News & opinion Episode #7: Business Loss Lawsuits

Episode #7: Business Loss Lawsuits

Fo

ou

episode of the B

e

king Do

n The L Podc

st

e'

e joined by J

son

uen,

<

h

ef="https:

/c

inju

yvictims.com

te

m-membe

s/j

son-

uen/”>pe

son

l inju

y lye

in Houston >

ho speci

lizes in Pe

son

l Inju

y Litig

tion. He's joined by B

e

king Do

n The L

Podc

st<

em> host,

shley

od

iguez. Du

ing tod

y’s episode,

e’ll be

dd

essing seve

l questions

bout <

h

ef="https:

/t

ustguss.com

business-loss-leg

l-suppo

t/” t

get=”_bl

nk"

el=”noopene

no

efe

e

">Business Loss Lsuits<>

hich

e b

ought on by the COVID P

ndemic.

  • h

    t ex

    ctly is business inteuption insunce?<

    li>

  • h

    t ex

    ctly does business loss insunce cove

    ? Does it cove

    employee ges?<

    li>

  • h

    t does

    Business inteuption cl

    im deni

    l look like?

    h

    t e the steps

    fte

    you h

    ve been denied by the insu

    nce?

  • Ho
    do I c

    lcul

    te my loss cl

    im?

  • h

    t type of business qu

    lifies?<

    li>

J

son discusses these points

nd so m

ny mo

e, so

e hope you’ll join us fo

this episode! You c

n len mo

e

bout J

son

nd Ste

t J Guss,

tto

ney

t l by visiting us online

t <

h

ef=”https://c

inju

yvictims.com

“>

.cinju

yvictims.com > St

y tuned fo

the next inst

llment of the B

e

king Do

n The L Podc

st

ith Ste

t J Guss

nd

shley

od

iguez!

Cont

ct Us: <

h

ef="tel:2817833934">281-783-3934<> o

<

h

ef=”m

ilto:B

e

kingDo

nTheL

@gm

il.com">B

e

kingDo

nTheL

@gm

il.com<> If you nt to subsc

ibe to ou

podc

sts on you

f

vo

ite podc

sts pl

ye

<

h

ef=”https://b

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nthel.buzzsp

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e<> foll the links to e

ch one!

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em> ong> ong>Int

o<

st

ong> : 0:09 B

e

king do

n the l

, b

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n the l

podc

st hosted by

tto

neys

nd leg

l speci

lists discussing eve

yd

y l

nd ho

it

ffects

egul

people,

egul people. Let's b

e

k do

n the l

ith ou

host Ste

t Guss

nd

shley

od

iguez. They h

ve the inside scoop on eve

ything leg

l

nd ne

s

o

thy.

ong>

shley

od

iguez ong> : 0:33

elcome to b

e

king do

n the l. I'm

shley

nd

e h

ve

speci

l guest

ith us tod

y. ong>J

son

uen ong> : 0:38 Hello,

shley. Hi, J

son. Ho

e you tod

y? I'm doing

ell.

ong>

shley

od

iguez ong> : 0:42 So J

son, tell us

little bit

bout you.

ong>J

son

uen<

st

ong> : 0:45 Ok

y,

ell, I'm J

son

on. I'm the M

n

ging executive

tto

ney

t Ste

t guess my job ent

ils essenti

lly helping

un the fi

m

nd specific

lly

ith

egds to like tod

ys topic litig

tion deptment. ong>

shley

od

iguez<

st

ong> : 0:59 Yes. So tod

y

e'

e going to be discussing business inte

uption. So

h

t ex

ctly is business inteuption insunce? ong>J

son

uen ong> : 1:08

ell, business inte

uption insu

nce is insu

nce th

t

ould cove

business in the event th

t they'

e not

ble to be open

nd continue no

m

l ope

tions. It

ould be, fo

ex

mple, the most

ecent most common things you see

ould be in the event of like

hu

ic

ne o

some m

ssive p

ope

ty d

m

ge

ffecting

business so they couldn't physic

lly open

nd

ould lose business. So they

ould h

ve this insu

nce th

t

ould step in

nd p

ovide some cove

ge fo

th

t.

