Business Interruption Attorney in Chicago, Illinois

What advice do you have for business owners who have suffered business interruption losses due to COVID?

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00:04
so my first advice would be to contact
00:06
their assuming they have insurance
00:08
policies which most
00:10
do to contact their insurance
00:13
agent and or broker and get a complete
00:16
copy of their policy of insurance
00:18
have the policy of insurance looked at
00:21
by a trained
00:22
legal professional and in almost all
00:25
instances it would be my recommendation
00:28
to
00:28
submit a claim to the insurance company
00:32
for business interruption losses the
00:34
worst that
00:35
happens is the insurance company is
00:36
going to deny the claim and in the
00:38
letter of denial the insurance company
00:40
will state
00:42
with granularity the specific reason
00:44
they are denying the claim
00:46
if they’re denying the claim because
00:48
they don’t think there’s personal
00:49
property damage
00:50
they will let you know they’re denying
00:52
the claim because they believe that
00:53
there’s a virus exclusion that
00:55
that bars you from coverage they will
00:58
let you know
00:59
so the most important thing is to submit
01:02
the claim as soon as you can
01:05
get the response from the insurance
01:07
company which will almost assuredly be a
01:09
denial
01:10
and then get a trained legal
01:11
professional to take a look at it and
01:13
pursue the claim
01:14
businesses pay for the insurance and
01:17
when they need the insurance
01:19
it should be there for them to be able
01:21
to rely on and this coverage
01:23
is in many policies and we truly believe
01:26
that the insurance companies
01:28
are going to have to pay out on these claims

Chicago, IL commercial litigation attorney Glenn L Udell shares his advice for business owners who have suffered business interruption losses due to COVID.

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