MAUI WILDFIRE BUSINESS LOSS RECOVERY

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The first thought is naturally for the individuals suffering personal injuries and families suffering wrongful deaths in the awful Maui wildfires. Beyond the terrible human suffering, individuals and families have also suffered substantial property loss and damage. Yet businesses have also suffered devastating losses, beyond the loss of residential property and personal effects.

If your business has suffered any form of loss in the Maui wildfires, including either damage to business property or simply business interruption loss, contact the Lento Law Group’s skilled and experienced attorneys now. Don’t delay. Call 833.536.8652 or reach out to us today for a free consultation.

Maui Wildfire Business Loss Claims

The Maui wildfires have certainly destroyed retail, commercial, office, industrial, and other business properties. The wildfires have destroyed commercial buildings, vehicles, supplies, inventory, and equipment. The wildfires’ destruction of business property and public utilities, the closure of roads, and the interruption of other services, is also causing a daily loss of business income and profits, adding to the business owner’s Maui wildfire losses.

Limited Business Insurance Recoveries

If you are a business owner whose property the Maui wildfires damaged or destroyed, then you may well have property damage and business interruption loss insurance. But even if you have property damage and business loss insurance, your insurer may already be denying your claim or may cover only part of your loss. And if you do not have property damage insurance, then you won’t have a direct contractual recovery for that loss at all.

Other Theories of Recovery for Maui Wildfire Business Loss

Insurance, though, may not be your only course for financial recovery of business loss. You may have a right to recover all your business loss, even that loss that insurance does not cover, through negligence, gross negligence, products liability, and similar tort claims. Evidence is already mounting regarding old, outdated, and unreasonably dangerous electrical lines and equipment that may also have been improperly located and maintained, causing the wildfires. Public officials may have unreasonably failed to notify business owners to protect their buildings and move vehicles, trailers, supplies, inventory, and equipment. And the local government may have failed to properly suppress the fire using available equipment or failed to reasonably maintain hydrants, water lines, and other equipment.

Who Might Pay for Maui Wildfire Business Loss

If your business insurer does not pay all of your business loss, then one or more of the public and private entities responsible for the wildfires may owe you a right to full recovery. Those entities may include Hawaii Electric Company and its parent Hawaii Electric Industries, Maui Electric Company, the County of Maui, one or more local municipalities, and contractors providing services and equipment to those entities.

Maui Wildfire Business Loss Attorneys