Last Updated on August 13, 2023 by asifa
For a small business owner, these unprecedented times are especially difficult. So many businesses are facing devastating income losses as a result of new regulations and shutdowns.
The good news is: you have options. Read on to learn how a small business can recover some of their income lost during the COVID-19 pandemic.
Review your business insurance policy
If you own a California business, take a look at your business insurance.
Most small business insurance policies include provisions to recover lost income. They’re designed to help you out in the case of a shutdown or emergency. Unfortunately, not all insurance companies are honoring those provisions now that a shutdown of this scale has actually happened.
If your insurance does include coverage for business losses, your business is owed! Just like with any California lawsuit (like product liability or slip and fall legal cases), the responsible party isn’t going to give up that coverage willingly — you have to fight for the funds you deserve.
Call a business loss attorney
A lot of business insurance policies are (intentionally) wordy and confusing. If you aren’t sure whether your business is owed coverage or not, get in touch with a local legal team.
Your lawyer will offer free legal counsel to help you figure out what your coverage should offer. If your insurance company is holding out on you, top-rated attorneys in Lincoln, CA will fight for you in court!
These times are tough on all businesses. So don’t make it any harder! It’s possible to get back the coverage you’re owed.