Insurance Bad Faith
Wrongful Insurance Claim Denial Advocates Helping Business Owners Nationwide
Business Owners buy insurance policies so they can receive benefits if a covered event occurs. When they do not receive the coverage they paid for, they may elect to file an insurance bad faith claim. Insurance law requires that every claim be handled fairly and reasonably. When an insurance company fails to honor this obligation, the policyholder may have legal recourse.
The following are the most common types of bad faith tactics used by the insurance industry:
- Delayed investigation, or analysis of claims.
- Denial of loss of revenue. Revenue is the income your business would have earned during the closure period if it were operating normally.
- Denial of rental payments while the business cannot be occupied. Many landlords require a business to continue making payments even if the premises have become unusable or the business is inaccessible. As an example in Houston the business did not flood but employees or customers cannot get to the business because the roads leading to the business have been closed. As an example a dentists office, a doctors office, a therapists office, a wholesale business, a auto repair facility, etc.
- Denial of paying employee wages for a covered event. A standard business policy may provide coverage to help a business make payroll when it is unable to operate.
- Improper, or under valuation of property losses.
- Unreasonable or bullying type settlement tactics on the part of an insurance company. In this instance the insurance company offers pennies on the dollar to settle the claim rather than paying what was owed.
- Refusal to give insurance coverage on a claim that should have been covered.
- Errors or omissions on the part of your insurance agent. Did your insurance agent fail to give you the type of coverage you needed.
Every insurance policy includes an implicit or explicit promise of fair dealing and good faith. If you believe your insurance company has unfairly denied you, and you want to discuss whether you have a valid claim, please call us and we will do everything possible to find you the most skilled and experienced ‘Bad Faith’ attorneys.
Insurance Bad Faith Complaint Center
Assisting business owners in Texas, Louisiana and Florida who have been impacted by
Hurricane Harvey and Hurricane Irma.