In the fourth episode of Ask the Lawyers, hosts Evan Schwartz and Matt Conroy answer your legal questions, no matter how big, small, or complex.
Through their extensive experience, Evan and Matt clarify the challenging process of dealing with insurance companies after property damage or a business shutdown. They discuss common tactics used by insurers, such as delaying claims or disputing the cause of loss, and offer practical steps business owners can take to protect themselves. The conversation covers the critical importance of documenting everything, understanding policy exclusions like flooding, and when to bring in experts. They also explain the differences between mediation, arbitration, and a lawsuit, helping you understand which path might be right for your situation.
Takeaway:
When facing a significant loss, being proactive and well-informed is your best defense. From carefully documenting the damage to understanding your policy’s time limits for filing a lawsuit, the right steps can make all the difference. Knowing your options and when to seek legal counsel can help you secure a fair outcome and protect your business’s future.
Have a question for Evan and Matt? Send it to [email protected] and they’ll answer it on a future episode.