Having trouble paying rent or meeting other contractual obligations?
You may be able to legally avoid paying rent or meeting other contractual obligations during the COVID-19 Crisis.
If interruptions in your business or income caused by the COVID-19 pandemic have made it difficult to pay rent or meet other contractual obligations, review your contract to determine whether these unprecedented circumstances may offer relief. Many contracts contain a “force majeure” clause, which can cancel or suspend contractual obligations when inability to meet those obligations is caused by factors beyond one’s control. If you need help reviewing your contract to see if you are entitled to such relief, contact Van Cleave Law today.
Van Cleave Law strives to be here for you, your family, and your business during these trying times, and always.
Is there Insurance Coverage for Business Losses Caused by the COVID-19 Pandemic?
Many commercial property insurance policies include coverage for “business interruption”. Coverage can potentially apply when your business suffers a loss because of direct impact on your business; and/or because of indirect losses resulting from impact on a supplier (contingent business interruption coverage). In Mississippi, many commercial property policies are “all risk” policies, which provide coverage for any loss not specifically excluded. Other “named risk” policies may only provide coverage for risks expressly named in the policy. Business owners facing losses caused directly and/or indirectly by this pandemic should review their policies carefully to determine whether coverage for such losses is provided by their insurance company.
Van Cleave Law is available to help review policy language and advise about potential coverage, and/or to represent you against the insurance industry if proper claims for coverage are wrongfully denied. Feel free to contact us with any questions or concerns today.
Van Cleave Law strives to be here for you, your family, and your business during this crisis, and always.