How to File a Business Insurance Claim

How to File a Business Insurance Claim 

Whenever a business sustains a loss, whether due to a fire, theft, or natural disaster, the first thought is how the loss is going to affect business. The next thought is whether the event is an insured loss and how to get the claim paid promptly. The following tips can help to make the claim process easier and quicker.

  • Review your policy and understand what is covered
  • Contact your insurance agent to report your loss or damage as soon as possible
  • Follow up with a written claim
  • Protect your property by making temporary repairs
  • Get several estimates from reputable sources
  • Keep all damaged property until the adjuster has given the okay to dispose of it
  • Document everything by taking photographs or videos
  • Keep receipts for the repair or replacement of damaged property
  • Call the police if you have been the victim of a theft, robbery or burglary
  • Obtain a copy of the police report
  • Respect your carrier’s filing deadlines
  • Obtain qualified accounting assistance to evaluate loss of income or business interruption claims
  • Hire an independent appraiser to evaluate your claim, especially large claims
  • Keep a detailed log of all conversations held with your carrier
  • Hire an experienced attorney to prepare your claim to eliminate delays and avoid conflicts or disputes

Avoiding Conflicts

Claims conflicts often arise in insurance claims – particularly in large claims. While some of these conflicts have a basis in reality and can be anticipated, others are often fabricated in an attempt to impair or impede a fair settlement of the claim. Insurance companies have great notoriety for creating conflicts where there are none. Your business relies upon prompt payment of your insurance claim, and being aware of the following common conflicts can make the claims process easier to navigate.

  • Communication – failure to communicate, or poor communication, can result in someone being disappointed – often the policyholder. Make sure all communications are clear; send a confirming letter afterward to document the conversation – especially when there is ambiguity.
  • Valuation – differences over the value of the loss or damage can result in long delay. Hiring an experienced attorney and a qualified independent appraiser can get your claim settled quicker and for more money.
  • Interpretation – interpretation and scope of policy language can differ between parties. Once again, an experienced attorney can often resolve this quickly and to your benefit.
  • Expectations – preconceived or unrealistic expectations can lead to disappointment. Being familiar with the terms and limits of your policy can temper expectations.
  • Duty to defend clause – disagreements often arise over a carrier’s duty to provide a legal defense for the insured, particularly in malpractice claims. These disputes often involve disagreements over the depth and scope of coverage. Being familiar with the terms and conditions of your policy will go a long way.

Contact Zinda Law Group

If your business has experienced a loss, the attorneys at Zinda Law Group have the knowledge and expertise to guide your claim through the claims process successfully and quickly. We deal with carriers every day and we know how to negotiate a fair settlement. Contact us by phone, email, or via live chat on our website and let us handle your claim for you.

Where Zinda Law Group Practices:

We were founded in Texas and have a team of Austin personal injury lawyers as well as attorneys in Dallas and Fort Worth.

 As we’ve grown we expanded out west to El Paso, Texas subsequently into Arizona adding Tucson Personal Injury Lawyers to the firm, as well as adding offices in Colorado including Denver Personal Injury Lawyers and the surrounding cities such as Colorado Springs.

Types of Cases We Handle:

We also have a team of attorneys that have experience serious injury cases such as car accidents, wrongful death and truck accidents.   We also have experience handling more complex cases such as gas explosions and drug injury cases, such as the Taxotere® Lawsuits.