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Commercial Property Insurance Claims

Commercial Property Owners Must Read This BEFORE Filing An Insurance Claim


by Bill Voss, Policyholder Attorney

Table of Contents


5 Things Commercial Property Owners Must Do FIRST


p<>{color:#000;}. Read your policy;


p))<>{color:#000;}. Get the right kind of insurance with the provisions your business requires from the beginning. Don’t be caught short at claim time;


p<>{color:#000;}. Expand your insurance as your business grows;


p<>{color:#000;}. Realize adequate insurance is a necessary business expense, not a scam; and


p<>{color:#000;}. Have inspections conducted routinely and stay up-to-date on all safety measures.


What is Commercial Property Insurance?


Commercial Property Insurance in Texas*(cited as an example)*; and Combined Commercial Property Insurance Types


Examples of Commercial Property Policies


Insuring At-Home Businesses


Understanding Commercial Property Insurance Rates


Appendix I: Insurance Claims: Best Practices Appendix II – Commercial Property Insurance Glossary



Long before any claims are filed, a decision must be made about the kind of policy that will protect a business. Most commercial coverage is fairly straightforward, but in the 21st century there’s a new wrinkle on the idea of “business.” For many people, going to the office means opening a laptop in their living room or in the neighborhood coffee shop. Defining the type of business you run, and selecting the appropriate insurance coverage for your needs is the initial determining factor in how any claim will proceed. The fastest type of claim denial in the world is just five words, “Your policy doesn’t cover that.”


When claims are filed, business owners face a special set of urgent demands. They not only need their insurance benefits to rebuild from whatever damage or loss they have suffered, but they also face pressure to return to productivity. Obligations to customers must be met. The demand to remain competitive in the marketplace is an ever-present concern, and the responsibility to pay and care for employees’ needs is real and compelling. This is especially true in small businesses where the owner typically works side by side with the people he pays.


In these scenarios, and due to the complex fine points of coverage, claims are often underpaid. Businessmen may accept the insurance company’s check without question, not realizing that there are additional benefits to which their policy entitles them. Finding the right kind of insurance is fundamental, but then understanding -- in detail -- the insurance you do purchase is even more critical. If you are paying for a level of coverage, you are entitled to the full benefits of that coverage. Never think for an instant that an insurer won’t underpay a claim if they can get away with it.

[] 5 Things Commercial Property Owners Must Do FIRST

h4(((<>{color:#000;}. Read your policy.


It may sound like a silly piece of advice, but in the vast majority of cases, commercial policyholders have only a vague sense of what is contained in their coverage. (Read More)


h4((())))<>{color:#000;}. Get the right kind of insurance with the provisions your business requires from the beginning. Don’t be caught short at claim time.


One of the leading causes of inadequate claims payments in commercial insurance is the simple fact that the business wasn’t adequately covered in the first place. (Read More)


h4(((<>{color:#000;}. Expand your insurance as your business grows.


Insurance coverage isn’t something you can just take out and ignore. Policies should be renewed routinely and altered to meet the specific needs of the business. (Read More)


h4(((<>{color:#000;}. Realize adequate insurance is a necessary business expense, not a scam.


There may be many places you can cut your business expenses, but insurance coverage shouldn’t be one of them. You have to get yourself in the mindset to understand why insurance is an essential business expense and not a scam or a hardship. (Read More)


h4((())<>{color:#000;}. Have inspections conducted routinely and stay up-to-date on all safety measures.


There is no substitution for being proactive in everything you do to arrange and maintain your insurance coverage, including improving your business infrastructure and safety protocols to mitigate the chance of any need to ever file a claim in the first place. (Read More)

p<>{color:#000;}. Read your policy.


It’s actually shocking how few business owners read their policies before they are forced to file a claim. Certainly sitting down to read an insurance document isn’t fun. The language is dense and often confusing, but your policy is a legal document. When you affix your signature to it, you are agreeing to abide by the terms of the policy. If you agree to something of which you are unaware, or that you don’t understand, you’re likely going to be in for a rude awakening at claim time.


