As the spread of COVID-19 continues and the substantial economic losses across the economy become clearer, businesses and business owners should be looking at the insurance policies that they have in place, to assess whether or not they have coverage in relation to their actual or anticipated losses associated with the spread of the Coronavirus.
The starting point is to look at your insurance policy and check whether or not you are covered for “Business Interruption”, as this will be the section of the policy which may respond to loss caused directly or indirectly by an insured event such as an occurrence of notifiable disease or a closure occasioned by the action taken by government in response to the COVID-19 virus.
Our lawyers can assist with insurance matters both before a dispute arises or after a dispute has arisen.
GSC can provide advice about how to notify your claim to your insurers.
Where a claim has already been declined by your insurance company, we can provide strategic advice as to the merits of challenging the insurers decision and pursuing that challenge via a dispute resolution process or if necessary, court proceeding or arbitration.
Just because your insurer or broker has indicated that your claim would be declined this does not necessarily mean this is the correct legal analysis. Furthermore, you should always take independent legal advice on matters such as this as there may be other options.
GSC Solicitors are able to assist with Business Interruption Insurance claims on behalf of a wide variety of businesses regardless of location or industry.
In some limited circumstances, you might also have a claim against your insurance broker.
So that we can help you navigate this process we have set out below a simple 8 step process so that we can support you at this time:
For any inquires please do not hesitate to contact our dedicated team on email@example.com or Michael Shapiro on firstname.lastname@example.org or 0207 822 2246 or Hateem Ali on email@example.com or 0207 822 2209.