“Business interruption” insurance is a type of insurance coverage common in commercial insurance policies. Typically, the insurer agrees to compensate the insured for a loss of income resulting from an interruption of business operations caused by events defined in the insurance policy. Fire loss or other physical damage causing a business suspension is the most common circumstance under which a potential claim for business interruption coverage arises. However, business interruption claims may also arise from reduced or suspended business operations caused by other events such as natural disasters, riots, civil disobedience or global pandemic.

The scope of available coverage on a business interruption insurance policy is heavily dependent on the specific language of the applicable policy.  The language of the policy describes which events are covered and not covered and also governs the extent of financial compensation available to the insured.

If you have questions regarding available business interruption coverage under your policy in light of the coronavirus aka COVID-19, attorneys at Davenport Evans Law Firm are available to help guide you through these uncharted waters. Call 605-336-2880, email [email protected], or reach a specific Davenport Evans Insurance lawyer here.