The second greatest transgression in this regard is just skimming through the policy instead of really trying to understand what it says. No one wants it to appear as if they can’t digest complicated material, but set your pride aside. In all likelihood, you’re going to need help understanding exactly what the policy says. If necessary, get a qualified insurance

attorney to explain the policy to you, and keep his business card, because you may well need him again at claim time.


All insurance policies contain loopholes the insurer can exploit to save themselves the expense of paying your claim. That’s their business. To make money from your premium and to avoid paying claims in so much as it is possible to do so.

h3))<>{color:#000;}. [] Get the right kind of insurance with the provisions your business requires from the beginning. Don’t be caught short at claim time.


This topic is so important, we’ve dedicated several sections of this ebook to explaining commercial property insurance in detail.


What is Commercial Property Insurance?


Commercial Property Insurance in Texas


Combined Commercial Property Insurance Types


Examples of Commercial Property Policies


Insuring At-Home Businesses


Understanding Commercial Property Insurance Rates

h3<>{color:#000;}. [] Expand your insurance as your business grows.


Many new businesses start out with a BOP policy to address both basic liability and property. In the first year, that’s likely the best value in terms of coverage and premium costs. However, successful businesses outgrow basic commercial insurance rapidly.


It’s important to monitor and increase the limits addressing general liability, property, and

especially technology and equipment. Maybe in the first month you had a phone and a laptop, but now you have an office full of tech items that aren’t protected.


The standard advice for consumers is to review the terms of their coverage annually at renewal time rather than just automatically signing up for another year. Businesses should conduct this kind of review quarterly.1

























1 “Common Business Insurance Mistakes,” 5 April 2011, CommercialInsurance.net, http://bit.ly/Sclng3

h3)<>{color:#000;}. [] Realize adequate insurance is a necessary business expense, not a scam.


Once a commercial insurance policy has been established, altering and augmenting the terms and coverage limits is not expensive. In some cases, you can double the coverage for as little as a 10% increase in premiums.


It’s backwards thinking to try to achieve your cost cuts with your insurance coverage. From the beginning, don’t fall into the trap

of thinking that insurance is a scam in which you are being forced to participate. The luckiest businessman in the world is the one who runs his enterprise for years and never files a single claim.


Insurance companies are businesses, too. They are in it for the profit. For them, a claim is lost revenue. Insurers can and do try to get out of paying policy benefits, but even in that scenario, it’s helpful for your ability to weather a claims disputation process to remember that:


p<>{color:#000;}. You pay insurance to hedge your bets against losses.

p<>{color:#000;}. Insurers sell insurance to make money on your premiums.

p<>{color:#000;}. An insurance policy is not a bank account. Paying your premiums is not a guarantee your claims will be approved.

p<>{color:#000;}. To the insurance company, a paid claim is a loss on their profits.


You’re a business person. Understand that insurance is also a business. Treat it as such.2








2 “Stay Away from Frequent Business Insurance Mistakes,” tbnetworks.eu, http://bit.ly/UAKwwL

h3)))<>{color:#000;}. [] Have inspections conducted routinely and stay up-to-date on all safety measures.


This precaution is true of almost any kind of insurance. Never lose sight of the fact that insurance is a game of risk assessment. Anything you can do to mitigate the need to ever file a claim is greatly to your advantage. But even if you do have to file a claim, inspections and enhanced safety and other infrastructure upgrades are always to your benefit when dealing with insurance companies.


If an insurer can prove that anything you have done has created or elevated the potential for risk, or increased the level of damages resulting from a covered peril, your claim will likely be denied. Adjustors are always on the lookout for policyholder negligence.


