Business owners across the U.S. are all struggling to get their insurance companies to cover their business interruption claims. The fact is, companies aren’t paying on any business interruption policies related to the COVID-19 pandemic as most argue they never collected a premium from policyholders for it. While a large number of business owners have already taken their dispute to an insurance claims denial lawyer who has helped them file suit against their insurer, some are even going a step further in an effort to obtain the financial relief they believe they are entitled to.
Business owners are now recognizing brokers and insurers for denying their business interruption claims for COVID-19 losses, according to the Insurance Journal.
Three Cases Where Business Owners Recognized Their Insurance Broker in Their Lawsuit
- Sean Boutros, M.D., P.A. v. Sentinel Insurance Co. Ltd.
The plastic surgery practice behind the lawsuit is not only seeking a declaratory judgment against their insurer but the practice is also looking to have “the insurer and broker indemnify [the] plaintiff for its losses.”
- John’s Grill v. The Hartford Financial Services Group, Inc.
In the lawsuit filed on behalf of John’s Grill, the business owner is seeking declaratory relief and has “asserted eight additional causes of action against the insurer and brokerage agency, including breach of the covenant of good faith and fair dealing, bad faith denial of an insurance claim, fraudulent misrepresentation, constructive fraud, unjust enrichment, and violation of California’s Unfair Competition Law (UCL).” The lawsuit also seeks to recover attorneys’ fees and costs.
- Ybarra Investments, Inc. v. Scottsdale Insurance Company
The company is not only seeking a declaratory judgment but it also “asserts a breach of contract claim against the insurer and the individual broker without specifying how the insurance contract is applicable to the broker.” In addition to that, the plaintiff included a negligence claim against the broker.
[Source: Insurance Journal].
Suing Your Insurer After Having Your COVID-19 Claims Denied
The last thing any business owner expected after suffering losses as a result of the COVID-19 pandemic was to have their business interruption claims denied. But, because insurance carriers have continued to stand their ground and deny coverage, filing a lawsuit may be the only chance some business owners have at obtaining the financial relief they need to get their business back up and running.
If you own a business in Maryland and are considering filing a lawsuit against your insurance company for denying your business interruption claim, USAttorneys.com is ready to help you locate a Maryland insurance claims denial lawyer in your city. Filing a lawsuit is a big step to take and you need to be sure you have the right type of professional assisting you with the process.