Florida businesses are no strangers to storm damage. When a hurricane hits, roofs blow off, siding is stripped, windows are shattered, and water flows in. Even storms that don’t rise to the level of a hurricane can cause serious damage to a business and force it to shut down for repairs.
As a business owner who has conscientiously paid your commercial property insurance premiums from day one, you might expect a swift response and full payment on a claim. Unfortunately, that might not happen. Insurance companies will often put their own interests above the interests of their policyholders and delay, deny, or undervalue claims to save themselves money.
You don’t have to stand for this kind of treatment. Our insurance claim lawyers have decades of experience holding commercial property insurance companies to the terms of their policies, and we can help your business re-open as quickly as possible.
Types of Commercial Claims We Represent
Your commercial property is not just a building—it’s also the source of your livelihood. The longer it is closed for repairs, the more money you lose. Because of this, commercial insurance policies offer riders to cover these potential losses beyond the cost of repairs. At Williams Law, P.A., we are well-versed in the various kinds of coverage you might have and will fight to get you the full value of your claim.
Property Damage Claims
You know it’s bad, but you don’t know exactly how much it will cost to repair everything that has been damaged in the storm, fire, or another event. That’s where we come in. Experts we will bring in to assess the damage include structural engineers, geologists, building contractors, geotechnical engineers, public adjusters, and more. Our team will determine how much your insurance claim is worth before you spend a single dime. We have represented commercial clients in the following kinds of property damage claims:
- Hurricane damage
- Smoke and fire damage
- Water and flood damage
- Roof damage
- Mold claims
We also handle arson and fraud claims and claims for damage to hotels, apartments, and condominiums.
Business Interruption Claims
Most commercial property owners have coverage for business interruption, either in their commercial property insurance policy or under a separate rider. This coverage pays for the losses you incur due to the closure of your business due to fire loss or hurricane damage, for example. Our team will document your losses to make sure that your insurer pays out for:
- Lost income and cash flow
- Loss of customers or clients
- Loss of use or rental value
- Temporary lease of other commercial space
In the time it takes you to restore your existing property or relocate to a new property, you could lose not only money, but employees, loyal customers, a prime location, and much more. We will make sure you are paid the full value of your business interruption coverage.
Bad Faith Insurance Claims
Insurance companies are bound by law to act in good faith as they process your claim. That means they must respond in a timely manner, offer a legitimate evaluation of your losses, honor the terms of your policy, and make a fair settlement offer. We are often able to secure damages above and beyond our clients’ insurance coverage when insurance companies act in bad faith. Examples of bad faith include actions such as the following:
- 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 the result of construction defects
- Wear and tear exclusion defenses
We have seen and countered all kinds of insurance company tricks and tactics. You can trust us to protect your claim and maximize your compensation.
Call Us for a Free Case Evaluation
No matter how long you’ve worked with the same insurance agent or how much you trust them to do the right thing, you have nothing to lose by contacting Williams Law, P.A., as soon as your commercial property is damaged and you know you will have to make a claim. Even if you contact us further down the road—after a denial or delay, for example—we will almost certainly be able to make a difference in the money you can recover.