COVID-19

BUSINESS INTERRUPTION CLAIMS & COVID-19

The news on all networks have been filled with information on the now declared pandemic of the Coronavirus or COVID-19. It is possible for your commercial property insurance to extend coverage to include coverage for loss of business income due to a closure of your business caused by a covered peril. A communicable disease like the Coronavirus may not be a covered peril, but you should not allow that assumption to keep you from taking action.

First, it is critically important to report all claims and potential claims to EACH AND EVERY CARRIER whose policy might apply to your loss. This includes CGL, Personal lines, Umbrella, Excess, Workers Compensation, Specialty and any other policy you may have.

Second, you need to determine whether you purchased business income coverage. If you don’t find the coverage in your policy description, be sure to call our office.

Third, if your business closes due to the Coronavirus, it is important to know (again) that communicable diseases typically are not a covered peril that would give rise to insurance benefits for loss of income. It doesn’t matter if the loss of income is just from a downturn of business due to the loss of many customers or the actual closure of your business. However, you should still report all claims and potential claims.

As always, we are accessible to address any questions or concerns you may have. However,
if you are ready to file a claim, we urge you to take advantage of the online property claim
form we’ve setup on our website that is instantly sent to your Account Executive upon
completion.

We remain committed to delivering the best possible service we can to our customers and
will continue to provide updates that may impact you.

Stay healthy and stay safe.

SAMPLE LIST OF DOCUMENTATION FOR BUSINESS INTERRUPTION CLAIMS

Good claim documentation is one of the key factors to claim settlement. AWS Insurance has compiled the below sample list to help you get a head start on your Business Income/Interruption Claim.

• Description of physical loss or damage to premise(s)
• Time and origin of the property damage/destruction
• Monthly Profit and Loss Statements
• Monthly and Daily Production Reports
• Monthly Inventory
• Monthly Cost Accounting Reports
• Invoices and Purchase Orders
• Accounting records
• Payroll records and other Important Documents
• Government Notices of Shutdowns
• Historical Production and Sales Records
• Lost Sales Projection Model
• List of Expected Expenses
• Receipts
• Annual Budgets and Forecasts
• Profit and Loss Statements
• Tenant Leases

AWS Insurance

UNDERSTANDS WHAT IT IS LIKE

to be overwhelmed by insurance regulations

AWS Insurance was formed in 1987 and is directed by its managing partners Frank “Buster” Seeling IV and Michael Seeling. A well-trained staff of 15 personal and business Customer Account Managers assists them as well as 8 Account Executives.

We serve the entire Gulf Coast region through our Metairie, LA office, providing home insurance, car insurance, individual and group health insurance, flood insurance, life insurance, and liability insurance to our clients with national and international interests.

AWS Insurance pledges to work with you to find the best solution for your situation.

AWS Insurance

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Call Us Today 1-800-375-5563
New Orleans 504-883-4111

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4501 W. Napoleon Ave. Suite 200
Metairie, LA 70001

Please complete the form below to start your free consultation and price quote. Thank You.


Melinda Martin

Account Executive

Melinda began her insurance career in 1985 with Alexander & Alexander where she received her Property & Casualty and Life & Health license. Since then she has worked at various agencies in the New Orleans area and in California as a senior account manager for Employee Benefit Plans.  While in California, she was also the Membership Director for the Burbank Chamber of Commerce. Melinda joined the AWS team in July of 2015.

Michael A. Seeling

Vice President

Graduated from the University of Louisiana at Lafayette with a B.A. in Insurance Risk Management and is a graduate of Archbishop Rummel High School in New Orleans. He joined AWS in October of 2008 and has been awarded the Patient Protection and Affordable Care Act Certification (PPACA). Additionally, he is working towards his Certified Insurance Counselor (CIC), Registered Health Underwriter (RHU), and Registered Employee Benefits Consultant (REBC) designations. He is also a member of the National Association of Health Underwriters (NAHU), National Association of Insurance Financial Advisors (NAIFA), and is an active member of the Fore!Kids foundation.