Fighting for Commercial Property Damage Insurance Claim Recovery
Business Property Insurance Law Attorneys in Texas and Florida
Property damage to your business can be devastating to your operations and bottom line. Commercial damage from hurricanes, lightning strikes, tornadoes, fires, flooding, water leaks, and other severe damage can result in a temporary or long-term shut-down of your business.
At the Professional Law Group, we have the legal expertise and resources to fight the insurance company that’s underpaid or denied your claim. Don’t let the insurance company withhold the funds your business is due. You deserve to have your business back to normal. Learn more about how we can help you by calling (800) 529-4141 or contacting us online.
There are no out-of-pocket expenses. We only get paid if you get paid.
What is the Business Impact of Property Damage?
There are some obvious impacts on your business when your commercial property gets damaged. Common issues include:
- Loss of time
- Loss of revenue
- Damaged utilities
- Structural damage
- Lost product
But what about the hidden side effects of the incident? You may also face business impacts like
- Elevated cost of operations due to the need for additional personnel such as security guards to monitor a business with broken windows or increasing staffing to perform maintenance.
- Replacement of critical equipment if water damage affected your IT equipment, cc-tv systems, personnel workstations, or other electronics.
- Building inspections to identify potential future risks after the repairs and how to mitigate them.
We understand the many ways that a commercial property damage claim can affect your business, life, and your employee’s lives. We also understand that you will want to get your business up and running as soon as possible.
The attorneys at The Professional Law Group add confidence and leadership to your claims process. Our extensive experience working inside of the insurance claims process allows us to approach every case with an Adjustor’s mindset. The difference is that we work for you, not the insurance company, so we will use our knowledge to get you the best possible outcome.
Five Critical Steps for Filing Commercial Insurance Claims
1. Prepare before the storm.
The best time to prepare for a potential insurance claim is before your property has been damaged. Start by reviewing your current insurance coverage to understand what will be covered if the worst happens.
You should familiarize yourself with your coverage, including types of damage, qualifying events, coverage amounts, your responsibilities, and so on. Contact us any time if you would like a complimentary review of your policy.
You can also join ReadyNow™, a free service offered by our firm to store all of your most important documents securely so that they are available when you need them. To get started, call our free Claims Helpline at 1 (800) LAW-4141.
2. Have an action plan.
The other half of advanced preparation is developing an action plan. You and your team should know exactly what to do when your business sustains property damage.
Answer questions like who your team should contact when damage occurs. How will you address on-site clients? What immediate steps will you and your team take to ensure that you are prepared for an insurance claim? We recommend documenting what happened as soon as possible to avoid forgetting important details later.
3. Document the aftermath.
When disaster strikes, you need to keep a folder containing all relevant documentation. This includes:
- Pictures and video of your commercial property’s damage.
- A call log of all events documenting who you have spoken with regarding your commercial insurance claim, what was discussed, the date of the conversation, and any outcomes from the conversation.
- All receipts. If you must make repairs immediately to stop further damage, like tarping a roof, or contacting a plumber to stop a broken pipe leak, keep the receipts. Make sure the receipt includes the company name, a service description, date, cost, and the name of the repair technician.
4. Keep damaged materials.
After completing repairs, technicians will typically throw away damaged materials. Do not let them! You should keep all materials related to your property’s damage instead.
Why? Your policy may require that you make damaged materials available for inspection. Even small widgets and plastic components may be important pieces of evidence in the insurance claim process. If roof damage to your property has produced broken tiles, keep those too. Carefully and safely pile them up on the side of your property until the claim has been settled to your satisfaction. If you work with our team of attorneys, they will let you know when it’s safe to discard all related debris.
5. Remember, anything you say can be used against you.
You have an obligation to tell the truth. You do not have an obligation to guess. Insurance policies contain many complicated provisions that can provide or take away coverage. Guessing about what caused the damage or using a common expression to describe something with a technical definition can give the insurance company a reason to deny your claim. It may pay to get professional help if you are unfamiliar with the field.
When it comes to commercial property damage insurance claims, the attorneys at The Professional Law Group handle all facets of the insurance claims process. Our team of experts will visit your property to properly assess all damage. Our Professional Law Group lawyers use their experience as adjustors to demand fair payment, handle the negotiations, and file a lawsuit if necessary. You may even be entitled to be paid for loss of business income by your insurance company.
Are you still unsure about the best way to handle your business’s property damage claim? Learn more about things like underpaid claims, mistakes to avoid, and insured events.
Can You File Insurance Claims for Business Interruptions?
Many business owners invest in insurance policies that will cover them if their regular course of business is interrupted. This is known as business interruption insurance, and it applies to various situations. Common examples of interruptions that are covered by these policies include unexpected closures due to:
- Natural disasters
If you’ve had to close your doors in the last five years due to an accident or natural disaster, you may be eligible for compensation for the funds you lost during that time.
We Get Things Done
At The Professional Law Group, our legal team is experienced at aggressively resolving new, underpaid, delayed, and denied insurance claims. Our mission is to help people whose businesses have been disrupted by property damage from an insured event, to get their lives back on track.