September 18, 2018
Over the weekend, Hurricane Florence caused substantial damage in many communities in North and South Carolina. Early estimates put the damages from Florence in the billions of dollars. These losses include both direct property damage as well as business interruption losses. In addition, many businesses outside of the areas of storm damage may experience lost revenue as a result of damage suffered by suppliers or customers whose operations were damaged by the storms.
As businesses begin the process of cleanup and recovery in the aftermath of Florence, insurance must be a priority. The following are key steps that businesses should take to ensure that they take full advantage of the insurance they purchased to protect them from catastrophic losses.
Our insurance recovery team at McGuireWoods has extensive experience in advising our business clients regarding disputes with insurers regarding property damage and business interruption losses arising from hurricanes. We have secured over $1.5 billion in recoveries for our clients since 2009 and welcome the opportunity to work with you to secure the maximum recovery for your insured losses following Hurricane Florence.