ong>

shley

od

iguez ong> : 1:41 So b

sic

lly, kind of on this p

ndemic, to th

t

e’

e going th

ough

ith follo

unde

one of those things. ong>J

son

uen ong> : 1:48 Th

t is kind of the $50,000 question, bec

use some of these policies e itten in such

y th

t it looks like it

ouldn’t be cove

ed but they might

ctu

lly be cove

ed

nd in some

s they’

e ve

y cle

ly cove

ed. So typic

lly these policies

e

itten in such

y th

t it’s obvious th

t they'

e cove

ed losses,

nd they’

e cove

ed losses fo

things. But like I s

id befo

e, like

t

ee f

lling on you

business o

in you

c d

iving in the f

ont of youest

u

nt o

something of th

t n

tu

e might

ffect, it's cle th

t it

ould cove

in those situ

tions, but the

e is

n upgde eo

in

lot of these policies th

t

ould cove

being shut do

n bec

use of something

el

ted to the p

ndemic. Eithe

one of you

st

ff membe

s h

s Co

on

,

nd you h

d to shut do

n o custome

h

d it, you h

d to shut do

n bec

use you h

d to cle

n up you h

d to m

ke su

e the

e

sn’t exposu

e to othe

folks, o

bec

use you

e

e fo

ced to shut do

n bec

use of the o

de

s th

t

e

e given out. So the

e e potenti

l

ys in

hich you

insu

nce

ould cove

the l

suits you’ve h

d

s

esult of the p

ndemic. ong>

shley

od

iguez<

st

ong> : 2:58 So is it just

loss in gene

l o

Is it like

p

ys fo

employees

ges? O

h

t ex

ctly does th

t cove

?

ong>J

son

uen<

st

ong> : 3:07 So, the insunce, the document itself, the policy th

t you get is going to cont

ol so you

l

ys got to look into th

t. But typic

lly

h

t it’s gonn

,

h

t's cove

ed by this insu

nce

e going to be things like you

l

st

ep, o

the p

ofits you

ould h

ve m

de

s esult fo

being open, but it might cove

things like you

mo

tg

ge p

yment, youent, you

le

se p

yments, lo

n

ep

yments, t

xes, even p

y

oll, things of th

t n

tu

e, m

ybe cove

ed but it's going to be cont

olled by you

policy. ong>

shley

od

iguez<

st

ong> : 3:39 Ok

y, so it’s definitely good to look

t you

policy. So

h

t ex

ctly is business inteuption cl

im deni

l lsuit, like, let's s

y th

t

e’ve looked

t ou

policy, no

h

t's the next step if

e

e unce

t

in?

ong>J

son

uen<

st

ong> : 3:53 Lsuit is essenti

lly kind of the l

st step in the p

ocess. The fi

st thing you got to do is m

ke the cl

im

nd it’s not not c

lling yougent

nd s

y, Hey,

m I cove

ed fo

this? Bec

use yougent is p

ob

bly going to tell you no, bec

use he didn’t expect

hen you sign up fo

this policy th

t you'

e going to be m

king

cl

im due to

p

ndemic. So most of them

nd most of these

gents, my expe

ience

ith it is th

t most

gents e unde

the imp

ession th

t it’s not cove

ed by the policy. So th

t’s

h

t they’

e going to tell you. Th

t’s not m

king

cl

im. So if you just c

ll you

gent up

nd s

y, Hey,

m I cove

ed? He s

ys no, th

t’s th

t's not m

king cl

im, you h

ve to go th

ough the cl

im p

ocess, you

ctu

lly h

ve to m

ke

itten cl

im out b

sed upon you

losses submitted to the insunce comp

ny

nd h

ve them denied befo

e you even stt the lsuit p

ocess. So, essenti

lly, you m

ke the cl

im. The insunce comp

ny denies it fo

h

tevee

son.

t th

t point, you cont

ct

l

ye

to get help

nd in p

ob

bly f

lling off it. ong>

shley

od

iguez<

st

ong> : 4:55 So ho

do I c

lcul

te the loss fo

my cl

im.

ong>J

son

uen<

st

ong> : 5:00 So th

t’s

g

e

t question.

nd

g

in, it’s kind of going to depend on

h

t you

policy l

ys out

s being coveges fo

you. So, if you

policy

llo

s you to m

ke

cl

im b

sed upon loss

evenue, only, then it’s going to be lost

evenue. If it includes things like p

y

oll, then you'

e going to

nt to include p

y

oll,

nd you'

e going to

nt to include essenti

lly, you

best guess you

best estim

te

s to

ll of these f

cto

s. So if you’

e no

m

lly

ould be

eceiving X

mount in

evenue,

nd f

om th

t

evenue, you'

e p

ying X

mount of p

y

oll, you’

e p

ying t

xes, things of th

t n

tu

e, you’

e gonn

h

ve to l

bel

ll th

t stuff out.

g

in, it’s going to be cont

olled by you

policy. So you

nt to see

h

t they’ve l

id out in you

policy fo

this p

ocess

nd

h

t they'

e going to be

ccepting

s evidence of, essenti

lly

h

t you

losses

e

nd

llo

these policies

ill b

e

k out losses

nd d

m

ges

fte

ve

y specific

o

ding, so I’m going to use the te

m loss Bec

use th

t's

h

t this is

e

lly tcking, you'

e t

cking you

losses th

t necess

ily p

ope

ty d

m

ge to you

loc

tion fo

you

business.

