Business owners across America have suffered catastrophic losses as a result of the COVID-19 pandemic. As a business owner, you’ve probably already experienced the frustration of being told you are not covered for business interruption claims because of “Pandemic Exclusion” within your policy, but are you aware that coverage could be available in other sections of the policy? The carriers are directing you to see only what they want you to see.
We see through that, and our team of industry leaders is using their knowledge of the insurance industry to help improve insurance claims outcomes.
Many of our members are business owners who:
- Had their Covid-19 claims denied
- Suffered unquantifiable Business Income loss
- Incurred extra expenses
- Want guidance on duty of care and best practices
- Want access to discounted risk mitigation services and products
- Want informed access to qualified attorneys
If you are a business owner and want to find yourself in first position to take advantage of any insurance industry bailout, or if you’re concerned about future losses you may incur as a result of liability to your customers and employees, you should join Observatory today!
CEO Gerry Kennedy
What is a Reservation of Rights?
A longstanding practice in the insurance industry is for the carrier to send a “Reservation of Rights” letter while they are seeking a reason to deny coverage. A Reservation of Rights is a legal document prepared by lawyers to notify an entity about their coverage. When a carrier sends it to an insured, they do so stating that the claim may not be covered under the existing policy, but they are going to conduct a further investigation into the matter. At Observatory Strategic Management, we are flipping the script on the industry and offering our members a method to send their carriers a Reservation of Rights letter, pre-emptively affirming coverage and placing you at the front of the line for any future claims or bailouts.
As a leader in the industry, I strongly recommend that you sign up for a membership today and send your Reservation of Rights as quickly as possible. We know you are owed for your business interruption losses. You can put yourself in first position with the backing of our industry leaders, or you can calmly sit by and accept the loss of your business and your dreams.
Your Existing Policy…
Results Driven Professionals.
review your policy for wording that either implicitly or explicitly grants you coverage. Insurance carriers offer contracts of adhesion but oftentimes seek to reject coverage based on one area of the contract rather than affirm coverage based on another. Our team can help you improve the likelihood of an affirmative response.
Observatory Strategic Management has worked with legal professionals to develop the documentation and strategy that offers you the best chance at a successful insurance claim outcome.
is what we offer. We have helped many people in the same position as you take a bad situation and improve it. While our program can be effective after a rejection occurs, for highest chance of success we recommend registering as a member and filing your reservation of rights and likely a first notice of loss after our team has reviewed your policy.
We have a proven track record of working with clients to obtain claim recoveries. We are insurance professionals, and we have seen first-hand on countless occasions the methods carriers use to reject a claim. We will help you point out the areas of your policy that affirm coverage. We will help you improve your outcome.
small business protection
We specialize in getting small businesses the claims recoveries they are entitled to. Be they Business Interruption, Extra Expense, Third Party Liability, Employers Liability, Workers Comp. or Directors and Officers, if your carrier can deny the claim, they will. By deploying our deep understanding of insurance language and helping to confront insurers and hold them accountable we keep our members in the game.
Are set in their ways and need help to remember that consumers are their lifeblood. Without claims, nobody would need insurance! We encourage the separate divisions within insurance companies to open a dialogue. A property damage and/or extra expense claim denied becomes a much larger loss under the liability section and the cost of carrying those reserves can lead to solvency issues so why not apply common sense, appropriate response, and cooperative intent to systemic catastrophes – be they pandemic, cyber or environmental.
* Observatory Strategic Management will file a reservation of rights document for up to five separate policies under the member agreement. Other policies can be reviewed and submitted on an as-needed basis at a reduced cost.