Coronavirus Lawyer Deerfield Beach: Business Interruption Coverage
Because of the COVID-19 pandemic, we are witnessing unprecedented business disruptions all over the world. It is vital for business owners to know how their insurance policies may respond to potential losses. It is important that they have a conversation with a Coronavirus Lawyer Deerfield Beach to learn if they are covered well by their insurance.
Many insurers’ property policies include business interruption or business income either as a coverage within the form. A business interruption clause or endorsement is designed to protect the insured for losses of business income it sustains as a result of direct physical loss, damage, or destruction to insured property by a covered peril. Although the contents of individual policies and endorsements may vary slightly, many use relatively consistent language to describe business interruption coverage. To better understand this coverage and how it might respond to potential losses, it is important to talk to a Coronavirus Lawyer Deerfield Beach immediately.