations or litigation if necessary.
- Negotiate with your insurer: Settling a claim dispute without going to court may be possible through negotiations, mediation, or arbitration. This is another reason retaining a lawyer can be beneficial, as they can advocate for your interests in these settings.
- File an appeal or lawsuit: If all other options have been exhausted, you may want to file an appeal or take legal action against your insurance provider. An attorney can help you determine the best course of action for your situation.
Call Us for Guidance Backed by Decades of Experience
For over 90 years, Hartman - Attorneys at Law has been a staple in Anne Arundel County. We owe our longstanding success and impeccable reputation to our commitment to doing what is best for the locals who trust us.
If you are concerned about a business interruption claim, let our experienced team be your guide. We can thoroughly review your policy and correspondence with your provider and then advise on how you ought to proceed. Although we cannot promise any certain outcome, we can assure you that your needs, goals, and concerns will be paramount to us.
Let us know how we can help you today. Call (443) 335-9661 or reach out online to schedule a complimentary consultation with one of our Annapolis business interruption lawyers.