An Overview of Business Interruption Insurance

Anyone who owns a business in Florida may want to consider purchasing business interruption insurance coverage, which may protect your business in case of any sudden interruption to your business operations. There are basically 3 types of business interruption insurance that can protect your business operations. These include: 

  • Business interruption insurance – this may compensate you for income lost during the restoration or repairs to your damaged commercial property.
  • Extended business interruption coverage – this is generally limited to a specific period of time, and will compensate you for income lost after your property is repaired, but before the income returns to its pre-loss level.
  • Contingent business interruption coverage – this may cover your loss of income from physical damage to the property of your business providers or suppliers, or for physical damage to the property of consumers of your products or services. 

An interruption of your business operations may occur because of vandalism, theft, water damage, a hurricane, a fire, a flood, an environmental disaster or because of other factors, such as political unrest. 

A Florida commercial insurance attorney can help you to file your business interruption claim in Florida, as well as attempt to negotiate an acceptable settlement. If a settlement cannot be reached, your attorney can represent your interests in a formal court of law. 

Contacting a Florida Commercial Insurance Attorney 

The Florida commercial insurance attorney team at Falk & Falk Law Firm knows how important it is to you and your company to get the settlement you need in order to move on with your lives. Our Florida commercial insurance attorney team has experience in helping victims of natural disasters—and other business owners’ nightmares—recover from their loss. An experienced attorney can help you to fight for the compensation that you need and navigate the tricky world of business and hurricane insurance. Contact us today – 305-742-0878.

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