Picture it: you drive to work, only to discover that your thriving business has suddenly disappeared – into a sinkhole. What is the first thing you do? Call your insurance broker of course. Having appropriate insurance is part and parcel of owning a business. You expect that they will cover you in instances like this – property damage resulting from a natural disaster, business interruption, or builder’s risk. The last thing you can afford is any kind of delay; or worse, denial of claim.
One, two, three
When reading your insurance policy as a legal contract, “first party” is the term used for the insured. The “second party” refers to the insurance company, but it is an industry quirk that this term is seldom used. Anyone who is neither the insured nor the insurer is referred to as the “third party”.
So, for example, if one of your customers has a slip and fall on your premises, they would have a third party claim. However, if you have suffered a loss of your own property, your claim would be described as a first party claim.
Salt in the wound
If you have experienced some type of property loss, being paid out is top priority. There are often delays in decisions and action, unreasonable valuations, or coverage disputes.
A court case is a headache: expensive, and time-consuming. Ideally your insurance lawyer will aim to collect your insurance without the need to litigate. Insurance attorneys evaluate your situation, working towards a swift resolution.
- Be honest and give the correct information to the insurer.
- Fill in the claim form yourself rather assigning it to a staff member.
- Draw a line across any space left after filling in the form.
- Scan a copy of the documents
- Read all the terms and conditions in fine detail.
- Conduct thorough research before selecting an insurance company.
- Don’t decide in haste. Do ask for clarification.
- Tackle the paperwork – time delays can cause a claim rejection.
To find a business attorney in Washington, DC, please contact us today.
It can be quite frustrating, not to mention costly, when insurance contracts go wrong. It might feel like the end of the road, but there are literally hundreds of insurance declaratory judgment and breach of contract actions in progress across the USA at any given time. With the help of the right insurance lawyer, you will be able to take the matter further and expect success. More importantly, an experienced insurance attorney will be able to advise you on the various options available to you, so that you can make an educated decision on how to proceed.
Whether your claim is related to small business insurance or personal insurance, your dedicated insurance attorney should be able to assist you to resolve the matter efficiently and effectively, without drawing the process out. A professional business attorney or insurance attorney should be able to help you with the following types of claims:
- Fire damage, explosions, water losses, construction defects, boiler and machinery failures, and inland marine losses, which fall under subrogation claims.
- Commercial general liability.
- Employment practice liability.
- Liability for pollution.
- Professional errors and omissions.
- Improper performance of duties claims.
Assistance with insurance claims provided by Schleifman Law
We are a law firm experienced in handling a variety of complex insurance cases. We have represented policyholders and insurers and have in-depth knowledge required to provide litigation, arbitration, mediation and negotiation assistance, to quickly and efficiently get to the bottom of claims and ensure they are fairly and legally resolved.
At Schleifman Law, we have over 25 years experience in the field of insurance law and will ensure your case is handled with the professionalism and attention to detail that it deserves. For more information and advice on the insurance claims we can assist you with, contact us via email or telephone at Schleifman Law today.