Lawyers for Tampa Commercial Property Damage Claims
Every day that your business is closed because of fire or storm damage is revenue you can’t recover. Even if you remain open during clean-up and repairs, work crews and construction noise keep customers at bay.
Most business owners have insurance coverage for business interruption under their commercial property insurance. However, the insurance company may conclude that your scenario isn’t covered or may downplay compensation. Williams Law, P.A., in Tampa, Florida, will stand up for maximum replacement of your lost revenues.
Why Choose Williams Law, P.A.?
- We specialize in going up against insurance companies during claim disputes in Florida. Our founding attorney has over 20 years of experience in this practice area.
- We have recovered over $100 million in settlements and verdicts for our clients in Florida. This includes many successfully resolved commercial property insurance claims and disputes.
- Our Tampa commercial property damage claims lawyers work on a contingency basis. This means that you won’t pay us anything in attorney’s fees unless we win your case.
What Can a Commercial Property Damage Lawyer Do for You?
No matter what type of incident damages your commercial property in Tampa, you can count on an experienced lawyer to help you pursue fair financial benefits from an insurance provider. A lawyer will work for you – not an insurance company or third party. This guarantees that your lawyer will put you and your case goals first. If you need to file a commercial property damage claim or deal with a dispute, an attorney can provide many services on your behalf:
- Explain your rights as the owner or lessor of the commercial property that’s been damaged.
- Investigate your claim to determine the available coverage and collect proof of losses.
- Go up against a commercial property insurance company in Tampa on your behalf.
- File the forms required to bring an insurance claim or bad-faith insurance lawsuit in Hillsborough County.
- Walk you through every step of the insurance process so you have higher odds of success.
- Represent you during a trial before a judge and jury, if necessary, to recover fair property insurance benefits.
A commercial property damage lawyer in Tampa can help you pursue your goals with a team of legal professionals, connections to property damage experts and state-of-the-art legal resources. A lawyer will work to minimize the impact on your business, such as by seeking business interruption coverage or making the claims process more efficient, while pursuing fair benefits. Overall, a lawyer ensures your business has everything it needs during a commercial property damage claim.
Types of Cases We Handle in Tampa
After handling commercial property insurance claims for over twenty years, Williams Law, P.A. has experience handling, at least, the following insurance disputes:
- Denied commercial property insurance claims
- Failure to promptly pay valid damage claims
- Failure to properly investigate and estimate damage
- Inaccurate damage estimates and low-ball settlement offers
- Claiming that the damage pre-existed the date of the loss
- Stating that the damage is result of construction defects
- Wear and tear exclusion defenses
Contact us to find out how we can help after you encounter any type of issue during a commercial property damage insurance claim in Tampa.
Types of Commercial Property Damage
Property owners are not usually experts in evaluating the extent and nature of damage caused to their business property. Since the scope of the damage to their property may seem overwhelming, it is important to retain a property damage expert to assist in the recovery for your loss. Our firm has experience with, at least, the following types of commercial losses:
- Hurricanes and wind storms
- Water damage
- Roof damage and replacement
- Exterior siding and finishing
- Foundation repair
- Interior damage
- Personal property and business equipment
- Loss of use and loss of business income
We understand what steps to take to pursue fair financial benefits for our clients based on the specific types of storms or events. Our lawyers can hire experts to assess the property damage, help you minimize business interruptions as much as possible and pursue a property damage claim from any major insurance provider.
Business and Commercial Hurricane Insurance Claims
Owning a business in Florida makes hurricane damage almost inevitable. Luckily, insurance is available to protect against hurricanes and other storm systems. Business owners who have had their property damaged during a severe storm or other event have the right to expect that their insurance company will stand by them after a loss. Unfortunately, insurance companies will often put their own interests ahead of the interests of the policy holder.
If you find yourself in the position of facing an insurance company who is not willing to honor your claim or is attempting to underpay you for the damage to your commercial property, you may need the assistance of the attorneys and other legal professionals at Williams Law, P.A. We can investigate your commercial property insurance to check for hurricane coverage. Then, we can pursue maximum compensation for your losses from all available sources.
Business Interruption Claims
Many owners focus on the damage to the building and do not realize that they may be covered for loss of revenue from the aftermath of the event itself or the disruption of repairs. Most commercial property owners are covered for business interruption in their commercial property casualty insurance for fire loss or hurricane damage, or under a separate rider.
