At Daly & Black, P.C., our business interruption claims lawyers in Houston fight aggressively for policyholders to receive the compensation they are owed. If your insurance company is refusing to pay your claim fairly, we are ready to stand up for you.
Fight for the Compensation Your Business Deserves
When your business is forced to close or experiences financial losses due to an unforeseen event, you expect your commercial insurance policy to cover those losses. However, many business interruption claims are wrongfully denied, delayed, or underpaid, leaving business owners struggling to recover.
What is a Business Interruption Claim?
A business interruption claim is a request for compensation under a business interruption insurance policy, designed to cover financial losses when a company is forced to halt or reduce operations due to a covered event. This type of coverage typically includes:
- Lost revenue due to suspended operations.
- Operating expenses such as rent, utilities, and payroll.
- Temporary relocation costs if the business must move locations.
- Supply chain disruptions causing financial harm.
These claims are essential for keeping businesses afloat after catastrophic events such as hurricanes, fires, floods, government-mandated shutdowns, and other disruptions. However, insurance companies often find ways to deny or minimize payments, requiring business owners to fight for what they are rightfully owed.
Qualifying for a Business Interruption Claim
Not all business disruptions qualify for coverage, and insurance companies frequently dispute the validity of claims. To qualify for a business interruption claim, a business must generally prove:
- Direct physical loss or damage to property caused by a covered event.
- A clear connection between the event and financial losses.
- An active business interruption policy covering the specific type of loss.
- Documentation supporting the claim, such as financial records and operational impact reports.
Insurance companies may argue the disruption was not caused by a covered peril or attempt to exploit policy exclusions. Our attorneys analyze your policy and ensure insurers do not use loopholes to deny your claim.
Legal Foundations for Business Interruption Claims in Houston, Texas
Understanding the statutes that govern business interruption claims in Houston is crucial to defending your rights effectively.
Texas Insurance Code: Your Shield Against Unfair Insurance Practices
The Texas Insurance Code sets strict guidelines for insurers, ensuring they handle claims with integrity and fairness. This comprehensive legal framework protects Houston businesses by mandating timely claim responses and penalizing unjust denials or delays.
We’re experienced in navigating these regulations, and we use our knowledge to hold insurers accountable..
Contract Law & the Duty of Good Faith: Deciphering Your Policy
Under the Texas Civil Practice and Remedies Code, every business interruption insurance policy is a contract bound by the principle of good faith. This means any ambiguity in your policy’s language should be interpreted in your favor.
At Daly & Black, we meticulously analyze your policy terms and leverage these legal provisions to challenge any insurer’s attempt to underpay or deny your rightful claim.
Texas Deceptive Trade Practices Act (DTPA): Fighting Deceptive Tactics
The Texas Deceptive Trade Practices Act (DTPA) offers another layer of protection, safeguarding you against misleading and unethical insurance practices.
Whether it’s misrepresentation of your coverage or unfounded claim rejections, our legal team is equipped to use the DTPA to assert your rights, enhancing your case with a potent strategy against bad faith actions by insurers.
Are You Ready to Fight Back?
Don’t let your insurer undermine your claim with bureaucratic delays or deceitful practices. Daly & Black is ALL IN. ALL THE TIME. for our clients, fighting with unmatched tenacity to ensure you receive every dollar owed. Contact us today for a free consultation—let’s put Texas law to work for your business.
Common Insurance Tactics to Deny or Underpay Claims
Insurance companies have a legal duty to handle claims in good faith. However, many insurers prioritize profits over promises, using delays, denials, and underpayments to avoid full payouts.
Here are some of the tactics insurance companies use to straddle their fiduciary obligation towards their policyholders:
Arguing the Loss Isn’t Covered
Insurers frequently claim that a business’s losses do not fall under their policy’s terms. They may assert that the interruption was caused by an uncovered event, such as a pandemic or government shutdown, despite clear evidence supporting the claim.
Delaying the Claims Process
A common tactic used by insurers is to stall the claims process, dragging it out for months or even years. They do this in the hopes that businesses will accept a low settlement offer out of frustration or financial necessity.
