Don’t Make These Mistakes When Filing a Business Insurance Claim
Avoid these missteps when filing an insurance claim for your business.
If your business has sustained damage, been burglarized, or hit with a liability suit, then you need to file a claim with your commercial insurance provider. When filing a claim, it’s important that you avoid making mistakes that could delay your coverage. Here are some of the common missteps you should watch out for.
- Failing to Verify Your Policy’s Coverage
As a business owner, it’s imperative to understand what your policy does and does not cover. Oftentimes, business owners make the mistake of assuming that damage or a liability event is covered, only to find out that they are mistaken. Sadly, in this scenario, you would be left to cover the cost of repairs all on your own. Rather than making this costly mistake, it’s essential to review your business insurance before a claim event arises.
- Waiting Too Long to File
Following a damage or liability event, it’s important to call your insurance provider as soon as possible. This way, they can send a claims adjuster out to assess the full extent of the damage. If you wait to call until after you clean up, then you may actually be concealing how bad the situation is. This prevents the adjuster from making an accurate assessment and could prevent you from getting enough money to cover the full cost of your damage. So, rather than taking this risk, make sure the first thing you do after a claim event is call your insurer.
These are two of the major mistakes that you need to avoid when filing a business insurance claim. Do you have more questions about your commercial insurance? If so, then contact the team at Club Agency Insurance Brokerage in Garden City, New York. Our agents are ready to assist you with all your coverage needs today.