Physical Loss and Damage
Business interruption insurance covers lost income when your company has to vacate the premises due to disaster-related damages. Your policy should compensate you for profits you would have earned and operating expenses that continue whether or not your business is operational. Most policies cover physical loss and damage related to natural disasters like fires, floods, hurricanes, and earthquakes. To claim coverage, you will have to prove property damage and show how your income is affected by the temporary loss of your business.
You will also have to make sure that the type of damage your business sustained is covered by your policy. Some policies allow coverage for infectious diseases, for example, but others do not. In many cases, a policy will not specify whether or not a specific disaster is covered, and you will have to depend on the language of your contract to determine if a claim is allowed.
Our Houston insurance claim lawyers at Webster Vicknair MacLeod can help you navigate the terms and language of your policy and compile the documentation you need to make a valid claim.