San Antonio Business Interruption Coverage Lawyer

Business Interruption Coverage Attorney in San Antonio, TX

Business owners need to understand the options available to them for obtaining business interruption insurance. Many of my clients face issues while dealing with insurance companies that deny claims. I am a San Antonio business interruption coverage lawyer who can help you enforce a business interruption insurance policy.

Why Choose Jon Michael Smith

I am board-certified in commercial law and consumer law by the Texas Board of Legal Specialization. As a client-focused attorney with more than 30 years of experience, I devote my time and energy to assisting clients with all aspects of Texas business interruption insurance claims.

If you suffered business losses due to a natural disaster or another type of interruption, I can assist you with understanding whether any commercial insurance policy applies to your business.

The Basics of Business Interruption Insurance in San Antonio

Natural phenomena such as wildfires, floods, and hurricanes can impede or halt business operations for significant periods of time. The purpose of business interruption insurance is to provide financial coverage for businesses when one of these events happens.

From February 2021 to March 2022, approximately 7,206 business interruption insurance claims were filed in Texas. Of these claims,  57.6 percent were closed with payment by an insurance company. That same year, the property and casualty insurance industry produced more than $80.5 billion in premiums throughout Texas.

The following elements are typically covered under business interruption insurance policies in San Antonio:

• Employee training expenses
• Relocation costs
• Wages for employees and independent contractors
• Loan payments, mortgage payments, and rental expenses
• Lost revenue due to the closure of a business

One central element of business interruption insurance policies is the requirement for physical damage to a structure associated with a business organization. Also, the business must be forced to shut down or move due to the event causing business interruption. The Texas Department of Insurance explains more about this type of insurance.

Many businesses in the South Alamo/St. Mary’s district, Far North Central, and Port San Antonio obtain business interruption insurance. Major companies in San Antonio include Joint Base San Antonio, Boeing, Accenture, Frost Bank, and Baptist Health System.

Filing a Business Interruption Coverage Claim in San Antonio

I have worked with many clients who initially reach out for legal representation before filing an insurance claim under the business interruption policy. However, the first step involves the insured filing a claim. Next, the insurance company will investigate the claim in accordance with the Texas Insurance Code.

If the insurance company denies the claim or refuses to pay the amount of coverage provided in your business interruption insurance policy, then you should speak to a San Antonio business interruption coverage attorney like me. I can help you understand the position of the insurance company and determine if you need to file any legal claims to protect your legal rights.

Contact Jon Michael Smith, and Hire a Business Interruption Coverage Lawyer

If you are seeking legal representation regarding a business interruption insurance claim, contact my law firm. We can discuss the facts of your potential legal case during an initial consultation. Contact Jon Michael Smith today to hire a business interruption coverage lawyer. I can help you stand up to insurance companies and enforce your rights under Texas law.