Navigating through proof of loss requirements during the COVID-19 pandemic

In some states, an untimely proof of loss submission will not result in forfeiture of coverage, unless the insurer suffered actual prejudice from the insured’s delay. However, some states do not require a showing of prejudice when an insurer relies on the late submission of a proof of loss to deny coverage. (Credit: nito/Shutterstock)

As businesses begin to reopen, companies face the difficult task of getting their operations back to normal. For some, this includes navigating the claims process for their business interruption insurance claim relating to COVID-19.

Having a basic understanding of specific post-loss obligations set forth in most commercial property insurance policies can expedite the claims process. One example is the proof of loss requirement, which can arise early in the claims process. Businesses may have a variety of questions about the proof of loss necessary to recover under an insurance policy.