Business Income Loss

A Promise to Deliver…

The entire purpose of insurance is to soften the emotional and financial burden surrounding a personal or business loss. When you purchase business income loss insurance, you do so because anything can happen and because if or when it does, you know that your business may not survive without it. In exchange for paying your premiums now, your insurance company promises to "take care of you" in the event a catastrophe strikes. 

By recognizing and acknowledging the unique needs and circumstances of each client, Merlin Law Group, P.A. can engage cases with a bold leap rather than a timid step.

At Merlin Law Group, P.A., years of experience representing commercial clients with business income loss claims have given our attorneys the ability to immediately assess almost any situation, get to the heart of the matter, and swiftly implement the actions and strategies most likely to achieve a positive outcome. Our firm offers a comprehensive range of services related to time element coverage and business income loss claims. Our lawyers:

• Advise management on how to start collecting and developing information, that is, track impact of loss through the general ledger accounts for extra costs, inefficiencies of operation and payroll for those not working
• Determine the appropriate period of suspension, and whether it is total or partial
• Determine sales projected or the sales value of production
• Determine cost of sales/production in compliance with insurance policy definitions
• Determine claim limitations (actual loss sustained)
• Determine and evaluate discontinued (saved) expenses
• Determine expediting expenses - expenses related to reducing the loss
• Instruct management on actions that will mitigate the loss
• Determine values for coinsurance compliance (if necessary)
• Prepare financial projections for the period of suspension and perhaps beyond
• Prepare for submission a business interruption valuation claim, supported by multiple schedules
• Provide total claim presentation and management services to ensure consistency with the property portions of the claim

Business income loss claims should be filed promptly. It is also important to note there may be significant differences of opinion on issues such as "reasonable repair" and actual income loss. Our lawyers have been very successful at advocating for the extensions of time limits (often required to combat the excessive delaying tactics insurers use to thwart claims) and at securing fair and reasonable compensation for clients.

Talk to Our Attorneys

We deliver on our promises.

For an honest evaluation of your business interruption insurance policy and a review of your claim — call 1-877-449-4700 or send us a brief message by completing the e-mail contact form located on our contact us page. For information about a particular office location, either Coral Gables or Tampa in Florida, and Houston or Gulfport in Mississippi — please click here.

We appreciate your interest and look forward to speaking with you.