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00:04
the biggest
00:05
challenge right now is time it really is
00:08
time businesses are
00:09
really suffering as a result
00:13
of mandatory and forced closures
00:16
and as a result of society in general
00:19
just being
00:20
afraid to go out and so i do
00:23
think that there are legal avenues for
00:27
business owners to pursue
00:29
in order to recoup money for the losses
00:32
that they’ve sustained as a result of
00:36
mandatory closures due to covet 19
00:39
again they need to seek out a trained
00:42
legal professional to take a look at
00:44
their contract documents to take a look
00:45
at their lease agreements to take a look
00:47
at their
00:48
commercial general liability insurance
00:51
policies to
00:52
take a look at all documents they have
00:54
to see
00:55
where they can pursue claims
00:58
to recoup the monies lost as a result of
01:02
covet 19. you know there’s not a remedy
01:06
for every wrong
01:07
there’s not a recoupment for every loss
01:10
that you have but when you’re a
01:11
responsible
01:12
business owner and you proactively
01:15
seek out indemnification policies in the
01:18
form of insurance or negotiate contract
01:21
provisions
01:22
and now you need them the insurance
01:25
company
01:26
should be there to help cover the cost
01:28
again
01:29
i think the biggest impediment is just
01:31
time it’s getting these claims through
01:33
the system
01:34
and hopefully if you’re a business owner
01:37
having the time
01:38
and the financial wherewithal to carry
01:41
and sustain your business while you’re
01:43
pursuing
01:44
the indemnification and reimbursement
01:46
claims for the lost money
talks about the biggest challenge he and his clients face in seeking compensation for losses due to COVID closures.