Insurance Dispute Attorneys Assisting Commercial Property Owners in Louisville
Effective and efficient representation for businesses throughout Kentucky
Commercial property insurance is a vital part of your overall business strategy. If you own commercial buildings and rent them to other businesses, commercial property insurance should protect your investment from damage your tenants might cause, along with the typical hazards of the elements. If your insurance company refuses to do right by you, McWherter Scott Bobbitt is here to help. Our experienced insurance dispute lawyers represent commercial policyholders in Louisville and throughout Kentucky. Let us assist you in getting your business back on track.
What does commercial property insurance cover and exclude?
Commercial property can suffer damage from fire, wind and water damage, theft, hail, vandalism and every other kind of catastrophe. Insurance protects your business by generally covering:
- Your commercial building, the fixtures, equipment and machinery inside the building.
- The furniture, office equipment and inventory that can be carried out of the building.
- Other people's property that has been left in your care.
Depending on the type of policy, commercial insurance might also include:
- Liability insurance for injuries to others while on your premises.
- Legal defense, which covers costs to defend against judgements up to the limits of the policy
Most business owners will opt for a commercial general liability (CGL) policy: it’s a master policy that covers the majority of your needs in the event you get sued. However, commercial property insurance and CGL policies often contain a number of exclusions. Some of the more popular include:
- Acts or war or terrorism
- Smoke, ash and/or soot damage
- Broken glass
- Certain types of weather-related damage (sleet and ice damage; sand or dust damage inside the building; etc.)
- Damage to your own vehicle, even if it was being used in the course of your business
Examples of commercial property insurance disputes after filing a damage claim
We have had clients who have experienced the following unfair treatment from their commercial insurance company after filing a claim for a covered loss:
- Unreasonable delays
- Reporting that the damage claimed is not covered because it was a result of normal wear and tear
- Property damage claims denied
- Refusal to promptly pay claims for covered losses
- Failure to thoroughly investigate property claims in a timely manner
- Depreciation of labor and/or materials because of Xactimate estimates