Running a business comes with many risks. To minimize these risks, insurance can help. Coverage for business interruptions – whether due to natural calamities or property damages – enables your business to recover losses due to such events.
Unfortunately, filing a claim is not always a straightforward process. Most insurance companies deny a claim due to unclear policy limitations.
A denied business interruption claim should be the least of your worries, especially when your business still faces problems. Rather than deal with your insurance company alone, let a business interruption claim attorney from McLaurin Law thoroughly review your policy.
The lead attorney at McLaurin Law previously worked as an insider for insurance companies. With industry knowledge and legal experience, our team can assist you to:
Commercial establishments that maintain an office space would find a business interruption policy necessary. Generally, business interruption insurance covers losses incurred during calamities that affect the structure of the office building. These include natural disasters like hurricanes, floods, and earthquakes. It may also include fires and property damage caused by accidents and violence.
It is important to note that a basic business interruption policy will only cover losses incurred from when the office is destroyed until the property is fixed and deemed usable.
To claim coverage, the insured business must prove that operations were interrupted due to property damage caused by calamities, fires, and other covered threats. And as a result of the interruption, the business incurred losses.
Many insurance providers are notorious for denying claims, even though the policy clearly covers the incident. If this happens to you, you should first consult a business interruption claim attorney.
An attorney can help you review the policy and determine if there are merits you can use to file a valid dispute. Appealing the denial is also an option. Litigating the denial could be possible, though this is merely a last resort. If you want a personal consultation and discuss strategies, give McLaurin Law a call today and consult with our Houston business interruption claim attorney.
While a basic business interruption policy only covers losses incurred in the event of property damage, some providers offer additional coverage. This coverage comes at a higher price, of course.
Extended business interruption packages provide more comprehensive coverage. Aside from covering business losses due to property damage from calamities, fires, and man-made threats. Comprehensive policies may cover losses due to logistical problems. So, if your business has incurred losses due to problems in the supply chain, then the insurance would cover it. Consult our Houston business interruption claim attorney to know what’s best for you.
Losses due to the pandemic have been a contentious issue as far as business interruption policies go. Many businesses have tried to claim for losses incurred from COVID-19 restrictions. However, insurance companies assert that the policy does not cover pandemic-induced losses.
Prevailing jurisprudence, however, agrees with insurance companies. The business interruption must be caused by “direct loss to property at premises,” which does not contemplate social restrictions due to a pandemic.
New policies may cover losses due to COVID-19, though. It’s best to check with your current provider or contact our team at McLaurin Law to get guidance.
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Typically, the answer to this is absolutely not. Insurance companies are looking out for their own best interests and will try to get you to settle for an offer that is far below what you deserve. At McLaurin Law, we can help you seek an appropriate settlement.
After an accident, you should typically file a claim with the insurance provider of the negligent party who is responsible for your accident. It is important that you move with haste in filing a personal injury claim with the insurance carrier after an injury has occurred. Should a lawsuit eventually become necessary, it is also important to keep in mind that in the state of Texas, you must file a personal injury lawsuit within two years of the date the injury occurred.
Below are some frequently asked questions about Theft and Vandalism Claims:
Commercial insurance policies often cover losses due to vandalism, or the intentional destruction or defacement of property, but will not cover theft or burglary losses. This can be particularly complicated in cases where vandalism leads to the theft of certain items on the premises.
Homeowners’ and renters’ insurance policies generally cover vandalism and theft for residential properties. If you own your home, your homeowners’ policy will cover damage to the structure and your contents or personal belongings. If you rent your home, the property owner’s policy will cover damage to the property, while your renters’ insurance will cover your personal belongings inside the home.
Insurers often don’t like paying claims for damages sustained by their policyholders. They may assess the risks associated with your home or business location and income levels and adjust their coverage limits, so they have a decreased responsibility to pay for damages due to theft or vandalism.
For commercial policyholders, your insurance company may require you to minimize the risk of vandalism or theft. Your insurance company could require you to install security cameras and devices, advanced locking systems, and appropriate lighting. Your insurance company could still require higher coverage limits if your business is in an area that reports an increased number of thefts or vandalism.
There are several reasons your insurance company might deny a claim. A vandalism and theft attorney from our office can help you review your policy and claim denial to determine the following:
A theft and vandalism lawyer with our firm can help you determine which losses listed in your policy best fit the situation and file the appropriate evidence for your claim. Your theft and vandalism claims attorney can also speak with the insurance adjusters on your behalf. Call us at (713) 461-6500 when you need more than luck!
Below are some frequently asked questions about Wind and Hail Damage Claims:
You will need evidence that the damage your home sustained came from wind or hail.
Common signs of wind and hail damage include:
Get an inspection if you suspect your home sustained damage during a recent storm. Roofing contractors with certifications in home inspections will often be willing to mark and take photos of the damage they identify during inspection of your home and roof. A wind and hail damage attorney with our firm can use their reports to fight for approval of your claim with your insurance company.
Call our McLaurin Law wind claims attorney if your home shows signs of wind damage after a hurricane, tropical system, or particularly windy day. We can help you file your claim with your insurance company and represent you when the insurance company’s claims adjuster has additional questions.
Many insurance companies try to deny or underpay claims based on arbitrary rebuttals. For example, if you have both wind and hail damage, they may reject a portion of the claim because you filed a wind claim.
Hail damage often affects roofs more than any other part of the home. Sometimes hail only damages part of a roof, requiring a simple repair. Other times, you’ll have enough roof damage to require a full roof replacement. A McLaurin Law attorney can work closely with your roofer and insurance company to fight for full claim approval.
Insurance companies often deny claims despite ample evidence of legitimate storm damage. When this happens, the next step is to file a lawsuit against the insurance company with the guidance of a wind and hail damage claims attorney. If your insurance company denies your claim, contact us. Call McLaurin Law in Houston, TX, at (713) 461-6500 when you need more than luck!
Your number one priority should be your well-being. Seek out medical advice as soon as possible to ensure that you get the treatment you need. You should also move quickly to consult with an attorney to assist you with your personal injury claim. Critical events occur early in the personal injury claims process—such as interviews with adjusters and early damages assessments—so do not delay speaking with an attorney.
Browse our growing library of multimedia educational content to better understand the rules and processes involved in your Texas injury case or insurance claim. Review the items relevant to your issue, and let us know your questions.
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