Insurance Lawyer
The world is an unpredictable place. The business world is no different. This is why you purchased insurance for your business or—if you are just starting up—are contemplating what types of insurance you need. Both you and your customers deserve to sleep better at night knowing that, in the event of the unexpected, everyone will be made whole. But what happens when you’ve paid your insurance premiums for years, and the insurance company denies your claim? If that is the case, you should consider hiring an insurance lawyer to advocate for your interests as a policyholder.
Jay Hermele has fought for policyholders against insurance companies, and is well-versed in complex insurance contracts, as well as the heightened laws to which insurance carriers are subject. Whether this means negotiating with insurance carriers, or ultimately pursuing your interests in court, you can rely on The Hermele Law Firm to provide high-quality representation.
If you’re a business seeking a coverage review and analysis, we can assist in that regard as well. If you are paying premiums on an insurance policy and might not be covered for a known risk, you need to be aware of it. We will help you identify your risks, determine whether your existing policies cover those risks, and analyze whether such coverage could be subject to any exclusions.
The Hermele Law Firm offer flat-rate fees on insurance coverage reviews. If you have legal questions concerning existing or potential coverages, or you are having difficulty with a claim that you believe should be covered under an existing policy, contact us right away.
The following is presented for general informational purposes only, and should not be construed as legal advice. Your best source for information about your case is to contact an attorney.
Insurance options can be overwhelming to small business owners, especially in the early stages of a business. While you almost certainly need some insurance, there is no need to over-insure for risks that simply are not associated with your business model. Here are some of the more common insurance coverages you might consider in managing your company’s risk.
- General Liability Insurance. A general liability policy covers your business if you are subject to a claim for such things as bodily injury or property damage to others, as well as reputational harm such as libel and slander. For any brick-and-mortar business that invites customers and others onto the premises, it is an important coverage.
- Commercial Property Insurance. This type of policy protects your space, whether owned or rented, from damage.
- Business Interruption Insurance. If you cannot operate your business due to an unforeseen event, business interruption insurance might cover your lost income.
- Errors and Omissions (E&O) Insurance. This is insurance for professionals, and is sometimes known as professional liability insurance. This provides coverage for claims that a professional service provider made a mistake in the course of providing services. For example, a medical malpractice claim against a doctor’s office would generally be covered by an E&O policy.
- Workers’ Compensation Insurance. If you have employees, workers’ compensation insurance offers your employees benefits if they get injured on the job. Many states require employers to carry workers’ compensation insurance if they employ a certain minimum number of employees. In Colorado, that number is one or more.
- Cyber Insurance. Cyber insurance protects businesses from claims arising from data breaches. If you are handling sensitive personal information of customers, your business might consider mitigating the risk associated with that with a cyber insurance policy. Furthermore, such policies generally also help businesses respond to a data breach by meeting applicable privacy and data security laws such as providing notice to affected individuals.
- Directors and Officers (D&O) Insurance. D&O insurance generally provides coverage for claims against individual directors and officers for conduct they have undertaken in connection with their duties as directors and officers. These policies are a good way to shield upper management individuals in your business from potential personal liability and the costs that come with defending actions against them in their personal capacity.
Insurance Claims and Bad Faith Lawyer
If you have filed a claim on your business insurance policy and your carrier denied the claim, you might need to speak to an insurance lawyer. Insurance policies are complex documents, and an insurance lawyer can help advocate for you, the policyholder, and get your claim paid where the claim was wrongfully denied. Furthermore, many states have laws which punish insurance companies who deny claims in bad faith. In Colorado, for example, an insurance company can be liable for up to three times the amount of the claim if it is found to have acted in bad faith.
Insurance Coverage Policy Review Lawyer
Part of running a successful business is assessing and mitigating risk. Evaluating your insurance coverages in the context of your business operation with the help of an insurance lawyer can help save thousands of dollars in the future.
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The Hermele Law Firm is a Business Law. We are licensed in the states of Colorado And Wyoming.
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69 W Floyd Ave, Suite 306, Englewood,CO 80110