ong>

shley

od

iguez ong> : 6:07 So

h

t type of business s the offe

fo

th

t? Is it

nyone th

t h

s business inteuption insunce? Oill some businesses not qu

lify?

ong>J

son

uen<

st

ong> : 6:16 Got it on the fi

st t

y?

ctu

lly, ye

h, p

etty much

ny business th

t h

s this one th

t h

s this type of insu

nce,

nd h

s suffe

ed

loss du

ing this p

ndemic, might be

ble to m

ke one of these cl

ims

nd potenti

lly one of these losses to pick up

dog

lke

, you could be

est

unt

est

unts e e

sily the most obvious potenti

l cl

im

nts unde

these ci

cumst

nces, but lite

lly

nybody

ny business th

t h

s this insu

nce,

nd th

t h

s suffe

ed

loss,

s

potenti

l c

n potenti

lly m

ke

cl

im. ong>

shley

od

iguez<

st

ong> : 6:51 So

h

t

ould be like the expected timeline fo

business? So let’s s

y

e think

e get

cl

im,

e file the cl

im, like

e h

ve to go to file the lsuit. Like ho

does ho

long do you think it

ould t

ke fo

them to get

nything in

etu

n so they c

n m

ke cl

im thei

business? ong>J

son

uen ong> : 7:08 Th

t’s

difficult question. Bec

use the p

ocess itself is

ctu

lly

lot longe

, potenti

lly th

n othe

types of l

suits bec

use you

bsolutely h

ve to m

ke this cl

im. Fi

st, you h

ve to get you

evidence

ll in o

de

, m

ke the cl

im h

ve the cl

im denied. So it's not

quick

nd e

sy kicks, it’s not something th

t's going to m

ke

e

lly,

e

lly f

st tu

nound. Fo

someone m

king this cl

im o

h

ving to go in f

ont of

judge

nd p

ove these d

m

ges. They’

e

lso often

ddition

l steps th

t don't exist in othe

s fo

ms of litig

tion. Th

t

ill need to t

ke pl

ce since this is

n insunce contct cl

im you might h

ve fo

ced

bit

tion, you might h

ve to h

ve

fo

ced o

outside ev

lu

tion of the d

m

ges t

ken by

thi

d p

ty, the

e e

numbe

of

ddition

l steps th

t could t

ke pl

ce th

t is going to extend this p

ocess longe

th

n

ould be ide

l. So the long

nd sho

t of it is, it’s not quick. Th

t's

bout

s good

s I c

n give you. ong>

shley

od

iguez<

st

ong> : 8:06 So

ould it be

ise to spe

k to

lye

befo

e I m

ke my cl

im? O

should I just

it to get

deni

l f

om the cl

im?

ong>Unkno

n Spe

ke

ong> : 8:16 So you c

n spe

k

ith

lye

,

nd

e

ecommend th

t you spe

k

ith

lye

, but the l

ye

, the fi

st thing th

t the lye

is going to

sk you is going to be h

ve you m

de

cl

im

l

e

dy. No

,

lot of times, you don’t kno

ho

to m

ke you

cl

im.

nd th

t's might be

hy you’

e getting

l

ye

involved,

nd th

t's pe

fectly fine. But the fi

st step of th

t p

ocess is going to be m

king su

e th

t you’

e m

king

cl

im unde

ny potenti

l covege th

t you h

ve on you

policy.

ell, you c

n p

ob

bly help you out

ith th

t. You’

e going to need to give him

copy of you

policy,

ce

tified copy of you

policy, ide

lly, th

t h

s essenti

lly

ll the sections in it th

t

e going to come into pl

y bec

use the policy is going to not just tell you the inte

est. It's

lso going to tell you things like exclusions

nd th

t’s the Th

t's huge in this p

ndemic, situ

tion bec

use

lot of these policies h

ve something c

lled

vi

us exclusion. I don't kno

if you s

the Ye

h. H

ve you seen the

ecent I think P

esident T

ump even s

id,

s gotten on t

pe,

he

e he s looking

t the policies

s

ell. You kno

, this doesn't s

y

nything

bout

p

ndemic, so they should be p

ying these cl

ims. It doesn’t s

y

nything

bout p

ndemic, but it does s

y things

bout vi

uses.

nd the

e's

cl

im

nd the

e's

n

gument the

e. ong>J

son

uen ong> : 9:29 Vi

us o

p

ndemic k

n

Ye

h, th

t it’s

vi

us p

ndemic, but is th

t gonn

pply o

not

pply?

