One of the most common and complex questions we hear from Texas business owners is: “How do I figure out what my insurance company actually owes me?” The answer lies not only in the policy itself, but in careful financial calculations—and that’s where most claims can go sideways without the right help.
Business interruption insurance is designed to restore your business to the financial position it would have been in had the disruptive event (like a fire, flood, or hurricane) never occurred. But calculating that number isn’t as simple as looking at last month’s profit and loss statement.
What’s Included in the Calculation?
Every policy is different, but in general, the following are often covered:
- Lost profits during the period of interruption
- Fixed operating expenses such as rent, payroll, and utilities
- Costs to relocate and reopen your business elsewhere
- Expenses to restart operations, like marketing and advertising, to bring customers back
Here’s the catch: Many insurance policies contain detailed instructions or formulas for calculating these losses—and most business owners understandably aren’t experts in forensic accounting. That’s why working with a legal team experienced in business interruption claims is crucial.
At McLaurin Law, we combine our legal knowledge with financial acumen to analyze your losses, apply the policy’s terms accurately, and help maximize your recovery. I even worked as an economist before becoming an attorney, so I understand both sides of these complex claims. When needed, we also bring in forensic accountants to build strong, numbers-backed claims that can hold up in negotiations or court.
FAQs
Q: Can I calculate the amount I’m owed on my own?
A: You can try, but most business owners find the policy language and formulas difficult to interpret without legal or accounting support.
Q: What if I’ve already submitted a claim and it was denied or underpaid?
A: We can review your claim, assess your losses independently, and challenge the insurer’s decision if necessary.
Q: How much does it cost to speak with your firm?
A: Consultations are always free.
📞 If you’re unsure about what your business is truly owed, don’t guess. Call McLaurin Law today for a free consultation—we’ll help you uncover the full value of your claim and fight to get every dollar you deserve.
