Insurance Is Supposed to Protect Your Business Against Loss
Business owners face risks every day. Smart business owners take steps to minimize their exposure to risk by buying commercial insurance — insurance that protects the business in case of fire, theft, or other types of business interruption. But when an insurance claim is not honored, what can the business do?
Contact Stephen C. Ryan, Insurance Bad Faith Attorney · 623-551-3813
If your business insurance claim was denied, contact a lawyer experienced with insurance companies and their tactics. An insurance claim denial could be a difference of opinion that can be worked out — or it could be an example of insurance bad faith.
The Stephen C. Ryan law firm in Phoenix, Arizona, handles insurance claim disputes for businesses and individuals. Attorney Stephen Ryan has 30 years of insurance experience, including 15 years working inside the industry. He understands how insurance companies work.
Mr. Ryan can go through your insurance policy terms and determine what proof is necessary to make an effective insurance claim. Policies are different. A knowledge of the terms of the policy and the tactics of the company can be invaluable in settling a claim.
In some cases, the insurance company may have a contractor of its choosing make an estimate on repairs after a fire with the insurance company then using that estimate as the basis for settlement of the claim. But then you find out that the contractor who made the estimate is not willing to do the work for that amount. The contractor was just giving the insurance company an estimate that would save the insurance company money.
Your business paid for insurance protection, and you deserve to receive fair value for your insurance claim. You have the right to choose which contractor repairs your property or business. It's the insurance company's obligation to pay for those repairs as long as the cost is reasonable. You are not required to accept, or be paid, the "lowest estimate" just because it's going to save the insurance company money. If you are getting the runaround by an adjuster, contact a lawyer who has the experience to help. The consultation is free.
