When business owners read their insurance policies, they often find words and terms that could mean different things. In New York last year, four out of ten insurance disputes started because policy terms weren't clear. This issue affects many companies when they try...
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Insurance Disputes
Your guide to fidelity insurance claims: Documentation and denials
Companies are not immune to fraud and theft. Many even invest millions of dollars in securing their assets and operations. However, in some cases, the company’s own employees commit these acts. This is when fidelity insurance comes in. This type of business insurance...
What businesses should know about unfair claims practices in New York
Paying for insurance coverage should provide reliable support for your business. When operational disruptions occur, you expect your insurer to process claims efficiently. However, what if the claims process isn't as straightforward as it should be? More importantly,...
The legal implications of policy exclusions on business insurance coverage
Business owners often focus on the scope of protection offered by their insurance policies. However, they shouldn’t also neglect the importance of policy exclusions in their insurance. Policy exclusions can have significant consequences for a business in the event of...
What to do when your product recall claim gets denied
Product recalls can hit businesses hard, causing financial strain and reputation damage. When insurers deny product recall claims, companies face an uphill battle. Here's what to do if you find yourself in this situation. What is product recall insurance? Product...
Multi-insurer disputes: What NYC Businesses Need to Know
Insurance disputes are tough. When multiple insurers are involved, the situation can become even more challenging. NYC businesses need to understand how to handle these situations. This knowledge can help protect your company's interests. Key tips for managing...
Signs your insurer may be acting in bad faith
Insurers may deny or delay paying out claims for various legitimate reasons. These can include insufficient documentation or failing to file your claim on time. However, there are also instances where an insurance company may act unfairly or in bad faith. Bad faith...
Navigating business insurance claim denials
As a business owner, you must understand the importance of protecting your assets. However, even with comprehensive insurance coverage, claim denials can occur. When facing a business insurance claim denial, you must understand your options and how to proceed...
How to manage commercial insurance disputes
Having a comprehensive insurance coverage can be extremely beneficial for New York companies, especially when unexpected issues happen. These may include natural disasters such as fire, flooding and storm damage, as well as property damage, vandalism, or customer...
Why is an insurance company denying your business’ claim?
You worked hard to establish your business or to bring it to a place where it is profitable. It may feel as if your efforts were for nothing when a disaster strikes your New York business. A fire, flood or other type of catastrophic event could be devastating, but you...