BUSINESS INTERRUPTION CAN COVER:
- Lost income and cash flow
- Loss of customers who take their business elsewhere
- Loss of use or rental value
- Temporary lease of other commercial space
If your doors are closed for weeks or months, we understand that your business is bleeding money. K.C. Williams brings decades of experience in insurance claim negotiation and litigation in Florida. He will help you document the lost income and demonstrate the interruption to your business in tangible ways. He will fight the insurance companies every step of the way for your entitled compensation.
Loss of Use or Rental Value
We handle the full spectrum of commercial property damage claims, including hurricanes and windstorms, fire loss, floods and water damage, damaged roofs, or sinkhole damage. For owners who depend on rental income, any of these events can mean a catastrophic loss of revenue.
Loss of use and loss of rental value are typically covered under a general property casualty policy, or under a separate rider. Experienced insurance dispute lawyer K.C. Williams can help determine your rights and remedies under the policy and defend your claims. He works closely with clients to detail or project the lost revenues if you are unable to live in your home or if you are unable to sell or lease the damaged commercial space. Loss of use includes dangerous, filthy or unlivable conditions, as well as any period the property or unit cannot be occupied because of rebuilding, repair, smoke extraction, etc.
What to Do After Suffering Commercial Property Damage
If you suffer property damage to your business in Tampa, there are certain steps that you should take as the owner of the property and policyholder. Taking the correct steps can help you avoid common problems and mistakes that could hurt your claim. Use this general checklist for the steps that you should take after experiencing commercial property damage:
- Document your property damage before cleaning anything up. Take extensive photos and video footage of the damage to your commercial property. Ideally, you will also have pictures and videos of the property before the damage occurred available for comparison.
- File your initial claim. Contact your commercial property insurance provider to report the damage. Your carrier will review the photos and documentation that you submit and send an adjuster to examine the damage in person.
- Protect your property from further damage. While you wait for your property damage claim to be assessed, do not make any permanent repairs. You should, however, make temporary repairs to protect your property from any further damage, such as covering broken windows to prevent water damage.
- Document your related expenses. Keep track of all of the money that you have spent and lost because of the property damage, including travel expenses, relocation costs, lost revenue and temporary repairs. You can submit this as part of your insurance claim for proof of losses.
When dealing with the insurance claims adjuster, don’t trust him or her to treat you fairly. Remain polite but wary. Keep your answers to questions asked by the adjuster short and simple. Don’t admit any amount of fault for your property damage. Finally, don’t give the adjuster a recorded statement. Before you accept a settlement or sign a release of liability waiver, consult with an attorney at Williams Law, P.A. for legal advice.
We Hire All the Experts Needed To Prove Your Claim
Your ability to prove the cause and extent of your damage claim is largely dependent on the quality of the experts retained to help present your claim. At Williams Law, P.A., we have a long history of working with experts who can fully evaluate the nature and extent of your damage, and who can set forth the best manner by which to repair your property. Among other types of experts, we have worked with structural engineers, geologists, building contractors, geotechnical engineers, public adjusters and other property damage professionals.
Are You Experiencing Commercial Property Insurance Bad Faith in Tampa?
Even if you do everything right during a commercial property damage insurance claim, you may run into issues trying to get the compensation that you deserve. This is because insurance companies are for-profit businesses that prioritize their profits over their clients. Some insurance companies go as far as to engage in bad faith practices, meaning actions that violate Florida’s Insurance Code or the implied covenant of good faith and fair dealings. They may do this to save money on payouts. Examples of insurance bad faith include:
- Rejecting your commercial property damage claim without a valid reason.
- Taking an excessive amount of time to investigate your claim or get back to you.
- Offering a settlement that is significantly less than the value of your commercial property damage.
- Refusing to offer a settlement even when liability is clear or a covered event damaged your property.
- Misrepresenting the terms of a commercial insurance policy at the time of purchase.
- Misinterpreting the terms of your policy during a claim.
- Unfairly delaying the payout of an accepted property damage insurance claim.
- Using threats or intimidation against you during a claim.
Insurance bad faith is not something you should have to deal with on top of your existing commercial property damage. If an insurance company is refusing to treat your claim fairly and in good faith, the best thing to do is contact a lawyer for assistance. A bad-faith insurance lawyer can go up against an insurance corporation – and its aggressive legal team – for you. Your lawyer can hold an insurance company responsible for intentionally or negligently mishandling your claim.
Recovering from Property Damage to your Business
Remember, the longer the insurance company can deny or delay your claim, the longer it will take to get your business operating again normally. This delay can lead to further damage to your property, a loss of income, a loss of customers, and a loss of reputation.
Insurance companies have the obligation to pay valid claims, and to pay them promptly. If you have a dispute regarding your commercial property insurance claim, please contact our office today.