SW Michigan!

Click to set up a FREE
legal consultation today.

COVID-19 and Business Income Loss Claims with Insurance Companies

Closed Sign

Is your business losing income due to coronavirus? We may be able to help.

To combat the spread of COVID-19 in Michigan, Governor Gretchen Whitmer entered an executive order requiring Michigan businesses to temporarily suspend in-person operations that are not necessary to sustain or protect life. Designated as the “Stay Home, Stay Safe” executive order, most Michigan residents are staying home except for travel necessary for health and safety, such as grocery and pharmacy needs. Restaurants are limited to take out and delivery sales, retail stores are closed, and many small businesses are unable to work remotely. Businesses nationwide will lose billions of dollars and millions of jobs will be lost. Small businesses are at risk of never reopening.

While the federal and state government is attempting to assist businesses to keep them open after the shutdown ends, it may not be enough and it may be delayed. At the same time, many commercial property insurance policies have coverage for losses due to business interruption, the inability to operate due to civil authority (government directives to close), and for property damage due to contamination. If you are a business owner impacted by the COVID-19 shutdown, it’s time to pull out your commercial property insurance policy and get an evaluation of your coverage.

Insurance policies are complicated contracts and insurance companies are denying these business income loss claims across the board. But there are arguments for why the insurance companies should be paying their insureds for some losses.

Contact Conybeare Law Office to review your commercial property insurance policy and evaluate your potential insurance claim due to the COVID-19 shutdown.