Estimated maximum loss (EML) refers to the highest potential loss possible from a single event. Probable/possible maximum loss (PML),…
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Commercial claims are complicated. Unfortunately for business owners, commercial claims can often make or break a business. Some commercial claim disputes involve millions of dollars in losses. Other disputes are worth just a few thousand dollars. Whatever your commercial claim dispute may be, it’s crucial you understand how to maximize commercial claim payout and secure the most compensation for your claim as possible.
Don’t let insurance companies take advantage of you. Equip yourself with more knowledge about commercial claims and how commercial insurance works. Whether you’re a small or medium-sized business, a large corporation, or any commercial enterprise in between, good commercial claims knowledge prevents an insurer from taking advantage of you during a complicated claim.
Insurance companies, unfortunately, often take advantage of inexperience when processing claims. They may offer a lower-than-expected settlement, for example,…
Most BOPs exclude intentional damage, for example. Policies also typically exclude professional liability coverage, auto insurance coverage, and worker’s…
Commercial roofs develop issues over time. Depending on the state of your roof, you could receive significantly less compensation…
Insurers, however, don’t want to pay the maximum amount for every liability claim. That’s why all commercial general liability…
Unfortunately, commercial policies don’t automatically cover everything. In many cases, your business needs to buy additional coverage or insurance…
Surplus lines coverage can be complicated. We’re here to explain it. Keep reading to discover everything you need to…
Business interruption insurance covers fixed expenses incurred by your business as a result of a covered event. If a…
Insurers could deny hurricane damage insurance claims because damage occurred due to flood waters instead of wind, for example,…
Today, we’re highlighting some of the most important differences between commercial insurance claims and homeowners insurance claims. Both Commercial…
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