Archives: FAQs

Why should I choose you over other firms?

The Cobos Law Firm and the Ammons Law Firm pooled our experience and resources to provide the best possible representation for businesses who seek to file a business interruption claim. Andrew Cobos is a West Point graduate and U.S. Army combat veteran. His firm fights insurance companies every day.

The Ammons Law Firm is a top-tier trial firm with a solid track record of success, including Rob Ammons’ $82.5 million-dollar verdict in the Texas Verdict Hall of Fame.

Collectively, we focus on providing top-notch legal representation while promoting the highest ethical standards and achieving superior results.

How much will it cost to represent me?

We represent clients on a contingency fee basis. This means you pay no upfront costs and we only get paid if we win your case.

Our fee is 33.3%, which is a fee that is substantially lower than many (if not most) law firms handling business interruption insurance cases. We know that the viability of your business requires as much capital as possible in the post-coronavirus era. As such, we strive to get you the largest recovery possible.

Can You Represent Me if My Business is in a Different State?

Will Cobos Law Firm Represent Me if My Business is Out of State?

The answer is YES!  I need a brilliant lawyer that will represent me if my business is out of state. Well, Cobo Law Firm Houston has thousands of clients in different states and represent these clients in Courts all over the United States.

Moreover, these cases may be consolidated into a single Court in a particular state. In such a case, our attorneys file for admission in that Court and represent you in any state. Contact Cobos Law Firm today for a free consultation 

Can Cobos Law Houston Represent Me if My Business is Out of State

How do I file a legal action against my Insurance?

Initiating legal action requires hiring an attorney to file a lawsuit against your Carrier to enforce the insurance policy.  The recovery of certain damages also requires a “notice” letter, which is a process that is straightforward for an experienced insurance coverage attorney.

You can see if you qualify and file a legal claim completely online .

Do I need to file a claim before seeking legal action?

No. It appears that many Carriers are denying business loss insurance policies as a matter of course. Honoring these policies would put them in a precarious financial position, and they have choses to safeguard their business instead of yours.

A business owner certainly has the right to file a claim but doing so is likely to result in unnecessary (and potentially costly) delay.

Why is my Insurance Carrier Denying my Business Loss Claim?

In most cases regarding business losses from coronavirus, insurance companies are doing what they do best: denying claims.  Most of these denials are likely made in bad faith for the overriding purpose of profitability for the insurance company.  After all, insurance companies follow a simple business model built on maximizing their profitability:

Revenues (i.e. premiums) – Overhead (i.e. expenses) – Claims Payouts = Profits

By denying business interruption claims—even if such claims are proper—insurance companies can increase profits. Given such bad faith practices, it is no wonder why The Hartford’s market cap is currently $12.7 Billion, Allstate’s at $32 Billion, and AIG’s an impressive $72 Billion.

The insurance company, of course, cannot state that outright denial is their objective from the start. For this reason, they will find language in the policy that they claim excludes the policy from being effective. The exclusions they will point to often concern viruses, bacteria, and micro-organisms, but rarely, if ever, do they interpret these provisions in a light favorable to the policyholder, even when the explicit language in the policy covers government shutdowns.

Is COVID-19 Excluded From Coverage in My Insurance Policy?

Is COVID-19 Covered Under My Insurance Policy?

Do you have coverage for COVID-19?

Insurance coverage for COVID-19 has become a thought in the forefront of many people’s minds. First, it is helpful to define the term “exclusion.” An “exclusion” is a provision that negates insurance for some type of risk in the insurance context. Exclusions narrow the scope of what the Carrier is obligated to cover. Sometimes the insurance agreement uses comprehensive language. Carriers use exclusions to carve away coverage for some risks they are unwilling or unable to insure.

In the COVID-19 context, some commercial insurance

e policies include language that expressly excludes coverage for damages caused by bacteria, viruses, or microorganisms. This could mean that there is no insurance coverage for COVID-19 on your policy.

The primary things that you should look for in a commercial policy are:

    1. Business interruption coverage
    2. Civil authority coverage
    3. Microorganism coverage
    4. Any coverage exclusions

do i have insurance coverage for Covid-19

Do I have Business Loss Insurance?

It is likely that if you have a commercial insurance policy, you have some form of business interruption insurance. Most commercial insurance policies are lengthy and account for some type of business interruption coverage, even if this point was not specifically negotiated during the purchase of the policy.

What is Business Interruption Insurance?

Business Interruption Insurance (also known as “Business Loss Insurance”) is a type of insurance coverage that business owners purchase to cover the loss of business income following a business interruption, such as a natural disaster or pandemic.

Whereas property insurance typically covers physical damage to a business, business interruption insurance covers the profits that a business would have been earned if not for the interruption. The intent of business interruption insurance is to put a business in a similar financial position as it would have been in without the interruption.

Although all insurance policies differ, many business interruption insurance clauses cover:

    1. Lost profits
    2. Fixed costs
    3. Temporary relocation
    4. Taxes
    5. Additional expenses