As the owner of a small business or franchise, you likely invested in multiple kinds of insurance before you ever began operating the company. You may have a general liability policy, a premises liability policy and a business interruption insurance policy. When...
Insurance Disputes
When does a delayed claim payment become bad faith insurance?
Insurance is a crucial stopgap between people who get hurt unexpectedly and financial devastation. It helps pay medical expenses and cover lost wages. It can repair your vehicle or even your house, depending on the situation and what lead to your injury. Although the...
Steps to take after receiving a reservation of rights letter
The resolution process after an insurance company receives a plaintiff’s claim for damages can take a few different directions. The simplest path is a settlement, wherein the insurance company issues a check to their client or the plaintiff that covers their damages....
Can an insurance company deny a claim related to a dog bite?
Homeowner's insurance or renter's insurance covers someone's possessions if there is a natural disaster and also helps protect them from liability. When you go visit a friend, their renter's or homeowner's insurance policy will pay for your medical costs if you fall...
Can you bring a bad-faith claim against your insurer?
Insurance companies can come up with more reasons to avoid paying a claim than children can for not doing homework. While some may be legitimate, many are not. Insurance companies make more money if they make claiming difficult. They have a right to carry out a full...
Why use mediation for an insurance dispute?
Mediation is a popular way to settle all sorts of legal issues. One area it is commonly used for is insurance disputes. Mediation involves two parties trying to reach an outcome that is satisfactory for both. It has significant advantages over other forms of settling...
What should you do when you get a ROR letter from your business insurance company?
We’ve talked before about what it means when you get a Reservation of Rights (ROR) letter from your business insurer, so you know that seeing one in your mail is not good. While not outright denying to cover a claim against you, your insurance company is questioning...
Reasons that an insurance company may dispute coverage
Have you read your insurance policies from start to finish, ensuring that you understand everything in them? Many people give an insurance policy only a cursory glance before deciding everything looks fine and filing it away. When you file a claim, finding the...
What is a reservation of rights letter?
New England businesses carry liability and other insurance to protect them from the uncertainties of life. For example, no matter how hard one works, one major disaster, like a fire, can ruin the prospects of a small business owner. Likewise, an owner can take...
Common types of insurance claims made by businesses
Business owners in Massachusetts have many things to worry about as they run their business. People need to worry about their employees, ensuring they have the products they need, deadlines, manufacturing, clients and many other concerns. The goal of the businesses is...