In the UK, 400,000 small businesses will finally receive payouts following the first COVID-19 lockdown in early 2020. The payments are a result of legal action taken by the country’s Financial Conduct Authority (FCA) concerning the wording of insurance policies. Many businesses that were either forced to shut down permanently or struggled to remain afloat amid the global pandemic had their business interruption insurance claims denied when their insurers refused to cover losses sustained during coronavirus lockdowns. As many as 60 insurers were part of this ruling, including Arch, Argenta, Hiscox, MS Amlin, QBE and RSA.
Many establishments in the U.S. are facing similar struggles, including Orangetheory Fitness franchisees and similar boutique fitness chains. Many Orangetheory Fitness franchisees have filed lawsuits to fight their denied insurance claims and seek compensation.
Did Your Orangetheory Fitness Studio Lose Revenue due to the COVID-19 Shutdowns? Was Your Insurance Claim Denied?
Grant & Eisenhofer P.A. represents Orangetheory Fitness franchisees fighting their insurance companies for payouts entitled to them following coronavirus closures. For a free consultation, call us at (866) 290-4154 or by filling out the contact form.