30 Jan 2020
insurance claim form

Main mistakes people make when filing a business insurance claim.

As a business owner, there will come a time when you will have to file an insurance claim.  Unfortunately, many business owners make mistakes when filing their claims.  These missteps can delay your insurance coverage or prevent you from getting all the coverage that you need.  To ensure that you don’t run into issues with your business insurance, here are some of the mistakes to avoid.

  • Waiting Too Long

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 and 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.

  • Failing to Document Issues Properly

Sometimes, you cannot wait on cleanup and repairs.  If this is the case, then it’s important that you thoroughly document your business’s damage.  By taking high-quality pictures and video clips of the damage, you can provide your insurer with an accurate depiction of the incident.  This, in turn, will improve your chances of securing all the coverage you need to address your repairs.

These are some of the mistakes that you need to avoid when filing a business insurance claim.  Do you have more questions about your business insurance coverage?  If so, then contact the experts at Patterson & Associates in Richardson, Texas.  We are ready to assist you with all your commercial coverage needs today.