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 generally to make money while providing products or services for their customers and that is the focus.

However, there are some things that are out of their control and it may be impossible to predict when they may occur. Business owners need to be prepared for these types of events though because if they do not, it can really hurt the business. To prepare for these types of events, it is best that business owners make sure that they have insurance to cover for the unexpected events.

There are many different insurance claims that business owners may need to make, but some are more common than others. Some of the more common insurance claims are for:

  • Theft
  • Water and freezing damage
  • Storm damage from wind and hail
  • Fire damage
  • Premises liability claims such as slip and fall claims
  • Product liability claims

Some of these claims may be paid out fairly quickly and smoothly, but this is not true for all claims. There are many different reasons that the insurance company may deny a claim or dispute the amount of the claim. If this occurs business owners may find themselves in an insurance dispute.

There are many things that can go wrong for business owners. Some of these events are within the control of the business owner and some are not. For the ones out of the business owners’ control, it is important to have insurance.

However, having insurance doesn’t necessarily mean that they will automatically recover all damages. There could be disputes with the insurance company over the claims. Experienced attorneys understand these disputes and may be able to guide one through it.


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