Such options enable you to resolve business-related disputes without stepping foot inside a courtroom. There are several types of ADR, and each type avoids litigation. By choosing ADR, you can achieve a fair solution to your problem swiftly and economically.
If you agree to mediate your dispute, you will attend discussion sessions with the other party. The primary goal of mediation is to resolve a dispute without confrontation and without going to court. A neutral third party who is trained in ADR facilitates the discussions. With mediation, you and the other party come up with a plan to resolve your differences on your own.
Another type of ADR is arbitration, which is similar to litigation in several ways. An arbitrator oversees the process and issues a decision in favor of one party or the other. Arbitration may be non-binding or binding. Both types of ADR take place in a private setting as opposed to litigation, which occurs in a public courtroom. By scheduling a meeting with Cox Padmore Skolnik & Shakarchy LLP, you can connect with an experienced legal team who can review the details of your dispute and recommend the most viable option in your case.
]]>A denied commercial insurance claim can have both immediate and far-reaching adverse effects on a business. If a business has suffered a substantial loss due to a fire, theft or some other issue, the ability to stay afloat might hinge on the ability to collect compensation for damages through insurance. A claim denial could bring operations to a screeching halt.
For a commercial insurance claim to be clean, it must be free from errors and omissions. If an insurance company says a claim is “unclean,” it means something was missing or defective in the application. If this is the case, the insurance agency might include instructions for how to resolve the issue and resubmit the request.
If a commercial insurance claim was clean and has been unreasonably denied, a business owner can file an appeal. Every state and insurance company has its own guidelines regarding the appellate process. A commercial insurance claim might be essential to keeping a business going following a disaster that has caused major property damage or financial loss. By reviewing state laws ahead of time and learning as much as possible about the claims and appeals processes, there is less chance for legal complications.
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