Business Interruption Insurance in Rockport

There are many things you are able to control in life; however, one thing you will never be able to control are natural disasters. Recently, Hurricane Harvey crashed into Texas, destroying Texas gulf towns including Port Lavaca, Rockport, Port Aransas, and other small towns along the gulf coast. Hurricane Harvey is said to be one of the worst hurricanes to hit Texas in the last decade, leaving thousands Rockport residents without homes, cars and businesses.

As a business owner, every day that your business operates is crucial to your return on your investment and essential to keeping things running smoothly. Unfortunately, the damage caused by unpreventable natural disasters can have long-lasting negative effects on your business. According to the Insurance Institute of Business and Home Safety, at least 25 percent of businesses that close due to natural disasters do not reopen. Oftentimes the physical and financial impact results in business owners ruling their operation as a total loss.

Since natural disasters are unpreventable, taking the correct measures to ensure your business is protected can not only protect your physical business, but protect your livelihood as well. Enter business interruption insurance.

Business interruption insurance is a type of insurance that covers the loss of income that a business may suffer after a natural disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster. In a scenario such as Hurricane Harvey, which devastated the majority of Rockport, business owners who had business interruption insurance in Rockport have a chance of recovering the money lost by business closures and may gain the finances to repair what is needed in order for their businesses to reopen. A Rockport hurricane insurance claims lawyer will also be able to offer professional legal advice on exactly how to proceed with your business insurance in Rockport as well.

So what does business interruption insurance in Rockport cover?

Typically, business interruption insurance helps cover and protect your lost earnings in the event that a natural disaster has resulted in your inability to operate your business and helps you to recoup any losses you may experience as a result of your business closing. In some cases, it also can help you to pay for any expenses to keep your business running that you may run into For example, if a Rockport business owner has business interruption insurance and has to temporarily move their business location due to the extreme damage and flooding from Hurricane Harvey, and the new location has higher utility rates, the insurance may pay for the difference in utility costs.

Why should I hire a lawyer?

As with any situation involving insurance and insurance claims, the details of what your insurance is willing to pay for can become tricky. When a business interruption claim is denied, insurance companies can use a number of reasons to defend their decision. Most often, they make the mistake of undervaluing your business and the losses you have endured. Having an experienced attorney by your side in cases like this can increase your chances of gaining the compensation you deserve for the business that you’ve put so much hard work into.

A lawyer will work tirelessly to ease your stress and fight to recover any damages or losses in order to help you get back on your feet. In the event that the insurance company gives you a lengthy explanation using unfamiliar jargon stating that they will not accept your claim, a lawyer can help explain to the nature of the situation to you and help to find solutions to overcome obstacles.

To protect the business you work so hard for, obtaining business interruption insurance in Rockport is the key to get you and your family back on their feet after a natural disaster. The experienced team of lawyers at Carabin and Shaw are always available to help you with your Rockport hurricane claims. The first consultation is free, and our representatives make themselves available around the clock. Contact the lawyers at our local Rockport office at 361.790.7788 or toll-free at 1.800.682.1260 today.

Visits with the Attorney are by appointment only. Main office San Antonio, Texas.

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