Disability Insurance Disputes - Business Overhead

Disability Insurance Disputes - Business Overhead

Business overhead insurance disputes can be crucial to the long-term success of a small business, partnership or professional practice. When a disability suit occurs, the business owner is hit hard with expenses, all the while losing valuable income from the halting of the business. Many businesses are forced into failure each year because they were denied valid business overhead insurance claims from their insurance companies. When a founder or key employee becomes totally or partially disabled, the business may be in jeopardy.

Business insurance is purchased to prevent major loss in the event something bad does happen, but will your insurance company live up to its end of the bargain, or will they deny your claim?

Business overhead insurance is a limited type of insurance that should pay benefits for a defined period of time (often up to two years). Without this assistance, it is unlikely that a disabled business owner can maintain expenses long enough to recover and get the business back on its feet. In a partnership, each partner may be covered under a separate policy, based on individual expenses.

When an insurance company denies a business overhead insurance claim, the insured's lawyer must demonstrate to the court that the plaintiff is legally disabled under the terms of the contract and that expenses requested as an award were incurred during the time of disability. Your lawyer can help you interpret your policy and determine exactly what benefits you are entitled to. Depending on your unique policy, your elimination period, waiver of premium, choice of monthly benefit amount, choice of benefit periods and additional benefits should be reviewed and thoroughly explained. At David Share Associates, our disability overhead insurance lawyers are ready to fight to get you all the benefits you need and deserve to maintain a successful business.

There are time limits to all business disability insurance disputes and any delay in proceeding may be subject to a deadline. You should not delay in proceeding with your claim or obtaining legal advice to clarify these deadlines.H

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