Offering a Lowball Settlement
Even when insurers approve a claim, they often offer settlements far below the actual financial losses suffered by the business. Without legal representation, many business owners are pressured into accepting these lowball offers, thinking they have no other choice.
Denying Claims Without Justification
Some insurers will deny valid claims outright, providing little to no explanation. They rely on complex policy language and technicalities to justify their actions, making it difficult for business owners to challenge the decision without legal assistance.
If you have encountered any of these tactics, Daly & Black can take immediate legal action to hold your insurer accountable and fight for the compensation your business is owed.
How a Business Interruption Claims Lawyer Can Help
At Daly & Black, our Houston business interruption claims lawyers excel in providing exhaustive legal support. We meticulously review your policy to uncover the full scope of your coverage, ensuring no detail is overlooked.
Our team diligently compiles all necessary documentation to build a strong foundation for your claim. With unwavering determination, we engage in aggressive negotiations with insurers, advocating fiercely to seek the fair compensation you rightfully deserve.
Should your insurer engage in wrongful practices, such as delays, underpayments, or outright denials of your claim, we are fully prepared to initiate legal action. Daly & Black is renowned for its tenacity in confronting insurance companies, consistently securing full compensation for business owners and affirming our commitment to justice and client success.
The Daly & Black Difference
At Daly & Black, P.C., we recognize the profound impact that unexpected business interruptions can have on your operations and financial stability. This understanding drives our commitment to represent and support businesses in Houston facing the challenge of navigating business interruption claims.
Our dedicated team of business interruption claims lawyers goes beyond mere legal representation; we fight as your partner to seek the compensation your business critically needs.
Relentless Advocacy for Your Business
We do not just handle your claim; we champion your cause. At Daly & Black, P.C., our attorneys leverage their extensive knowledge and experience to challenge these tactics head-on, ensuring that your rights are protected and your claims are justly fulfilled.
A Track Record of Significant Recoveries
With a history marked by substantial recoveries, our firm has built a reputation as a leader in insurance litigation. We have secured millions in compensation for businesses through both negotiated settlements and courtroom victories.
This track record is not just a reflection of our past successes—it’s a promise of the vigorous advocacy we bring to every case we handle.
Customized Legal Strategies
Understanding that no two businesses or insurance claims are alike, we tailor our legal strategies to the unique aspects of your case. From the initial review of your insurance policy to the final resolution of your claim, our team provides personalized guidance, ensuring you are well-informed and confident in the strategies we deploy.
No Risk, All Reward
Because we operate on a contingency fee basis, partnering with us comes with no financial risk to your business. You only pay if we win, which aligns our success directly with yours and ensures our goals are unequivocally connected: seeking the maximum possible compensation for your claim.
If you are dealing with a business interruption that has significantly affected your operations, don’t navigate this complex process alone. Reach out to Daly & Black, P.C., where our business interruption claims lawyers in Houston are prepared to go ALL IN for you.
Schedule your free consultation today, and let’s discuss how we can put Texas law to work for your business and help you move forward from this disruption with strength and stability.
FAQ
Q: What is a business interruption claim, and how can a Houston lawyer help?
A: A business interruption claim seeks compensation for financial losses due to a covered disruption. A lawyer helps by navigating the claims process, challenging denials, and seeking full compensation.
Q: How do I know if I qualify for a business interruption claim in Houston?
A: If your business experienced significant financial losses due to an unexpected closure or operational disruption, reviewing your insurance policy with an attorney can help determine eligibility.
Q: What steps should I take to file a business interruption claim in Houston?
A: Start by reviewing your policy, documenting losses, and submitting a claim to your insurer. If you face delays or denials, contact a business interruption claims lawyer for assistance.
Navigate Complexities with a Business Interruption Claims Lawyer in Houston
Business interruptions can derail your progress. Daly & Black, P.C. has some of the finest business interruption claims lawyers in Houston at its disposal and they are here to guide you through the process of pursuing your claims.
Protect your business now. Schedule your FREE consultation with Daly & Black, P.C. today, and let’s work together to stabilize and advance your business interests.