As a business owner, your business is your livelihood. This is why it is critical to ensure that you receive a fair insurance claim payout following property damage. When it comes to commercial insurance claims, business owners need to be especially aware of certain rights and understand what’s covered and what’s not under the commercial insurance policy. By having a thorough understanding of your insurance coverage, you shouldn’t get short-changed in claim payments for losses from:
- Clean-up costs
- Demolition expenses
- Cancelled contracts
- Lost profits
- Payroll impacts
- Business interruptions
In order to guard against low-ball claim payments or denied insurance claims, business owners need to understand what coverage protections they have. Because there are many different types of business interruption coverage, such as time element coverage and extra expense coverage, it is important to understand the specifics of a commercial insurance policy. However, the language used in commercial insurance policies is often ambiguous.
Interpreting insurance policies can be difficult, to say the least, which is why it is important to have a professional skilled in policy wording look at your policy as soon as possible. An insurance claim attorney will be able to determine what insurance benefits you may be entitled to in order to maximize your recovery from the insurance company and ensure your business is protected against interruptions and losses. The Voss Law Firm can review your policy to determine what benefits you should expect. Call a skilled commercial insurance claim attorney today at 888-614-7730 for a complimentary consultation.