COVID-19 Business Interruption Insurance Investigation

Migliaccio & Rathod LLP is currently investigating insurance providers across the U.S. for failure to pay claims to businesses impacted by the COVID-19 pandemic who had purchased business interruption coverage in their insurance plans. Business interruption insurance, typically sold as an add-on to existing property and casualty insurance policies, is meant to cover revenue losses incurred during a business interruption event. Prior to the COVID-19 outbreak, common triggers for business interruption claims included natural disaster events that caused physical damage to the place of business, such as fires or hurricanes.

Many insurance providers now assert that the COVID-19 pandemic does not constitute physical damage and refuse to pay out relevant claims, despite millions of dollars having been disbursed due to similar claims during the 2002-03 SARS outbreak. In the aftermath of that event, some insurance providers inserted “viral exclusion clauses” into their policies – but many others did not, and are now searching for any excuse to withhold the protection that policy holders, having spent years paying higher premiums, rightly expect to receive.

Are you a business owner whose business interruption insurance claim has been denied by your insurance provider?

If so, we would like to hear from you. Please complete the contact form on this page, send us an email at [email protected], or give us a call at (202) 470-3520.

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The lawyers at Migliaccio & Rathod LLP have years of experience in class action litigation against large corporations, including in cases involving unfair and deceptive trade practices. More information about our current cases and investigations is available on our blog.