The Covid-19 pandemic struck the United States and South Carolina, leaving many businesses in shambles. Most business purchase business interruption insurance, which in the event of a “physical damage”, will cover lost revenue of the business. Covid-19 presents a challenge, since roughly half of the insurance policies exclude a virus.

The insurance companies are taking a hard line that it is excluded from their policies and that they owe no money. In South Carolina if there is ambiguity in an insurance policy it is construed against the drafter, which 99% of the time is an insurance company. These insurance companies must be held accountable.

The restaurants, hotels, and other businesses that pay millions of dollars a year in insurance premiums are now being told they aren’t covered. If you or anyone you know in South Carolina has a business interruption insurance claim, please have them contact us today.