Business Interruption Claims
Houston Insurance Claim Attorneys
While the last thing you want when you purchase an insurance policy is a reason to use it, you pay monthly premiums to keep yourself safe from financial ruin. If an outside force disrupts your business, and you have business interruption insurance, you should be able to use it. Unfortunately, business interruption claims frequently coincide with natural disasters, and insurance companies are notorious for handling these claims poorly.
If your insurance company delays, denies, or otherwise interferes with a valid business interruption claim, they may be acting in bad faith. At Webster Vicknair MacLeod, we can help you hold your insurer accountable for their misdeeds and receive the coverage you paid for.
Business interruption insurance covers lost income when your company has to vacate the premises due to disaster-related damages. Your policy should compensate you for profits you would have earned and operating expenses that continue whether or not your business is operational.
Most policies cover physical loss and damage related to natural disasters like fires, floods, hurricanes, and earthquakes. To claim coverage, you will have to prove property damage and show how your income is affected by the temporary loss of your business.
You will also have to make sure that the type of damage your business sustained is covered by your policy. Some policies allow coverage for infectious diseases, for example, but others do not. In many cases, a policy will not specify whether or not a specific disaster is covered, and you will have to depend on the language of your contract to determine if a claim is allowed.
Our Houston insurance claim lawyers at Webster Vicknair MacLeod can help you navigate the terms and language of your policy and compile the documentation you need to make a valid claim.
All insurance companies are bound by the implied covenant of good faith and fair dealing, which requires them to uphold the contractual agreement they made with the insured (you). If they fail to meet the terms of your agreement, they are acting in bad faith.
Some bad faith tactics insurance companies use include:
- Intentionally misrepresenting the language of your policy
- Denying a valid claim without a reasonable explanation
- Failing to investigate or resolve a claim in a timely manner
- Attempting to cancel your policy during the claims process
- Requiring excessive proof from the insured
- Intentionally confusing the insured
- Threatening or bullying the insured
If you are working with your insurance company and you feel like something isn’t right, it probably isn’t. Any of the behaviors above are reason enough to contact an attorney.
As personal injury lawyers, our team at Webster Vicknair MacLeodhas plenty of experience negotiating with and litigating against insurance companies to get the help you need.
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When your business is not operational, your livelihood and very survival are at stake. The sooner you recruit one of our attorneys, the sooner we can encourage your insurance company to do what’s right. If they refuse to cooperate, we are not afraid to take them to trial.
At Webster Vicknair MacLeod, we have more than 120 years of combined experience standing up to big insurers and helping our clients recover compensation. We also understand what you are going through and truly want to help.