As a business owner, adhering to a strict bottom line is essential for maximizing profit. However, one area where you may not want to cut back is when purchasing commercial insurance in Houston. This type of insurance protects your business financially when a man-made or natural disaster strikes. Here are five important reasons for buying business insurance in Houston and how a Commercial Insurance Claim Lawyer can assist you.
1. Commercial Insurance in Houston Helps Pay for Property Damage
A primary function of Houston commercial insurance policies is to pay for any covered property damage you have. If a storm damages your building, it may also damage the fixtures, tools, equipment, and furniture inside the building.
Your property damage insurance should cover at least part of the costs for all these items. If your claim is denied or undervalued, a Commercial Insurance Claim Lawyer can help ensure you receive the full compensation you're entitled to.
2. Protection From Theft
If you own a retail store, theft can represent a significant source of loss for you. A policy for small business insurance in Houston can protect you from shoplifting losses as well as larger losses from burglary.
Whether it involves an employee committing financial fraud or a competitor stealing data through a computer hack, your corporate insurance policy in Houston can protect you from these and similar scenarios. Should you encounter issues with your claim, a lawyer specializing in commercial insurance claims can assist in resolving disputes with your insurer.
3. Protection in Case of Worker Injuries
Although the state of Texas does not require companies to carry workers’ compensation insurance, the state recommends having this coverage. Without workers’ comp insurance, one of your employees could suffer injuries while working for you and bring an injury lawsuit against the company if working conditions were unsafe.
With workers’ compensation insurance, however, your employee could seek medical coverage, and the insurer should pay for it. The insurance company potentially would provide some wage reimbursement for the employee, too.
Employees covered with workers' comp insurance cannot file injury lawsuits against the company. If your workers’ comp claim is denied, a Commercial Insurance Claim Lawyer can fight for your rights.
4. Protection From Liability
A key component to include in your various coverages is Houston business liability insurance. Having liability coverage protects you in case a patron, a contractor, or a similar person decides to bring a lawsuit against your business.
This type of insurance primarily works as protection when one of your products or employees causes injuries or property damage to another person. The insurer pays damages if the award in the lawsuit goes against your business.
If you face legal challenges in obtaining your liability claim payout, an experienced lawyer can represent your interests and ensure fair treatment from your insurer.
5. Protection From Business Interruption
As part of your commercial property insurance in Houston, having business interruption insurance can be helpful. Perhaps your business needs to shut down because of natural disasters or another reason outside your control.
Filing a business interruption insurance claim gives you payments while you work through the problem until you can reopen. Events that could lead you to file a claim include:
- Floods
- Hurricanes
- Tornadoes
- Fire
- Vandalism
- Theft
If your business interruption claim is contested, a Commercial Insurance Claim Lawyer can advocate for you to secure the necessary funds to maintain your business.
McLaurin Law, PLLC, Will Begin Working on Your Commercial Insurance Claim Case Today
Although purchasing a commercial insurance policy is essential, it’s just as important for the insurer to accept your claims and pay you in a timely manner. If you are struggling to convince your commercial insurance company to send you a loss payment, you may want to consider hiring a lawyer for an insurance claim.
At McLaurin Law, PLLC, our attorneys for commercial insurance in Houston can provide advice and legal representation against the insurer. We will start working on your case as soon as you choose to hire us. To schedule a consultation, call us at 713-804-7598 today.