However, do not let your level of proactivity stop there. Always inform your insurer of anything you have done to improve the safety profile of your business operations or infrastructure. Backup this claim with engineering reports and safety certifications. Often these improvements will results in improved premium rates, but it is also possible that terms of the policy may need to be changed to reflect whatever you’ve altered or added.


Commercial policies are very specific about what is and is not covered, and insurers do not react well to the presence of structures or equipment of which they were not aware. Get in the habit of maintaining a regular dialog with your insurer. Often claims are denied for no other reason than the fact that good communication has not been maintained between the insured and the insurer.

[] What is Commercial Property Insurance?


This form of insurance is designed to help all manner of businesses from storefronts to farms and ranches. It is intended to help defray the costs of needed repairs to buildings and damaged property and equipment. The same policies also insure the business against lost and stolen property. Any business owner can purchase this type of coverage even if they are renting or leasing the building from which their business is based.


Note, however, that under those circumstances you may need to also consider a tenant policy. Don’t fall into the trap of looking for a one-size-fits-all policy when it comes to business coverage. You will also need to consider issues of liability before all is said and done. The point is not to allow any gray areas to form where insurers can deny your claim because the policy coverage is not exact.


If your business has more than one location, commercial property insurance can be designed to cover all the sites under a single policy. If, for instance, you have a factory and an administrative complex, both would be named in a single policy. Do not, however, just assume that this is the case. When you are setting up your insurance cover, you will need to be as specific as possible with the agent about the nature of your business and all locations it involves.3


[][] Commercial Property Insurance in Texas*


*Please note that although The Voss Law Firm, PC is located in Texas, we work with clients nationwide and globally.



Three types of commercial property policies are sold in Texas: basic form, broad form, and special form. The coverage is not standardized, but companies must meet a set of minimum requirements in developing their individual policy language and terms. It is important to understand, however, that actual coverage limits and terms will vary from one company to the next.


None of the three major types of commercial coverage are so inclusive as to preclude the need for additional coverage like flood, wind, or expanded theft and crime policies. If your business is on the Texas coast, it’s especially important to look into additional wind coverage since your standard commercial policies may actually exclude for wind damage in these areas.


3 “Commercial Property Insurance,” February 2012, Texas Department of Insurance, http://bit.ly/V9Zqx6





To gain coverage for water damage, collapse of the structure, leakage from sprinkler systems, and winter storm damage (ice, sleet, and snow), you will need, at minimum, a broad form policy. Special form policies can be written to address a wide variety of risks, but they typically exclude flood, movement of the earth, acts of war and terrorism, nuclear disaster, insect and vermin activity, and normal wear and tear.4







4 “Commercial Property Insurance,” February 2012, Texas Department of Insurance, http://bit.ly/V9Zqx6

[] Combined Commercial Property Insurance Types


There are coverage types that address multiple needs, but again, beware of gaps in your insurance protection:


p)<>{color:#000;}. Commercial Multi-Peril or CMP policies seek to merge protection for commercial property and liability as well as commercial auto and inland marine coverage. Although it is usually cheaper to buy a CMP policy than to purchase one policy for each area, it is crucial to read and understand the policy language and all terms and limits involved.


p)<>{color:#000;}. Business Owner Program or BOP policies are generally bought by small businesses to combine both property and liability coverage in a single insurance product.


Note that it is always possible to expand or alter the coverage terms of any policy through an instrument called an endorsement.5



endorsement – A written document which serves as an attachment to an insurance policy. The endorsement modifies the policy by changing the coverage for specific acts or items not covered in the original policy language. Endorsements can be added at any time during the term of the policy, including the inception of coverage.






















