Commercial Insurance Lawyers

What Is Commercial Insurance?

Commercial insurance (or "business insurance") protects your business from some types of financial loss, such as damage to your business' property, or liability when your business is sued.

Types of Commercial Insurance

There are two basic types of commercial insurance:

• Property ? Protects buildings, furniture, vehicles, inventory, and other common business-related property
• Liability ? Protects against liability relating to leasing mishaps, contracts, accidents, professional malpractice, and other business-related liabilities

A business can buy property insurance and liability insurance separately or together. Typically buying them together is cheaper than buying them separately. Every policy is different, so you should know exactly what kind of risks your policy protects against before purchasing it.

What Does Commercial Insurance NOT Cover?

Most business insurance policies do not cover:

• Breach of Contract lawsuits
• Wrongful Termination lawsuits
• Sexual Harassment lawsuits
• Other employee-related lawsuits

My Commercial Insurance Company Denied My Business' Claim. What Should I Do?

The first thing you should do is to make sure that your business insurance policy covers the type of damage or loss claimed. If it doesn't, then there is nothing you can do.

If you think that your policy does cover your business' claim and your insurance company refuses to pay, then you should consider taking legal action against your business' insurance company. Any lawsuit against your commercial insurance company may include a claim of bad faith

Does My Business Need an Attorney to Resolve Its Commercial Insurance Matter?

Business insurance policies tend to be very complex and specific. Additionally, state law regulates business insurance and affects exactly what your policy can cover. Having an attorney go over your business' policy can help your company understand its coverage. If your business has to go to court, a lawyer will know your state's laws and give you the best chance of winning your lawsuit.

Vea esta página en español: Seguro de Comercio o visita Abogados-Leyes.com para más información legal.