The Law Firm of Timothy D. McGonigle is a tenured firm with more than 30 years of experience resolving complex disputes for clients throughout California. The firm is highly skilled in numerous venues, having successfully represented clients in jury and bench trials, arbitrations and mediations. The firm also represents clients in appellate matters at all levels of the California court system.

Business Insurance Coverage for Losses cause by the Coronavirus

On May 14, 2020, Lloyds of London announced that Coronavirus claims will likely be over $100 billion, causing the largest loss on record. Governments around the world are issuing shut down orders to attempt to slow down or stop the Covid-19 pandemic. These actions are creating severe business losses on an unprecedented level. Businesses should consider whether there might be insurance benefits available to compensate for these significant business interruptions.

If your business has an All Risk business insurance policy, was deemed a Non-Essential Business that suffered a shut down due to Covid-19, and suffered the loss of use of your business, loss of access or function of your property, or the cancellation of events, you should immediately submit a claim to your insurance company and/or insurance agent.
Many policies have coverage for loss of business income that the insured’s business suffered as a result of the actions of civil authorities having prevented access to the insured’s businesses.

There may also be coverage for “dependent property coverage” if your business loss was caused by a business you relied on to provide services or goods was unable to deliver due to shut down orders, or your business was unable to deliver services or products to a customer due to government shut down orders.

In the event you need advice or assistance submitting your claim, Timothy D. McGonigle Professional corporation has been successfully handling insurance claims for over 35 years. We have recovered millions of dollars from insurance companies and are available for a free consultation.

McGonigle Law has been committed to representing individuals, small businesses and corporations in professional malpractice and business litigation cases since 1986. Our successes speak for themselves.