Business Natural Disaster Claim Denials
Business and commercial property owners face a unique combination of problems in the aftermath of a natural disaster. Like homes, businesses can be damaged by wind, hail and flood waters.
Property damage insurance adjusters will survey the loss and make coverage claims based on policy specifics. Business owners must also deal with lost income. Owners spend years building client relationships, providing services and growing in the community – all to provide for their families. When commercial and business property owners close their doors to make repairs, a business interruption claim can make up for lost income.
What happens when insurance companies deny an interruption claim and refuse to pay for business lost after a natural disaster?
Variables in Business Interruption
There are multiple variables to consider in an interruption claim. Business and commercial property owners should document all that apply.
- Lost inventory and replacement cost for the loss
- Expense incurred for cleaning and restarting daily operations
- Lost payroll for employees unable to work during the stoppage
- Length of time the business was closed
Business Claim Denials
Business owners with quality documentation of damage to the property and calculations of business interruption can still have an insurance claim denied.
Adjusters will often place blame on the business owner as the primary reason for lost income. The insurance company may try and stick a responsible business owner with bogus claims of poor property maintenance. These are tactics to help the insurance company keep money in their pocket.
When your business interruption claim is denied, our natural disaster claim denial attorneys stand firm. We won’t be pushed around when your business and livelihood are at stake. You deserve justice in the form of equitable payments. Contact Schechter, Shaffer and Harris today to get help with a claim denial and get on the road to recovering your business losses. We can be reached at 877-385-7902.
