According to statistics cited by BASF/Wyandotte in the Disaster Recovery Journal, 43% of businesses that close due to catastrophe never reopen, and 23% of those that survive are forced to close for financial reasons within the following five years. Even a short-term closure can have devastating effects on your books, and even if you do manage to return to business, the long-term consequences of your business interruption could continue to impact the success of your company for years to come. Business Interruption or Commercial Property Insurance can cover you in case a disaster strikes.
Any disaster can lead to structural damage to your place of business, damage to your business equipment or contents, lead to an interruption in your ability to conduct business, or result in a complete shutdown of your business, even if temporarily.
Most businesses have purchased insurance to protect their business in hopes that in the event of a catastrophe they will quickly be able to get their employees back to work and get back to business. Business owners understand that an insurance policy is just a contract. You paid your insurance premiums, which was your end of the deal, pursuant to your insurance contract. Now that your business has been damaged because of a catastrophic event, you file your claim and you believe that you will be paid quickly on your claim, which is what you believe is the insurance company's end of the deal. You need to get up and running. After all, you have employees that need to get back to work so they can support their families and you have clients that you are accountable to.
Unfortunately, getting your claim paid is almost never as easy as filing a claim and answering some questions for the insurance company. Before you know it you are in the middle of a quagmire of technical terms and ad nauseam requests for information from your insurance company all the while attempting to keep your head above water and sustain your business.
Your time is better spent working on sustaining your business. Not on fighting with the insurance company.
Insurance companies are in the business of making money. By delaying claims, insurance companies get to hold on to their money a little longer. Money that is invested somewhere earning them a return. As far as insurance companies go, the only thing better than delaying a claim is denying a claim.
Some of the issues that you may encounter during your claim include:
- Denied Claims
- Underpaid Claims
- Claims Delays
- Insurance Policy Language Disputes
- Requests for Examinations Under Oath
- Requests for Sworn Statements
- Requests for Recorded Statements
- Issues Related to Actual Cash Value
- Issues Related to Replacement Cost Value
- Issues Related to Business Interruption
- Florida's Valued Policy Law
- Recovery for Theft or Vandalism Damage
- Costs of Debris Removal Issues
- Contents Claims Issues
- Law and Ordinance Issues
- Fraud or Arson Accusations
- Total Loss or Constructive Total Loss Issues
- Appraisal or Appraiser Issues
- Umpire Issues
- Supplemental Claims issues
We help businesses with insurance claims resulting from damages caused by any of the following perils:
- Natural Disasters
- Water Damage: Plumbing/Pipe Burst/AC Leaks/Water Heater Leaks
You can reach Insurance Claims Lawyer J.P. Gonzalez-Sirgo by dialing his direct number at (786) 272-5841, calling the main office at (305) 461-1095, or Toll Free at 1 (866) 71-CLAIM or email Attorney Gonzalez-Sirgo directly at[email protected].