Business Interruption Attorney in Chicago, Illinois

What are the biggest challenges in successfully filing a claim for business interruption under a CGL policy?

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00:04
most of the retail business owners and
00:06
business owners that need the business
00:08
interruption
00:09
coverage money to help their business
00:13
cannot afford to hire a law firm
00:17
in order to pursue these claims it’s
00:19
extremely expensive
00:20
the insurance companies have a lot of
00:22
money they hire big insurance defense
00:24
firms
00:26
and it’s just not feasible for most
00:28
companies to pursue these
00:30
claims so we knowing that that
00:33
would be an issue went to a bunch of our
00:35
existing clients
00:36
and and even new clients and
00:39
took these claims on a purely success or
00:42
contingency fee basis so that
00:45
the client is only responsible to cover
00:48
the out-of-pocket costs the filing fees
00:50
with the clerk of the court if we have
00:51
to take depositions
00:53
ultimately they would have to pay for
00:54
the court reporter so
00:56
the biggest impediment to the business
00:58
owner is having the money to fund the
01:00
litigation
01:01
which we at bupd believe
01:04
have taken out of the mix
01:08
so that the business owner can at least
01:09
bring the claim the second biggest
01:11
impediment is really time because most
01:13
of these business owners
01:15
need the money from this coverage now
01:18
they don’t have
01:19
time to litigate for two three years
01:22
four years with the insurance companies
01:25
to figure out what if anything they are
01:27
going to be paid
01:28
unfortunately that second component of
01:31
time
01:32
there’s really nothing we can do about
01:34
that because you can only get cases
01:36
through the queue
01:37
in the court as quickly as you can and
01:40
so
01:40
again my recommendation is get your
01:43
claim
01:43
lodged with the insurer as soon as you
01:45
can get your claim into the hands of a
01:48
trained legal professional as soon as
01:50
you can and at least get a lawsuit on
01:52
file and in the queue so you can get
01:54
your pla
01:55
claim processed as soon as you can

Chicago, IL commercial litigation attorney Glenn L Udell talks about the biggest challenges in successfully filing a claim for business interruption under a CGL policy.

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