{"id":3472,"date":"2020-06-26T03:46:14","date_gmt":"2020-06-26T03:46:14","guid":{"rendered":"https:\/\/www.gaudylaw.com\/?p=3472"},"modified":"2022-08-10T18:03:58","modified_gmt":"2022-08-11T01:03:58","slug":"how-to-make-sure-insurance-companies-wont-deny-coverage-helpful-tip","status":"publish","type":"post","link":"https:\/\/gaudylaw.com\/business-legal-tips\/how-to-make-sure-insurance-companies-wont-deny-coverage-helpful-tip\/","title":{"rendered":"How to make sure insurance companies won&#8217;t deny coverage: Helpful Tip!"},"content":{"rendered":"\n<p>You\u2019ve taken great care in setting up your business, including purchasing various insurance policies to protect against potential claims and lawsuits.<\/p>\n\n\n\n<p>But what good are&nbsp;all of those hundreds of thousands or even millions of dollars of coverage if you can\u2019t use them?<\/p>\n\n\n\n<p><strong>Remember: Insurance companies write very specific provisions into their policies regarding grounds for which coverage can be denied.<\/strong><\/p>\n\n\n\n<p>If coverage is denied, then your business is left with the unfortunate responsibility of defending a suit with money out of its own pockets.<\/p>\n\n\n\n<p>One reason that an insurance carrier might deny coverage is failure to timely submit an insurance claim.<\/p>\n\n\n\n<p>Many businesses wait until they are actually served with a formal lawsuit before notifying their insurance company.<\/p>\n\n\n\n<p>But&#8230;<\/p>\n\n\n\n<p>Sometimes, that may be too late based on the language of your insurance policy.<\/p>\n\n\n\n<p><strong>You should notify your insurance company the moment that you first become aware of the existence of a&nbsp;<em>potential<\/em>&nbsp;claim, which could be months or even years before an actual lawsuit is filed.<\/strong><\/p>\n\n\n\n<p>If you get a letter from an attorney demanding a pre-suit settlement, you need to notify your insurance carrier.<\/p>\n\n\n\n<p>If you receive a complaint from a customer, you need to notify your insurance carrier.<\/p>\n\n\n\n<p>In doing so, the insurance company will not be able to argue that you delayed in providing timely notice of a claim.<\/p>\n\n\n\n<p>Here&#8217;s to protecting our businesses!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You\u2019ve taken great care in setting up your business, including purchasing various insurance policies to protect against potential claims and lawsuits. But what good are&nbsp;all of those hundreds of thousands [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[490],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/posts\/3472"}],"collection":[{"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/comments?post=3472"}],"version-history":[{"count":1,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/posts\/3472\/revisions"}],"predecessor-version":[{"id":6045,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/posts\/3472\/revisions\/6045"}],"wp:attachment":[{"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/media?parent=3472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/categories?post=3472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/tags?post=3472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}