Our Business Interruption Litigation & Trial Lawyers have experience in helping business owners receive the compensation they deserve.
Business Interruption Claims
Extended business interruption and contingent business interruption are riders beyond basic business interruption insurance coverage. Business interruption insurance is intended to permit a business to return to normal operation after disaster strikes as though the disaster had never occurred. Business interruption insurance is sold only as an addition to a property insurance policy.
Standard time provisions on business interruption coverage are defined by the starting date of the peril, during repair, and through the restored condition of the loss.
When you need to file a business interruption claim, you will need to supply supporting documents. These documents include business revenue reporting, expense reporting, business history details, number of employees, and possibly additional documents.
There is an established business interruption claims formula: BI = T x Q x V
Net Income + Ongoing Expenses + Extra or Additional Expenses
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