One of the worst things that can happen to you as a Massachusetts business owner is to watch a destructive event occur on your property. Unfortunately, theft, an accident or a fire can occur at any time, in which case you can file a claim with your insurance company. Here is a glimpse at how to go about the claims process and what your options are — for example, business litigation — should you encounter issues during this process.
First, it would behoove you to contact the insurance company immediately to file a claim. In addition, if a theft or burglary was your issue, you may want to report the incident to your local police department in Massachusetts. Then, you can begin to gather important information you will need during the claim process.
For instance, you will need to know the income that your business was producing prior to your loss and following your loss. It may also be helpful to maintain a detailed record of your business activity along with the additional expenses you must pay to keep your company running at a temporary spot during your period of interruption. In some cases, however, your insurance company will refuse to give you the settlement amount to which you believe you are entitled. In this situation, having assistance from an attorney can help you to pursue this amount, either outside of court or in court, if necessary.
For the past 100 years, we have been helping businesses of all sizes grow and prosper with our legal assistance. Since 1918, the attorneys of Seder & Chandler have excelled at facing complicated and fast-moving legal issues, from complex corporate law, commercial real estate law, estate planning, to acting as counsel for law matters business and personal. Contact us today to learn how our combination of traditional commitments and adaptivity has given us a legacy of a 100 years.