In today’s competitive business world, every hour of business operation means financial revenue that can be crucial to one’s success. A business interruption caused by a hurricane or storm not only results in the loss of ongoing business, but also the loss of valuable (and specific) one-time opportunities that can disappear if not instantly grabbed.
Insurance companies may deny business interruption claims for several reasons. For example, the interruption in question may not have been caused by a covered event, and the part of the business affected is not covered under the current policy. Insurers may also agree to cover your business interruption claim, but then try to undervalue your business losses.