Business insurance claims are a type of formal notice to an insurance company that you have suffered a loss that you believe entitles you to compensation.
Once you file a claim, your insurance company is required to investigate it and then compensate you for the financial harm you suffered, assuming the payment is warranted under the terms of the insurance policy.
Types of Small Business Insurance Claims
There are many types of small business insurance claims. Broadly speaking, they fall into the following areas:
- Property damage
- Liability
- Business interruption
- Bodily injury
- Disability (workers’ compensation)
Insurers must comply with the claims requirements of their state’s insurance statutes. This involves working with claimants (insureds and other parties who are requesting claim payments) fairly and in good faith. Some specific duties include:
- Handling the matter in a reasonable amount of time
- Settling claims equitably under the terms of the insurance policy
- Not denying claims without due cause
- Providing reasons for claim denials
- Providing a process for consumers to appeal claim denials
Your Business Owners Policy is a package of insurance coverage that insures against losses suffered in many ways which are unique to your business. Your retail possessions, those of your clients, your building and its fixtures are all exposed to loss. Do you have the time to fight for their fair replacement costs? We can help you maximize your business insurance claims and get your business up and running again!
SCHEDULE A FREE CONSULTATION
“PUBLIC LOSS ADJUSTERS CAN NEGOTIATE A PAYOUT THAT IS 20% TO 60% HIGHER THAN YOU CAN GET ON YOUR OWN.”
We can help by documenting the damage and estimating the replacement and repair costs. Public Loss Adjusters can help you. We will document your loss and create a detailed estimate in a language that the insurance company understands. We use facts, figures and your own policy language to aggressively advocate on your behalf for a higher claim payment.
DON’T TAKE OUR WORD FOR IT, HEAR FROM OUR CLIENTS
Es una compañia con mucho carácter profesional. Ellos manejaron todo con la aseguradora con su conocimiento mucho mejor a que si lo hubiese hecho solo. Tengo mi dinero y me sobro. Ninguna queja. Gracias PLA!
~Marco V.
I recommend Public Loss Adjusters without hesitation! I finally hired them after being overpowered by the insurance company. I couldn’t take their insistence in declining to pay fairly. They secured the settlement and we got their asking price.
~Beverly M.
