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Business Interruption Claims for Bars Due to COVID-19

North Carolina’s state’s stay-at-home orders and capacity restrictions have significantly impacted bars and restaurants. After months of closure and limited operations, many bars are faced with a bleak financial future. If your bar business is struggling to stay afloat financially due to North Carolina’s coronavirus bar restrictions, you may be wondering, “Can I file a business interruption insurance claim for my bar?” 

Business Interruption Claim for Bar - Riddle & BrantleyRiddle & Brantley’s business interruption claim lawyers for bars can help guide you through this process and determine if you have a case for a business interruption claim for your bar.

If you are a bar owner and the coronavirus pandemic has financially damaged your business, you may have a valid business interruption insurance claim for compensation. In this article, we’ll explain what business interruption insurance is, how it works, and how Riddle & Brantley’s experienced business interruption lawyers can help you file a business interruption claim for a bar in North Carolina.

For a FREE consultation concerning a potential business interruption claim for your bar in North Carolina, please call our business interruption attorneys today at 1-800-525-7111.

There are no upfront costs and you won’t pay any attorney fees unless we successfully get you business interruption compensation for your bar business.

Please call 1-800-525-7111 today and let’s review your claim.

What is business interruption insurance?

Business interruption insurance is a critical type of coverage that protects business owners from irreparable financial harm to their businesses after a disaster or other economic “peril.” Business interruption insurance is typically included as standard coverage on a business owner’s insurance policy and covers different types of financial losses associated with unexpected disasters.

For example, if a business is damaged by a fire, flood, or other natural disaster, business interruption insurance can help that business protect its profits by compensating for lost revenue or other expenses arising from that disaster.

Depending on the policy language, business interruption insurance can cover a wide variety of expenses and losses. If you have business interruption insurance for your bar as part of your North Carolina owner’s business insurance policy, it may entitle you to compensation for revenue losses and other expenses such as:

  • Revenue losses incurred while your business is closed
  • Operating expense losses and other fixed costs
  • Employee wages and benefits
  • Additional expenses that are necessary to keep the business operating during a crisis
  • Moving costs, if the businesses had to relocate during or after a crisis
  • Costs to deep clean your business to maintain safety standards

“How do I know if I have business interruption coverage on my policy?”

Business Interruption Insurance for Bar - Riddle & BrantleyYou may be wondering whether your business owner’s insurance policy includes business interruption insurance for your bar.  The good news is that business interruption insurance is included as standard coverage in most commercial property insurance or business owner’s insurance policies. Additionally, most of these policies are “at risk,” meaning that unless a certain type of coverage is specifically excluded from your policy, a claim for damages should otherwise be covered.

Our business interruption claims attorneys for bars can help review your policy coverage to determine the full extent of applicable business interruption coverage for your North Carolina bar business.

If you are unsure whether you have business interruption insurance on your bar owner’s policy, don’t wait for your insurance company to voluntarily tell you about this coverage. Our attorneys expect coronavirus business interruption claims to cost insurance companies millions of dollars in the future, so insurers will not be incentivized to help you file a claim.

However, our North Carolina business interruption claims lawyers for bars are ready to review your policy and help hold your insurance company accountable for the massive losses your bar has suffered during the pandemic.

For a FREE consultation regarding your bar’s business interruption claim, please call 1-800-525-7111 or complete the fast and easy form below.

There is no obligation and you won’t pay any attorney fees unless we win your case and you receive financial compensation.

Don’t wait and don’t gamble with your potential compensation. Please call 1-800-525-7111 today and let’s review your business interruption claim for a North Carolina bar.

“Can business interruption insurance cover my bar’s COVID-19 revenue losses?”

If you’re wondering whether your business interruption insurance policy covers your bar’s coronavirus-related revenue losses, you’re not alone. However, the answer is complicated and depends on your specific policy’s contractual language. Riddle & Brantley’s experienced business interruption claims lawyers can help review your policy’s language and evaluate whether it covers coronavirus-related economic damages.

This question is especially applicable to bar owners because as small business, bars are particularly vulnerable to financial losses during an economic shutdown since they are brick and mortar businesses that rely on a high volume of customer traffic to generate revenue.

In North Carolina, bar owners have absorbed massive financial losses as their bars remained closed or forced to operate at limited capacity under the state’s phased reopening plan. If you have business interruption insurance on your bar owner’s insurance policy, you are probably wondering whether your bar’s business interruption insurance covers COVID-19-related losses.

Thousands of coronavirus-related business interruption lawsuits are currently pending in North Carolina state and federal courts. At the center of many of these lawsuits is whether the “physical loss” requirement includes coronavirus-related restrictions on business operations, such as bars.

“What if my business interruption claim for a bar has been denied by my insurance carrier?”

If you’ve already filed a business interruption claim for your bar, you might be discouraged to find that your claim has been denied. However, even if your claim has been initially denied, our business interruption lawyers can help evaluate whether the specific terms of your business owner’s policy may still entitle you to compensation for your revenue losses and increased operating expenses due to North Carolina’s coronavirus restrictions.

Business Interruption Claim Denied for Bar - Riddle & BrantleyIf you have a claim for compensation, our business interruption lawyers can help negotiate with the insurer on your behalf to get you as much coverage as possible.

If your bar has suffered substantial financial losses due to the closure of bars during the coronavirus pandemic, you may qualify for a business interruption lawsuit to cover some of your lost revenue this year. Our experienced business interruption lawyers are actively reviewing claims for bar owners to compel insurers to cover COVID-19-related economic damages under their business interruption insurance policies.

For a FREE, no-obligation consultation with an experienced business interruption lawyer handling claims for bars and restaurants, please call 1-800-525-7111.

There are no upfront costs and we don’t get paid unless you do. If we don’t recover business interruption compensation for your bar, you won’t pay any attorney fees.

In addition to handling business interruption claims for bars, we can also assist other North Carolina businesses with COVID-19 business interruption claims, including restaurants and gyms.

Please call 1-800-525-7111 today and let’s review your policy coverage. You may be entitled to business interruption insurance for your bar business and we would love to help you if we can.