5 “Commercial Property Insurance,” February 2012, Texas Department of Insurance, http://bit.ly/V9Zqx6

[] Examples of Commercial Property Policies


Some typical coverage clauses for commercial property policies include:


p)<>{color:#000;}. Building occupied by the insured. This is the designation for a building you use regularly, whether through lease or just “borrow.” The point is that you do not own the structure, but that it is critical to the operation of your business.


p)<>{color:#000;}. Newly constructed or acquired buildings. Usually you have 30 days to inform the insurer of the addition of a new building by whatever means so it may be added to your coverage. Generally commercial policies only cover named buildings.


p)<>{color:#000;}. Employees’ personal property. This coverage must be purchased as an endorsement if you require more than the stipulated limit. As the name suggests, the policy covers any personal property your employees may have on site, for instance, items in a locker.


p))<>{color:#000;}. Off-premises property. It's important to read the policy clauses regarding off- premises items, which may be either excluded or limited. An endorsement may be required to adequately protect these items, or in some cases the wisest course of action may be to take out a separate policy.


p)))<>{color:#000;}. Business interruption. This coverage pays for lost income in the event the business is damaged and normal business operations are suspended.


p)<>{color:#000;}. Extra expense. This coverage is for additional costs that are incurred to return a damaged business to a normal operating state.


p))<>{color:#000;}. Valuable papers. You will have only limited coverage for business records in typical commercial policies, so an additional endorsement may be necessary.


p)<>{color:#000;}. Ordinance or law coverage. This will pay for repairing or rebuilding a facility to the specs of the current building codes. This is generally a limited amount in any standard policy and you may want to review the need for an additional endorsement with your insurance agent.


p))<>{color:#000;}. Boiler and machinery. This protection addresses such items as boilers, air conditioning systems, compressors, steam cookers, water heaters, and similar

infrastructure devices. Note that coverage is generally limited to items specifically listed in the policy and to subsequent damage related to the failure of one of those items. Depending on the nature of the machinery used in the business, a separate policy or an endorsement may be needed.


p)<>{color:#000;}. Inland marine. This coverage is to insure goods in transit whether by air, land, or inland waterway. It will also cover projects under construction and transportation as well as bridges, tunnels, and communication towers.


[] Insuring At-Home Businesses


With the rise of the Internet and a growing acceptance of long-distance business collaboration and project management, more people are working from home and running home-based businesses. It is a serious mistake to assume that a homeowners policy will adequately insure such endeavors. At most, a homeowners policy might replace office furnishings damaged by a fire or similar catastrophe. Such coverage will not, however, take care of matters of liability if a third party is injured on the property.


If a home-based business requires that inventory be stored on site, or if manufacturing of any sort is involved, it’s time to move up a level to commercial property insurance. This will also address protection for specialized equipment and furnishings. Only a qualified insurance professional can draw the line between a homeowners policy and commercial property insurance. Although there might be a small area of the home where the two overlap, the policies are intended to be complimentary and to fill in a coverage gap. One does not replace the other.6















6 “Insurance for Home-Based Businesses,” 14 September 2012, CommercialInsurance.net, http://bit.ly/ PgD07Z

[] Understanding Commercial Property Insurance Rates


In setting rates for commercial property insurance, insurers try to calculate the risk of a business filing a future claim. Certain businesses that are deemed “high risk” can’t get insurance at all, or pay exorbitant fees for their policies. Typically, the leading factor in rate determination is fire risk. Insurers hire licensed inspectors who use a five-factor rating system to apply a risk level to a building. Specifically they consider:


p)<>{color:#000;}. The construction materials used. Any building that contains potentially combustible materials will be more expensive to insure. Before remodeling, always consult with your insurer, since additions will alter the overall fire rating. Just the use of a wooden partition could have a negative effect both on the existing rating and on any claim you might file. If an insurer can prove that a flammable addition or temporary structure was added without their knowledge, and that the structure contributed to the start or spread of a fire they will deny the claim.


p<>{color:#000;}. A building’s location in relation to emergency equipment. Buildings that are located outside the city limits and at a considerable distance from emergency crews, in particular fire trucks, will be harder and more expensive to insure.


