As a smart business owner, you make sure you have your bases covered in case disaster strikes. That means the right insurance coverage that includes business interruption provisions. You can recover compensation to make up for the time when your services are down.
Bouncing back when your business is damaged in a major storm or other calamity is never easy, but it gets even harder when your insurance provider refuses to honor your policy. Our business interruption insurance lawyers in Baton Rouge are here to stand up for you.
At Barcus Arenas, PLLC, our team has nearly two decades of combined experience helping business owners get back on their feet after a disaster. Learn how our insurance claims lawyers in Baton Rouge can help when you call for your free, no-obligation consultation.
What Does Business Interruption Insurance Cover?
Business interruption insurance works alongside your property insurance. While property insurance pays for physical damage to your business, business interruption insurance helps your company recover financially when a covered event forces you to slow or stop operations.
Our business interruption insurance attorneys in Baton Rouge can help you review your policy and understand the extent of your coverage. While every policy and insurance company policy is different, this often includes:
- Lost Net Income: Covers the profits your business would have earned if operations hadn’t been interrupted.
- Ongoing Operating Expenses: Pays for essential business costs that continue even when your operations are on hold.
- Temporary Relocation Costs: Covers expenses related to moving or operating from a temporary location.
- Extra Expenses: Pays for additional costs needed to continue operations after a loss, such as leasing equipment, overtime wages, outsourcing, or expedited shipping.
For a free legal consultation with a business interruption insurance lawyer serving Baton Rouge, call (800) 941-1041
What Happens if Your Business Interruption Claim Is Denied?
Insurance companies often look for ways to deny claims. It can be frustrating when you know you’ve done everything right but have already suffered a serious setback. Here are some steps to consider when you need to fight back against an unfair Baton Rouge business interruption insurance claims denial:
Consult With an Attorney
Our Baton Rouge business interruption insurance lawyers can serve as your advocates and help you through the appeals process. We’ll explain how insurance companies operate and use our nearly two decades of experience to fight for your rights as a business owner.
Understand the Reason for Your Denial
Insurers must provide a reason when they deny your claim. Knowing their reasons can help you determine how to proceed. Our attorneys can review your denial and compare it to your policy to determine if you have been treated fairly and help you plan the next steps.
Gather Documentation
Baton Rouge business interruption experts will help you collect relevant financial records such as income statements, payroll records, and operating expenses. Our business insurance lawyers in Baton Rouge will also present evidence that links your business interruption to the covered event.
Appeal or Request a Reconsideration
Your insurer likely has a process for appealing their decision. This gives you the chance to provide additional evidence or clarify discrepancies. We’ll help you organize your appeal to give you the best chance of success.
Take Legal Action if Necessary
If your insurance company denies your claim despite compelling evidence or delays your claim for an unreasonable amount of time, you may have a path for legal action. Our business interruption insurance attorneys can help you file a lawsuit if your insurance company acted in bad faith.
Baton Rouge Business Interruption Insurance Lawyer Near Me
(800) 941-1041
What Is Bad Faith in Insurance Disputes?
Under Louisiana R.S. § 22:1892, insurers are legally required to act in good faith when handling and paying claims. This means they must conduct a proper investigation, adjust claims fairly and promptly, and avoid denying or delaying payment without a reasonable justification.
If a claim is wrongfully denied, you have the right to file a first-party bad faith lawsuit. To succeed, you must prove your insurer acted arbitrarily, capriciously, or without probable cause. Our Baton Rouge business interruption lawyers will represent you and make a strong case on your behalf.
A successful claim can recover your original claim amount plus statutory penalties and attorney’s fees. In cases involving catastrophic loss or aggravating factors, additional penalties can be twice the actual damages.
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Connect With Our Business Interruption Insurance Attorneys in Baton Rouge
You don’t take chances with your business operations, and you make sure you’re ready for whatever comes next. You expect your insurance providers to honor your policy and come through when you need them. When they don’t, you can take action.
Our business interruption insurance attorneys in Baton Rouge can help you hold your insurance company accountable for the promises they made. We’ll fight for the fair compensation you are entitled to and pursue insurers aggressively when they deal in bad faith.
With Barcus Arenas, PLLC, you can expect Better Advice and Better Advocates. Contact us when insurers let you down. Call today to schedule your free consultation and find out how we can help with your Baton Rouge business loss insurance claim.
Call or text (800) 941-1041 or complete a Free Case Evaluation form
