Businesses across the country are clamoring to recover business losses due to COVID-19, and many of these entities are relying on insurance policies that had promised to pay out monies in the event that an insured business suffered losses. In a landmark case, a court found in favor of a Missouri business which claimed that COVID-19, present on business premises surfaces, lead to a physical change of the business which then caused losses due to the closure of the premises on account of the virus.
Are you looking for a COVID-19 business losses attorney? If your businesses suffered loss of profits due to being forced to close down on account of the pandemic, you may be able to collect compensation as long as we, your COVID-19 lawsuit attorneys, can show that the virus physically altered your business premises, leading to loss of business profits. Please call our coronavirus business losses attorneys NOW at (773) 673-9861 for your FREE consultation into your legal options for compensation.
Missouri Court Finds in Favor of Plaintiff Over COVID-19 Losses
A Missouri federal court last year rejected claims by an insurance company that the presence of a virus within a business premise doesn’t constitute damage to property or physical loss. The court subsequently denied the insurer’s motion to dismiss, creating a precedent for similar claims to recover in the future.
Does My Insurance Policy Cover COVID-19 Losses?
Many insurers are claiming that their policies do not cover viruses and that coronavirus does not cause permanent, tangible or physical alterations to property, thereby making claims invalid in their eyes. However, a Cincinnati court decided to broaden the definition of language, and chose to focus on the term “physical loss” on its own, which was seen to be broad enough to be able to include business losses due to a natural phenomenon such as COVID-19.
Texas Court Uphold Insurer’s COVID-19 Claim
However, a Texas court found in favor of the insurance company in Diesel Barbershop LLC v. State Farm Lloyds, dismissing a claim by barbershops in the state over losses incurred by the coronavirus, stating that there was no “distinct, demonstrable physical alteration of property” by the virus.
How To File a COVID-19 Losses Legal Claim
In order to have a successful COVID-19 business losses claim, it is important that you show that the virus is a physical substance and that it made physical changes to your premises, rendering it unusable or uninhabitable for its intended purpose, thereby causing losses. In short, there must be a demonstrable and direct causative effect between COVID-19 and your business losses.
COVID-19 Business Losses Attorneys – Call Us NOW!
Need to talk to an attorney regarding business losses due to COVID-19 lawsuits? Please give us a call NOW at (773) 673-9861 to learn more about your legal options. Thanks, and we look forward to hearing from you.