Insurance Dispute Attorneys Obtaining Full Payment for Business Interruption Claims in Louisville
Helping Kentucky’s entrepreneurs get back to business
Business interruption insurance covers those unexpected occurrences when you are unable to operate your business because of property damage or loss. Having business interruption insurance can save your business after a disaster. At McWherter Scott Bobbitt, our goal is to get you back to work. Our insurance dispute attorneys are here to step into the fray and deal with the insurance company on your behalf.
What is business interruption insurance?
Business interruption insurance is an option that can be added to some commercial property insurance policies, which provides coverage for the loss of income in the event of a disaster. Prudent business owners know that the same fire, wind or water damage that could ruin their building will also keep them from being able to serve their customers and run their company.
Business interruption insurance will compensate you for lost income when you have to leave your building that is covered under your property insurance because of some kind of disaster. It covers the revenue you were unable to earn because of the disaster.
What types of losses does business interruption insurance cover?
We’ll use a fire as an example of a disaster that might strike a business. Whether the building burns to the grounds, or simply sustains irreparable fire, soot, smoke and ash damage (plus water damage from efforts to put the fire out), you stand to lose your contents, your structure, and your time. Business interruption insurance would cover lost income from the destroyed products, and for additional expenses of running the business if you must move to another location temporarily while the building undergoes repairs. It can cover things such as:
- Lost revenue
- Rent or lease payments
- Employee pay
- Taxes
- Loan payments
- Relocation expenses
If you have business interruption insurance, it is vital that you review the policy documents (read the fine print). In many business interruption insurance policies there will be stipulations such as:
- The waiting period, which can be anywhere from 48 to 72 hours before benefits are payable
- Document proof of loss
Companies offering business interruption insurance in Kentucky
The following are just a few of the companies that serve Kentucky with business interruption insurance:
- Farmers
- The Hartford
- Kentucky Farm Bureau
- Progressive
- KESA
- Safeco Insurance
- AAA
- Kentucky Employers' Mutual Insurance
Trusted insurance dispute attorneys who are here to fight for you
We are here to protect your interests and to make sure that you can recover the proceeds from the policy you have been paying on for years. We are here to hold the insurance company accountable to uphold their end of the contract and pay you what is due to you in a timely manner.
When you work with an experienced insurance dispute attorney in filing your claim for business interruption coverage in Louisville, it can circumvent a lot of confusion and help ensure the prompt payment of your claim. We know precisely the kind of documentation the insurance company wants to see, and we have access to professionals who specialize in helping you to gather the required documentation. If any difficulties arise with the insurance company, we are here to protect your interests and make sure that you can recover what is due to you.
Schedule a consultation with a tenacious insurance dispute lawyer right away
McWherter Scott Bobbitt is proud to represent policyholders in Louisville and throughout Kentucky. If your insurance company has denied your business interruption claim, we want to help. You can schedule a consultation with an experienced insurance dispute lawyer like Clint Scott (licensed in Kentucky), Brandon McWherter (not licensed in Kentucky), or Jonathan Bobbitt (not licensed in Kentucky) by calling 731-664-1340 or by filling out our contact form.