p<>{color:#000;}. The use of the building, especially in terms of occupancy. Insurers attempt to determine the degree of hazard associated with a building’s occupancy. In an office building or retail strip scenario one high-risk occupant can affect the fire rating for all other tenants. A restaurant or an auto repair shop will face higher premiums than an office complex due to perceived risks.


p<>{color:#000;}. The presence of fire protection measures. Simply adding an automatic fire response sprinkler system can lower the commercial insurance rates on a building by as much as 50%. Having fire extinguishers and fire alarms will also help, as will the location of the building in relation to the nearest fire hydrant. The optimum distance is within 500 feet.


p<>{color:#000;}. Exposure to adjacent hazards. The proximity of the insured structure in relation to other fire hazards, for instance an oil storage tank or a lumberyard can also increase the insurance premium. An internal adjacent hazard might be clutter, electrical equipment, or the on site storage of volatile materials.


For a free, no obligation, confidential consultation, plus contacts us via our website:

www.DeniedClaim.com ,by phone at 866-276-6179, or by email at [email protected]


The Voss Law Firm, P.C. represents clients on a local, national and international basis. We proudly serve companies and individuals along the Gulf Coast and around the globe on a contingency fee basis.

Appendix I: Insurance Claims: Best Practices


Regardless of the type of insurance claim you file, there are basic best practices you’ll want to follow that apply to any request for benefits from an insurer:


p)<>{color:#000;}. When you initially take out insurance of any kind, make sure you understand the terms of the policy. You need to know exactly what is and is not covered, what your responsibilities are as a policyholder, and the steps necessary to file a claim (as well as any time limitations that might apply.)


p)<>{color:#000;}. Be proactive. Don’t wait, expecting someone from the insurance company to contact you. The last thing any insurer wants to do is pay a claim. It’s your responsibility to start the process as quickly as possible after the incident or event.


p)<>{color:#000;}. Don’t think you’re in an equal position. You’re not. Understand that the insurance company has more power in this equation. You may have to fight to get the benefits you deserve.


p)<>{color:#000;}. Go in assuming that the insurer will do the right thing and pay the benefit to which you’re entitled, but be wary. An agent who sounds friendly is not really your friend. Don’t fall into the trap of “confiding” in a company representative and giving away information that will hurt you later, especially if a legal proceeding becomes necessary.


p)<>{color:#000;}. Document every single aspect of your claim. You need proof, detailed accounts of the incident or circumstances (your own and those of witnesses), damage and repair estimates -- really anything you can think of. Save every scrap of paper associated with the claim filing process. In this area of managing your claim, there is no such thing as “too much.”


p)<>{color:#000;}. Put your requests in writing and be clear. Explain what you are asking for, why you are asking, and why you are entitled to receive it. Have someone else read what you’ve written. If that person doesn’t understand what you’ve said, rewrite the request. Good communication and a paper trail are essential to the claims process to protect your interests.


p))<>{color:#000;}. If you expect to be treated fairly, play fair. Don’t exaggerate your damage or pad your claim to get more out of the company. Insurers are on the lookout for

fraud at all times. At the least, your claim will be denied, at the worst, you’ll find yourself in trouble with the law.


h4((()<>{color:#000;}. Don’t sign anything you haven’t read or that you don’t understand. If the documents are legal in nature, consult a qualified attorney. You could well be agreeing to more -- or less -- than you realize.


p)<>{color:#000;}. If problems arise, try the informal approach, but always complain in writing and don’t be afraid to ask to go up the chain of command within the company. Always get names, job titles, and contact information for anyone with whom you speak. This will be especially important if you need the help of an outside government agency or an attorney in seeking your claim benefits. They will need to know the people with whom you’ve spoken.


p)<>{color:#000;}. Don’t hesitate to get specialized, legal help. Insurers make the claims process difficult and convoluted on purpose. They don’t want to have to pay the benefits to which you are entitled. To them, it’s a matter of lost profits.


