Business Interruption Lawyer

Has a disaster struck your business or otherwise caused your business to lose revenue? If you paid an added premium to protect your business’s bottom line when a disaster strikes through a business income and interruption endorsement, your insurance company should cover that lost income. Business interruption insurance is intended to return your business to the same position it was in prior to the disaster.

Williams Hart has the necessary expertise to assist your business recover what it is owed under a business interruption policy. Williams Hart lawyers understand how to analyze and present the data contained in your financial statements to your insurance company to prove your lost income. Williams Hart also works with you to mitigate your losses while the dispute process is handled to avoid a common insurance company argument—that the business failed to take the proper steps after the disaster to prevent its losses. If you would like to discuss your claim, please call (713) 352-0031.

Enforcing Your Policy

Frequently, the most challenging component of making an effective business interruption claim is the vast amount of paperwork and documentation that is required at a time when your records are at their most disorganized and scattered. To make this process go as smoothly as possible, our attorneys can help you with the following:

  • Gathering and verifying documentation
  • Assessing any loss of rental income
  • Documenting all other expenses relevant to the loss
  • Providing accurate financial projections for the period during which operations are suspended

Business Interruption FAQs

Is there a cap on how much money I can receive from a business interruption claim?

Yes, generally, it is common for an insurance company to have a limit on how much they will reimburse a business per incident. If your business has high net profits, they may not reimburse you the amount you need to cover your losses. It is common for policies to have a limit of around $30,000 per incident. If your business has been interrupted by a disaster, you are experiencing a loss of profits, and you are trying to recover damages from your business interruption insurance, contact the attorneys at Williams Hart. We are prepared to fight for your business to get the compensation you need.

How can I make sure that my business receives the amount of profit compensation necessary to cover our losses?

When an insurance company is evaluating your business and profits, they will look at documentation of your past profits. If your company is growing and expanding, make sure you are adequately documenting the increasing income. This documentation will show that your profits are growing and that you should be entitled to more compensation to cover the higher profits you would have had if your business were in operation. You do not want your insurer to limit your coverage to the amount of your profits from last year. If you feel that you are not being adequately compensated for your loss of income, contact the attorneys at Williams Hart.

What do I need to consider when calculating my coverage?

When you are trying to figure out how much coverage you should acquire, take into account all costs that you will continue to pay even though your business is not in operation. Loan payments, lease payments, utilities, and payroll may still be due even though you are not gaining income. Your business interruption insurance should cover these payments. If your insurer is fighting you on covering these payments, contact us by calling (713) 352-0031. We want to help you get all of the compensation you need.

Contact Us

Williams Hart has represented thousands of businesses since our firm opened in 1983. We understand that in business, time is money. Big insurance companies have the luxury of dragging this process out, because it is not their bottom line that is at stake. You need a law firm that has the necessary resources to take the fight to the insurance companies quickly and aggressively. Williams Hart is that firm. Call us at (713) 352-0031 to discuss your claim.

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