Business Interruption Lawyers in St. Louis and Belleville

Help for Illinois and Missouri Businesses in Their Fight Against COVID-19 and Insurance Claim Denials

You’ve been a model client for your insurance company. You’ve paid your premiums on time and made the commitment to protect the safety of your employees and customers. Now, when you need your insurer most, they’ve turned their back on you, leaving your business to struggle while their profits skyrocket.

As companies across St. Louis and the Metro East temporarily shut their doors due to the COVID-19 crisis, they discovered the business interruption insurance claims they were depending on to cover payroll and business expenses were denied. Whether their policy’s language was ambiguous regarding pandemic-related loss or their insurer neglected to inform them of a virus exclusion when they purchased their plan, the shock of denial was one more financial hit they never expected.

If coronavirus has impacted your company in Illinois or Missouri and your insurer refuses to pay your business interruption insurance coverage, contact Cueto Law in Belleville at 618-277-1554. Our business interruption attorneys can determine if your policy should cover your losses and what you can do to recoup the payouts you’re due. And because we understand the financial strain your business is currently under, you won’t pay unless your case is settled or won.

Business Interruption Insurance (BII) – Is Your Business Covered?

Most insurance companies wrap business interruption insurance into a policy package to help companies replace a portion of income lost to a natural disaster, fire, flooding, crime, or equipment failure until they can get back up and running. In some policies, government-mandated closures for infrastructure repairs or in the light of civil unrest may be included as well. Business owners can use payouts from a business interruption claim to cover a number of expenses, including:

  • Employee salaries and benefits
  • Taxes
  • Loan payments
  • Relocation costs
  • Lost profits

In March 2020, as COVID-19 swept through the U.S., the vagueness in business interruption insurance policies regarding pandemic coverage began to emerge. While some insurance companies added viral exemptions to their policies following recent SARS and MERS outbreaks without informing their clients, others stand by their assertion that if no physical loss occurred directly from coronavirus contamination, no claim could be made. A number of insurers are attempting to skirt their responsibilities because their policies do not specifically mention coverage of communicable diseases or pandemics, or they refuse to pay because an act of civil authority was not related to physical damage to the insured’s property or a neighboring property.

Because of the global reach of coronavirus and the number of businesses affected, insurance companies are taking any means necessary to avoid their commitment to their customers. While both individual states and the federal government are considering bills to require carriers to assist small businesses, right now most people are left to fight on their own.

What to Do if Your Business Interruption Insurance Claim is Denied

For business owners without legal representation, navigating these gray areas can cost them time and money they don’t have as they struggle to rebuild their companies. The business interruption insurance attorneys at Cueto Law can assist you with every step of your insurance claim to protect your bottom line during the COVID-19 pandemic. At Cueto, we will:

  • Review your current business interruption insurance policy to fully gauge your coverage in regards to infectious diseases and acts of civil authority
  • Calculate your losses and identify which fall under your policy coverage
  • Determine the documentation you need to file your claim
  • Negotiate with your insurance company and their adjuster to secure fair compensation for your business
  • If needed, file a business interruption claim denial lawsuit on your behalf

With financial losses caused by COVID-19 climbing by the day and time restrictions on filing an insurance claim looming, it’s critical that you contact a St. Louis business interruption lawyer today to lessen the impact of the pandemic on your company. Contact the team at Cueto Law in Belleville today at 618-277-1554 for your free, no-obligation consultation.

In the news

“About one-third of U.S. businesses have “business interruption” insurance, which is intended to cover losses from an event that forces companies to suspend or stop operations.”

The Washington Post

“By April 16, 2020, small businesses have lost up to $431 billion in income each month since the COVID-19 outbreak began.”

Chicago Tribune