Investing in business interruption insurance is an excellent idea if you own a company headquartered in Houston, TX. The Space City has endured its fair share of natural disasters over the last 25 years, including Tropical Storm Allison in 2001 and Hurricane Harvey in 2017.
Business interruption insurance may be useful if your company is forced to shut down in response to a natural disaster. However, you might also need to contact a business interruption insurance dispute lawyer in certain instances to maximize your insurance policy’s impact.
Here is when to consider hiring an attorney to help settle business interruption insurance disputes.
You’re Dealing With a Denied Insurance Claim
Business interruption insurance is hugely helpful for Houston businesses that have to close down their operations in the aftermath of natural disasters. It might also work wonders for your business if it sustains property damage due to:
- Fires
- Accidents
- Acts of violence
However, many Houston-area business owners who have invested in business interruption insurance don’t have to file claims often. For this reason, they’re sometimes surprised to receive denied insurance claims in the rare instances when they need to file them.
Some business interruption insurance companies will deny claims, even when they’re justified. This is when you should contact a business interruption insurance dispute lawyer.
A business interruption insurance dispute lawyer will read through your insurance policy to ensure you have the coverage required to file a claim following a natural disaster or another incident. They will then communicate with your insurance company about the claim you filed and argue it should have approved your claim in the first place.
Your insurance company might not take you seriously if you attempt to do this alone. Hiring a business interruption insurance dispute lawyer may make this company think twice about denying your claim.
When a lawyer in your corner provides insurance claim assistance, it will show your insurance company that you mean business.
You’re Preparing To File an Insurance Claim Appeal
Your business interruption insurance company might reverse course and decide to approve a claim after being contacted by the lawyer you bring on board to provide legal representation. It might also dig its heels in and refuse to reach a reasonable insurance dispute resolution.
This is when you must begin filing a business interruption insurance claim appeal. Your trusted business interruption insurance dispute lawyer will lead the way.
They may improve your chances of filing a successful appeal and having your claim approved. They might also prevent the appeals process from significantly impacting your stress levels as you seek to put the pieces of your business back together.
You’re Facing an Insurance Settlement Dispute
Your business interruption insurance company might agree to provide a certain amount of money after you file a claim following a natural disaster. There is, however, a chance this money won’t cover your costs after being forced to halt your business operations for days, weeks, or even months.
In this case, you won’t need a business interruption insurance lawyer to help you appeal a company’s ruling. Instead, you must rely on an attorney to tackle insurance settlement disputes.
During a business interruption insurance dispute, legal counsel will negotiate with an insurance company to land you more money. They will present evidence showing that you should be entitled to a larger payout than your insurance company initially offered.
Contact Us To Seek Assistance From a Business Interruption Insurance Dispute Lawyer
Could you benefit from working with a business interruption insurance dispute lawyer? McLaurin Law, PLLC, will provide an experienced attorney to help you navigate the insurance claims process.
Reach out to us at 713-804-7598 today to schedule a consultation.
