Insurance Claim Denials - Commercial General Liability
This month, we’re going to explore insurance claim denials in a variety of different contexts. The first topic we’re examining is Commercial General Liability Insurance Policies.
These types of policies are purchased to protect your business from lawsuits that arise during its operations. Common components of liability insurance include coverage for property damage and bodily injury that might occur when customers or vendors visit your business. When the claims process works correctly, the insurance carrier pays to defend your business and settle a case in the event that you are sued.
Frequently, however, the initial claim is met with a denial of coverage or a letter from the carrier saying that they will represent you in court but that you could be responsible for attorney’s fees and other expenses if they decide not to pay your claim.
Insurance companies are in the business of making money. So, it’s not unusual to see your claim underpaid or even denied. Denial letters detail a variety of reasons as to why the claim was denied and include issues like timeliness of the claim, an injury of a type that wasn’t covered by the policy or that policy coverage limits have already been exceeded. The reasons for these denials are seldom as cut and dry as they seem.
Hiring an attorney to negotiate the claims process on your behalf could save you headaches and prevent you from working through mountains of paperwork. When you have to sue your own insurance company to force it to follow the terms of its own policy, Florida law often requires your insurer to pay your legal fees. If your claim has been denied or underpaid, please reach out to us today.