An insurance policy should not be causing you and your business headaches. Unfortunately, many Florida businesses spend hours sifting through insurance policy options before committing to a company just to find out later the insurance policy doesn’t say what they believed it did.
Our team of attorneys regularly works with clients who uncover surprises every time they learn about what their insurance policies actually cover. A “surprise” is exactly what you don’t want when using your insurance policy.
Involving your business attorney not just in applying your insurance policy but choosing your insurance policy shields your business from those surprises.
Don’t Just Buy What the Insurance Company is Selling
Insurance companies need to turn a profit. Their goal is to get the most expensive policies out to businesses who are willing to pay without ever having to actually payout a claim.
We hear from too many businesses that are exposed to additional liability because they simply bought whatever the insurance company told them was the best policy without knowing exactly what they were getting.
A business attorney will ensure you are getting the right coverages for your business. This includes understanding the type of business you are running, the area your business operates in, and the people who will be frequenting your establishment.
Know What’s In Your Policy
The point of having a liability insurance policy is to avoid coming out of pocket to cover legal expenses if your business is sued. Businesses often fail to have a true grasp on what’s in their policy which leaves them surprised when they learn they have less coverage than expected when the time comes to use their policy.
Your business attorney is trained and educated to understand the fine print of any policy. Involving them in your policy research ensures you’re getting what you’re paying for. This ensures when litigation arises in the future you know exactly what liabilities are covered and what you are personally exposed to.
Insurance is often a fickle thing. You pay for it monthly, quarterly, or annually, but then you have to pay high deductibles just to use your policy. All of these costs add up quickly, so it’s imperative that your business has the right policy for the right situations. Get a business attorney involved before it’s too late. Schedule a consultation with Bryant Taylor Law for a thorough review of your current policies and any policies you’re considering purchasing.
Bryant Taylor
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