Murfreesboro Insurance Claim Lawyer
A major part of risk management when going into business involves obtaining sufficient insurance coverage. This can include protection for a physical location, insuring a company’s vehicles, and workers’ compensation policies.
If your company suffers a loss, it is important to file a claim under an insurance policy. Sadly, these companies make their profits by collecting premiums and all too often, refusing to pay claims at every opportunity. This often leads to insurance claim disputes between businesses and insurance companies.
A Murfreesboro insurance claim lawyer at the Miller Injury Firm could help businesses when an insurance dispute requires litigation to come to a resolution. Our experienced attorneys could assist with evaluating the terms of an insurance policy, working to come to a negotiated settlement, or bringing lawsuits in civil court that allege a breach of contract. If you do not obtain compensation for your company, there is no fee for our services.
Common Causes of Insurance Claim Disputes
Businesses rely on their insurance policies to provide protection in the event of a loss. On the other hand, insurance companies make their profits by denying claims whenever possible. This constant back-and-forth battle leads to a variety of insurance claim disputes.
At the most basic level, disputes can arise over whether a policy covers the type of loss that a business has endured. For example, a commercial real estate protection policy may not appear to cover flood damage. Insurance companies may also claim that their policy does not cover losses due to crime or refuse to pay the full amount of the claim or sufficient amounts to cover the loss even though it is required under the policy.
More nuanced reasons for a denial of payment involve internal workings at the insurance companies. They may allege that they are refusing to issue payment due to supposed fraud at the time that a business applied for protection. Another common tactic is to assign the policy to another insurance company, shifting the responsibility to pay on a claim. Our insurance claim attorneys in Murfreesboro could help to evaluate the exact reason that an insurance company provides for denying the payment of benefits.
Can Denying an Insurance Claim be a Breach of Contract?
Entering into an insurance policy binds both a business and insurance provider into a contract. In exchange for the receipt of premiums, the insurance company agrees to pay all valid claims. A failure to do so when the policy requires a payment constitutes a breach of this contract.
Our local insurance claim lawyers at the Miller Injury Firm could take the lead in pursuing these lawsuits. This includes obtaining information about the policy and the event that led to the filing of a claim.
It is vital to act quickly following a denial of an insurance claim. Tenn. Code Ann. § 28-3-109 says that companies looking to sue insurance providers for a breach of a contract have six years from the date of the breach to bring the case to court.
Let a Murfreesboro Insurance Claim Attorney Protect Your Company’s Finances
Receiving payment through a successful insurance claim lawsuit can mean the difference between continuing business after a disaster or falling into financial ruin. Fires, floods, theft, and industrial accidents are all examples of cases where an insurance company should provide payment under their policies. Sadly, insurance claim disputes are common and often result in litigation.
A Murfreesboro insurance claim lawyer at our firm could help your company stand up for its rights after an insurance company denies a claim. This could include evaluating the language of the policy and investigating the incident that led to the loss to prove that the policy should provide benefits. The Miller Injury Firm works on contingency, meaning that if we do not recover compensation for your company, there is no charge for our services. Reach out today to learn more.