Millions of dollars in legitimate claims are denied annually for the simple reason that the consumer doesn’t know how to hold up his end of the game.


p<>{color:#000;}. It is not a foregone conclusion that you will receive your benefit payment.

p<>{color:#000;}. Insurance companies make procedures difficult on purpose.

p<>{color:#000;}. You can’t be a passive participant in the process.


If you are not well-informed, proactive, and actively engaged in seeking your benefits, your claim will, in all likelihood, be denied.7

















7 “Top 10 Insurance Claims Tips,” United Policyholder, http://bit.ly/RqZN1g

[] Appendix II – Commercial Property Insurance Glossary



actual cash value – The replacement cost of damaged or destroyed property with a deduction for depreciation. Specific policy limits will apply to this calculation, and the standard for repair or replacement is “like kind and quality.”


additional insured – Typically an endorsement to the policy is required to extend a degree of protection to an individual or entity that the policy does not automatically insure. The need for this extension may be the result of a close relationship, or as a contractual obligation.


additional named insured – An individual or entity other than the “first named” insured who is specifically identified in the policy declaration. This person has the same responsibilities and rights as the individual or entity named as the insured.


agreed amount endorsement – This endorsement is an agreement made by the insurance company wherein it waives the coinsurance clause on the specified property. As long as this endorsement is in effect, there would be no coinsurance penalty at the time of a claim.


annual aggregate – This is the maximum amount, in dollars, that can be paid out under the policy terms in any one-year period.


all-risk insurance – This type of policy is different from a Named Perils policy. All-risk insures against loss or damage to property from any source except those causes the policy specifically excludes.


blanket property coverage – Blanket insurance can provide coverage under a single limit for the following:


p<>{color:#000;}. Two or more items (i.e. Building or Contents)

p<>{color:#000;}. Two or more locations (i.e. Location A and/or location B)

p<>{color:#000;}. A combination of items and/or locations

binder – An acknowledgement, in writing, that insurance is in place even if the official policy has not been issued or the premium paid.


boiler and machinery insurance – This is actually an antiquated term that is being gradually replaced with phrases like “mechanical breakdown” or “equipment breakdown.” It guards against the sudden and accidental failure of a variety of systems including telephones and computers.

Generally it provides reimbursement for damaged property and covered expediting charges, like transportation, to minimize interruption to business operations.


builder’s risk insurance – This provides property insurance for buildings in the course of construction. Depending on the policy, this coverage can be for either the building’s value at the time of loss or its full value at the time of completion


building ordinance coverage - Some communities have building codes that require structures to be demolished and rebuilt according to current building codes in the event of 50% or greater physical damage. This coverage helps to defray the cost of demolition to meet the ordinance stipulations.


business interruption insurance – When earnings are lost due to damaged or lost business property, this coverage reimburses for rents, taxes, salaries, and similar expenses plus the net profits that would have been earned during the period of interruption.


certificate holder – A person or company to whom an insured is liable, who would hold the Certificate of Insurance on the insured as proof of the in-force policy.


certificate of insurance – This document serves as proof of coverage and also stipulates the coverage amounts and effective policy dates.


claims-made coverage – A policy providing coverage only if a claim is made during the policy period. If the policy has a retroactive date a loss which occurred before that date is not covered. (See Occurrence Coverage for comparison.)

coinsurance – A policy provision by which the insured, in consideration of a reduced rate, agrees to carry an amount of insurance equal to a percentage of the total value of the property insured.


commercial crime coverage – Coverage for stock and fixtures, money and securities, and similar items against the potential of robbery or burglary both on and off the specifically insured premises. The policy guards against the actions of both outsiders and employees.


debris removal coverage – Addresses the cost of removing debris after a natural disaster or fire so long as the peril is covered by the policy language.


difference in conditions (DIC) coverageDIC insurance provides coverage designed to close specific gaps in standard insurance policies and is usually available only for larger industrial or commercial risks. It allows coverage to be customized to extend to such exposures as water damage, flood, collapse, earthquake, landslide, etc., according to the insured’s needs. DIC coverage may be provided by means of a separate insurance policy or it may be added by endorsement to the basic policy.


electronic data processing coverage – This specialized insurance covers computers, data systems, and storage media as well as the expenses and income that may be lost due to the destruction of software or hardware.


endorsement – A written document which serves as an attachment to an insurance policy. The endorsement modifies the policy by changing the coverage for specific acts or items not covered in the original policy language.