nd

lot of these c

ses e

esolved

ound th

t exclusion l

ngu

ge.

nd the p

oblem is,

nd the

oy th

t I h

ve is th

t people

en’t going to m

ke these cl

ims bec

use they see th

t vi

us exclusion, just

ssume, oh,

ell, it's

vi

us so I c

n’t m

ke

cl

im

hen th

t's not

ctu

lly coect. It might block some, but it

on’t block

ll. Getting

l

ye

involved. ong>

shley

od

iguez<

st

ong> : 10:03 You

e

en't out fo

eek, you’

e out fo

hile.

ong>J

son

uen<

st

ong> : 10:06 Yes, yes,

bsolutely. Th

t's Th

t’s

hy these c

ses

e going to be p

etty c

itic

l fo lot of ou

loc

l sm

ll business o

ne

s

c

oss the n

tion bec

use of the g

e

t

nd unp

ecedented losses th

t they e f

ced

ith du

ing these times. So to

ns

e

you

question, yes, p

ob

bly good ide

to get involved ely l

te

. ong>

shley

od

iguez<

st

ong> : 10:27 Ok

y, so just going th

ough

ll this I me

n, is th

t something th

t you

ould

ecommend th

t eve

y business should

e

lly kind of

eev

lu

te moving fo

d is thei

business inteuption insunce

nd eve

yone should p

ob

bly kind of h

ve it

nd see, you kno

,

h

t they c

n do moving fod? Bec

use I me

n,

e neve

kno

it could h

ppen. ong>J

son

uen ong> : 10:46

bsolutely.

nd if th

t’s

h

t insu

nce is fo

, you e t

king the

isk of these things h

ppening

nd putting them on someone th

t you’

e p

ying money to to cove

you fo

. you’

e tnsfeing th

t

isk to

nothe

comp

ny

nd these insunce comp

nies. Th

t's

h

t they exist. They exist to t

ke on this

isk,

nd to b

l

nce you

p

yments

g

inst th

t futu

e need. So I don’t

e

lly see us going into

o

ld in

hich these

e being these these events, these p

ndemics e h

ppening less f

equently.

nd h

ving mo

e

nd mo

e f

equently, you just look b

ck ove

the l

st 15 ye

s

nd see ho

m

ny times

e’ve been conf

onted

ith the

vi

n flu, S

S, COVID-19. These

e h

ppening mo

e

nd mo

e f

equently.

nd the insu

nce comp

nies kno

they’

e h

ppening mo

e f

equently.

nd they've

ctu

lly been plotting

nd pl

nning

nd

o

king on things like the vi

us exclusion since I think it s 2007 o

2006,

hen they fi

st kind of submitted some l

ngu

ge

bout th

t inte

n

lly. So ye

h, it's something you need to conside

you

business o

ne

. It's

bsolutely something moving fo

d.

ong>

shley

od

iguez ong> : 11:50 Ye

h, I me

n,

e don’t kno

h

t's gonn

h

ppen no

. Is the

e

nything else th

t

e h

ven't cove

ed, J

son th

t you think

business o

ne

should knobout

business inte

uption l

suit o

insunce?

e

d you

policy,

e

d you

policy,

etu

n policy

etu

n policy. I c

n’t cove

th

t enough. Th

t is the fi

st step

nd the most impo

t

nt step, check out

h

t's in the

e

nd

ll the possible options th

t you h

ve. You p

id fo

it, it

s supposed to give you secu

ity.

lot of the times the comp

ny is t

ying to get out of it bec

use they h

ve too m

ny people m

king cl

ims. So they've got to deny some people

nd the ones th

t e going to deny e going to be the ones th

t

en’t t

ying hd

nd

e

d thei

policy. So th

t’s

e

lly

he

e my fi

st suggestion comes f

om. It’s going to be if you t

ke nothing else out of this

t

ll, if you h

ve

puzzling oldest policy,

business o

ne

s policy fo

business inteuption, specific

lly business inte

uption insu

nce policy,

e

d it cove

to cove

, m

ke su

e you

e

d the enti

e thing,

nd t

y to m

ke

cl

im fo

eve

ything th

t you c

n unde

it, ot le

st t

lk to

l

ye

bout.

ell, th

t sounds good. M

ke su

e y’

ll

e

d those policies

nd th

nk you fo

listening. To B

e

king Do

n the L. If you h

ve

ny mo

e questions

bout

business inte

uption cl

im deni

l l

suit, ple

se cont

ct us

t <

h

ef="https:

/

.cinju

yvictims.com”>

.cinju

yvictims.com > o

<

h

ef=”tel:2817833934″>281-783-3934 >. Th

nk you.

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