Practice Areas
Business Interruption
When your business operation experiences disruption due to unexpected events like natural disasters or fires, you can file a claim with your business interruption insurance. This usually covers expenses like lost revenue, operating costs, and other additional expenses used to continue the operations during the recovery period. However, calculating the losses can be complex and subjective. Consult with Barcus Arenas for legal assistance to help business owners like you properly assess your business interruption insurance the coverage and manage claims to ensure a fast and smooth recovery process.
F.A.Q.s
Business interruption insurance is designed to provide financial support to businesses when they face unexpected disruptions that impact their operations. It covers costs and losses incurred during the period when a business cannot operate normally due to events like disasters, fires, and others.
It usually covers lost revenue, ongoing expenses (such as rent, utilities, and employee salaries), and additional costs required to keep the business running while recovering from the interruption. The business interruption insurance coverage can vary based on the policy terms and the specific circumstances of the interruption.
The insurance company will assess the financial records of your business before and after the interruption to determine the extent of the loss. Factors such as historical financial data, sales projections, and industry trends are considered.
The claims process for business interruption insurance can be intricate and challenging. Barcus Arenas provides the expertise needed to accurately assess losses, negotiate with the insurance company, and ensure you receive the appropriate compensation. Our goal is to help you recover and get back on track smoothly.
