COVID-19 COVERAGE UPDATE
In a letter dated Wednesday March 18, 2020, a bipartisan group of U.S. Congressional lawmakers urged four major insurance trade organizations “to make financial losses related to COVID 19 and other infectious disease-related losses part of their commercial business interruption coverage for policy holders.” The same day, the insurance industry wrote: “Standard commercial insurance policies offer coverage and protection against a wide range of risks and threats and are vetted and approved by state regulators. Business interruption policies do not, and were not designed to, provide coverage against communicable diseases such as COVID-19.”
On March 24, 2020, the Ohio Legislature introduced House Bill 589, the purpose of which is to “protect small businesses from catastrophic losses” arising from the COVID-19 pandemic. As drafted, the Bill purports “[t]o require insurers offering business interruption insurance to cover losses attributable to viruses and pandemics…..” If enacted in its current form, H.B. 589 would require that every property insurance policy providing business interruption coverage be construed to provide “coverage for business interruption due to global virus transmission or pandemic during the state of emergency.”
Obtaining coverage for losses resulting from the Corona virus is an uphill battle. Insurers are relying on a lack of “physical damage” as a basis for denial. Also problematic, some policies specifically include an exclusion for losses due to viruses. In early 2020, there were already lawsuits pending in California, South Carolina, and Louisiana.
Given the challenges facing a business owner who is dealing with a shut-down business and a difficult insurer, it is important to have experience insurance coverage lawyers in your corner. If your business interruption insurance claim was denied after a disaster that forced the closure of your business (like Coronavirus or COVID-19), then contact us to discuss your case. We offer free business insurance claims consultations.
We are a team of top rated lawyers that includes licensed engineers with the know-how to effectively resolve your construction dispute.
Combining Extensive Experience With Deep Resources And Personal Attention
Real People, Real Problems, Real Solutions
Wright & Associates does one thing: Litigate. We are a boutique complex litigation firm that focuses on prosecuting claims against insurers who refuse to honor their Policy, contractors who do bad work, and lenders who violate their contract and federal law.
Wright & Associates focuses on large claims. All of our cases are litigated in Federal Courts or Courts of Common Pleas. These courts require the amount in dispute to be substantial.
Ben Wright began his legal career working for a well-respected insurance defense firm. In 2014, Ben founded his own firm committed to using his insider’s knowledge to ensure that insurance companies, homebuilders, banks, and contractors live up to their word. Since then, the Firm has continued to grow, served hundreds of clients, and:
- Earned millions of dollars for our clients.
- Won judgments against errant insurance companies and unprofessional contractors.
- Been selected to the Super Lawyers Magazine list of Rising Stars.
- Achieved an AV Preeminent Rating.
- Earned superb client reviews and ratings.
In order to best serve our clients, we limit our practice to our core competencies. We do not prepare taxes, draft wills, get involved in domestic matters, handle criminal cases or bankruptcy.
If you would like to schedule a consultation with Wright & Associates to review the facts of your case, address any questions you have, and recommend the best course of action — call 614-285-3383. Our clients, and even those few who elect to work with someone else, appreciate that we are direct, candid and results-oriented — from the initial consultation through the resolution of a case.
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Ben’s Promise To You
“I work hard to ensure my clients have more than just a competent attorney. I build the right team for the case, whether that is an expert engineer, contractor, doctor or PR firm. My clients will have the expertise they need in their corner.”