Commercial Insurance Coverage

Commercial insurance coverage, also known as business insurance, is designed to protect businesses from every imaginable risk. The type of coverage that a business carries will largely depend on a business’s specific risks and what the company offers. Some common types of business insurance include:

• Commercial property insurance
• Business interruption insurance
• Professional liability insurance
• Commercial auto insurance
• General liability insurance
• Umbrella polices
• Commercial flood insurance

When a company purchases commercial insurance coverage, they hope that they will never have to use it. Unfortunately, natural disasters and accidents do occur, which causes businesses to file a claim with their insurance provider. Businesses expect that when they need to file a claim, that the insurance company will pay the agreed-upon coverage. However, there are number of insurance companies that unfairly deny policy holder’s claims.

If your business claim was unfairly denied, contact the Arguello Law Firm today.

Business Property Insurance Claims

One of the most common types of insurances that companies purchase is business property insurance. Property insurance covers the damages to company property due to any number of events such as fires, smoke, hurricanes, tornadoes, wind, hail storms, riots and vandalism. Typically, the insurance provider’s definition is broad and can include the building, computers, furniture, landscaping, inventory and outdoor signage.

Business Interruption Insurance

Business interruption insurance covers the loss of income that a business suffers after a disaster while the facility is closed for the disaster or while building is being rebuilt after a disaster. This type of insurance keeps business from shutting down due to unexpected events. Business interruption insurance allows business to continue to pay their bills such as mortgages, employee salaries, rent, taxes, relocation fees and advertising costs.

Bad Faith

When a business purchases coverage from an insurance company, they are entering into a legal contract; both parties are expected to act in good faith. However, there a number of insurance companies that act in “bad faith”.  Bad faith is tort claim that a policy holder files against an insurance provider for not maintaining the contract.

Listed below are some common actions that cause policy holders seek legal action against the insurance provider:

• Denial of coverage
• Unreasonable delay in claims payment
• Wrongful refusal to settle a claim
• Failure to pay insurance claims
• Failure to conduct a reasonable investigation before claim denial
• Failure to defend a policyholder

If your insurance company has committed any of the actions above, fill out the Free Case Evaluation form to explore your options.

Experienced Insurance Lawyers

If your insurance company has offered you inadequate compensation for your losses, you may be eligible for legal recourse.  Contact the Arguello Law Firm to learn about the legal rights available to business owners.

At the Arguello Law Firm, our attorneys are well-versed in insurance law. We have helped numerous clients receive the fair compensation for their claims. Let our attorneys help you manage your claim and help you get the proper settlement.

To speak with an attorney about your commercial insurance coverage, fill out the contact form on this page.