Endorsements can be added at any time during the term of the policy, including the inception of coverage.


general aggregate limit – The total amount an insurance policy will ever pay regardless of the number of claims filed during the life of the coverage.


inland marine insurance – This coverage protects property in transit. This may be from one warehouse to another, or from the warehouse to a retail location. It also covers items left at the place of business, like clothes at a laundry or employee’s personal items stored in a locker.

insurance fraud – Any act or omission on an insurance claim specifically intended to obtain a property or casualty benefit illegally.


loss control – Engineering work and preventive inspections designed to find and correct potential causes of an insurance loss. Also known as safety engineering, accident prevention, and loss prevention.


loss of lease income or value – Coverage for damaged rental property that results in a loss of income or loss of value. The same coverage will also address loss of value when the property owner also uses some portion of the space for his business.


named perils insurance – A policy which covers only specifically designated causes of loss or defined perils. This coverage is the opposite of an all-risk policy.


negligence – Negligence occurs when there is a failure to exercise the degree of care which might be expected from a reasonable person under the same given circumstances. Negligence may constitute acts of commission or omission.


occurrence coverage – A policy providing coverage only for injury or loss that occurs during the policy period, regardless of when the claim is made. For example, a claim made after expiration of a policy would be covered if the injury or loss occurred during the time the policy was in force. (See Claims-Made Coverage for comparison.)


peril – Any occurrence that is the cause of an insurance loss, for instance an accident, natural disaster, or a calamity like fire.


replacement cost coverage – A form of insurance that provides coverage at the full replacement cost of the damaged property without considerations of depreciation. This can be applied to buildings and their contents, but only to items that are specifically named in the policy.


Commercial Property Insurance Claims

If you own a business, you need to have a clear understanding of how your commercial property insurance policy works in order to make good financial decisions and protect your business. You MUST read this book, written by a policyholder attorney, before making a commercial insurance claim. The book reviews everything you need to know about commercial property insurance including: Various types of commercial property insurance policies. Commercial property insurance rates. How to determine if you have adequate coverage. Inspections and remaining current on safety measures. Expanding your commercial property insurance as your business grows. If You Own Commercial Property, Order Your FREE Copy of This E-Book Today! It is important to learn as much as possible about your commercial property insurance policy now, before you need to file a claim. Although you pay steep annual insurance premiums, the insurance company may not come through for you when you need it and your policy may not be enough to help rebuild your business and help you return to productivity. Every business has financial obligations and you need the best possible coverage in order to help you cover those costs. Making sure you have the right commercial insurance coverage is half of the battle. Understanding what your claim is worth and whether you are entitled to additional benefits under your policy is just as important. Being a well-informed insurance consumer will help you protect your business throughout this process. Unfortunately, insurance companies do not make it easy for policyholders to file a claim and may try to lowball or even deny benefits. If you are having trouble getting the insurance company to pay your claim, fill out this form to receive a free copy of our must read book. In addition, you may wish to speak to a Texas commercial insurance policy lawyer in person to discuss your case and receive a free case review. Call the Voss Law Firm at today at 888-614-7730. We will help you stand up to the insurance company and get the benefits you have paid for.

  • Author: TheVossLawFirm
  • Published: 2016-08-08 19:50:26
  • Words: 5057
Commercial Property Insurance Claims Commercial Property Insurance Claims