(954) 676-4179

Call to Discuss Your Case


Let's Schedule a Time to Talk

Business Interruption and Income Loss Damage, Here's What You Should Know Before Filing a Claim

Business Interruption Damage Lawyer - Feb - Louis Law Group
Business Interruption Damage Lawyer – Louis Law Group

As a Florida business owner, you know that adverse weather can wreak havoc on your business and income. That why you need to know what your insurance policy covers. Many insurance companies will provide coverage for business interruptions and income losses. However, it’s essential to know if there are any exclusions in your policy – such as hurricanes, floods, or other perils – that may affect your claim process. Understanding what your policy covers and doesn’t cover is critical to filing a proper claim.

Covered Perils

It’s essential to know if your policy is an All Risk (Open Peril) or Named Peril. A Named Peril policy limits your coverage. A peril is the cause of a loss, such as fire, water, wind, etc.


Insurance settlements are calculated using either replacement cost value or actual cash value. Knowing the difference and what your policy covers is essential to understanding your payout. Replacement cost coverage doesn’t factor in depreciation of the original value of your damaged items, so you’ll get the full original cash value to repair or replace any damages to the item, minus your deductible. An actual cash value policy will subtract both your deductible and depreciation.


Do you know how much your deductible is? The deductible is the amount of money you’ll pay out of pocket for repairs. Many insurance companies won’t issue your claim payout payment until they know you’ve paid your deductible.


Some types of damage may not be covered by your policy. Exclusions may include hurricanes or floods. You should know whether your insurance policy contains any exclusions. Read your policy or call your insurance provider and ask.

Business Interruption and Income Loss, Now What?

If your business has been damaged by flooding, a hurricane, or fire, you’ll probably have to close your business for a while and incur income losses. But before those happen, you need to take steps to prevent further damage to your business. Failing to do this could affect your insurance coverage. The experienced attorneys at Louis Law Group will help you with this process and every other aspect of your business interruption and income loss claim.

We are experts at navigating every part of the property damage claim process. We want to ensure you get your life back on track and move forward as soon as possible. If you’ve filed a claim and your insurance company has denied it or limited your coverage, call us at (954) 676-4179. We’ll look at your situation and help you determine what you need to do to get the settlement you deserve.

Call Now Button