How to File a Business Insurance Claim

Getting insurance is one of the simplest things you can do, however when it comes time for the insurance company to pay up, that’s when the complications begin. When it comes to insurance companies taking your money, they have no problem with it, they will give you all the insurance you need and much more. When something does happen, than there’s a lot of paperwork and struggle you might have to go through to get your claim recognised and get paid. Before the money from the claim can enter your account, there are a few things that have to be done.

1 – Contact your insurer to advise them of anything that has been damaged or stolen. They need to know immediately and should be the first people you make contact with, after the police if there’s been a robbery or evidence of foul play.

2 – Go through your insurance policy with a fine tooth comb and check that you are completely covered. The information in the policy will also advise you of any necessary steps you have to take in order to make a claim.

3 – You will need to assess the damage yourself first so that you are able to tell the insurance company and the police in regards to what was stolen or damaged, or what information you have on a lawsuit that might have been filed against you. The better informed you are, the better your position will be.

4 – Get your claim in writing. Regardless as to whether or not you’ve notified them by phone, you should get everything in writing send it to them. That way you have proof of the date your claim has been made and you’ve got a record to show if the case should go to court for some reason. Since you’re paying for insurance you have to give yourself the best chance of making a successful claim.

5 – Complete any of the requirements that are set out in your insurance policy. The better you adhere to the policies requirements, the quicker your claim will be processed, and the higher your chance of getting your insurance money. When you’re running a business, time is of the essence.

6 – Be aware that the insurance company is not going to make it easy for you when it comes to assessing your claim and handing over any cash that may or may not be owed to you. It can become a battle ground if you’re not well prepared and organised. The more details you know about your policy, the more evidence you have that your claim meets the policy you have signed the better of you will be. Keep in mind that the insurance company is going to do everything they can in order to avoid making a pay out on your claim. Just because you have insurance with them, doesn’t mean that they are on your side. It’s their business to make money of you.

If you have any issues with filing your claim or the insurance company refuses to cooperate, than your best bet is to hire a solicitor or attorney to handle the claim for you. They are going to be experienced and aware of what can and cannot be done when it comes to your insurance policy and filing a business insurance claim.