When natural disasters strike in Florida, people don’t just lose their homes. Some lose their livelihood. Commercial insurance policies often cover the costs of business interruption and loss of income, but it’s not always as simple as counting the days and asking for compensation. Some claims get denied, and accepting the loss could cause you to close up shop…permanently.
Don’t give up hope! Learn how to turn things around by knowing how to handle a denied business interruption claim. Reach out to Altieri Insurance Consultants Sarasota for a team of public adjusters you can count on for help with commercial insurance claim appeals!
First, Why Was My Business Interruption Claim Denied?
If your Sarasota business is impacted by a natural disaster, then shouldn’t you be covered for the damages and profit loss due to being shut down for recovery? Usually, yes. However, there may be some cases where an insurance company may feel justified in denying such a claim.
Some reasons why your insurer may deny a business interruption claim after a natural disaster include:
- Lack of direct physical loss or damage from a natural disaster
- Signs of wear and tear due to poor maintenance prior to the natural disaster
- Disagreement regarding the amount needed for recovery
- Discrepancies in policy details regarding coverage
- Missing documents requested for claims submission
- Expired or suspended commercial policies
Some of these reasons might be the fault of the business owner, some might be an oversight on behalf of the insurer. If you feel like your denied business interruption claim was wrongfully denied, the first step is to get in contact with your trusted Sarasota-based public adjuster!
How Can a Business Interruption Claim Impact My Livelihood?
Is a denied commercial claim really that much of a loss? Whether you’re a small business or a larger corporation in Sarasota, every day of profits matters for the future of your company.
Business interruptions caused by a natural disaster have the potential to impact your ability to pay monthly expenses like commercial property rent, ongoing utilities, and employee paychecks. This ultimately interferes with cash flow and can be extremely difficult to recover from without financial assistance.
Small business owners in Sarasota who are unable to pay for continuing monthly expenses are at a high risk of bankruptcy, losing key employees, and may have no choice but to shut down the business altogether. You worked hard to make it this far, and so it shouldn’t end here.
Here’s What to Do For a Denied Business Interruption Claim:
1. Take a closer look at your commercial insurance policy and understand why you were denied.
2. Contact your local team of public adjusters in Sarasota to get started on a denied claims appeal for your business.
3. Get what you are owed.
We’re Here to Help You Get Your Life Back! Altieri Insurance Consultants Sarasota Is the Partner Business Owners Rely On.
Every day you wait is a day of lost profits that can impact your business. So don’t delay! Call Altieri Insurance Consultants Sarasota at (813) 247-4757 to begin your business interruption claim denial appeal with a team of public adjusters that specializes in commercial insurance claims services near you.
