The Fears Nachawati Law Firm has filed a federal lawsuit on behalf of Graileys Fine Wines after a business-interruption claim filed by the business was denied by its provider.
Graileys is just one of thousands of businesses across the country that have suffered losses due to the COVID-19 pandemic. The highly acclaimed Dallas establishment, located in the city’s Design District, was shuttered after Dallas County authorities ordered all non-essential businesses to close in March.
While Graileys’ insurance policy included coverage for damages caused by interruptions such as business closures ordered by civil authorities, Hartford Insurance denied the claim.
“Like any responsible business, Graileys did everything it could to prepare for events like we’re experiencing right now,” said Fears Nachawati lawyer Matthew McCarley. “This business made sure it had coverage for interruptions and dutifully paid its premiums. Hartford is trying to make up an excuse after the fact and cite language not even in Graileys’ policy to reject this claim.”
Fears Nachawati has taken a leadership role working with businesses across the country that have seen their business-interruption claims wrongly denied by insurance companies. The firm is currently representing restaurants and other businesses in similar claims. While insurance industry watchdogs note that insurance regulations often fail to adequately protect policy holders, state and federal laws can hold insurance companies accountable, including assessing punitive damages that can result in triple monetary losses.
For more information, or if you or someone you know had a business interruption claim wrongly denied by your insurance company contact us here or call 866-210-4422.