Business Owners’ Policy
Houston Bad Faith Insurance Lawyer
When an insurance company sells your business a single, all-inclusive insurance
package, this is known as a business owners’ policy, or BOP. Many
business owners spring for a BOP due to the purported convenience but
can find out that after a crisis has struck their business, the blanket
coverage provided by a BOP has holes in it. Insurance providers can use
the vagueness in the general agreement as a loophole to try to escape
their responsibility to support you financially.
If this has happened to you, taking action sooner than later may be your
best bet to set the matter straight and get the coverage you agreed upon
when you bought the business owners’ policy. Dick Law Firm and our
Houston bad faith insurance attorney have handled
insurance cases for our clients throughout the years. Call
833-7RIGHTS to start your claim with a professional’s insight.
What Should a BOP Cover?
In order to determine if your insurance provider has used
insurance bad faith tactics against you or not, you will need to better understand the business
owners’ policy you have purchased from them. It might be entirely
possible that the contract states that they will not cover you in a situation
that you could have reasonably assumed was indeed covered. If this is
the case, your claim is not over. If we can determine that the original
conditions of your BOP were stacked against you, we may be able to challenge
the insurance agreement as a whole.
Most business owners’ policies will include:
Property insurance: Actual damages to your business and any contents within, such as computers
and registers, are protected against theft, vandalism, and natural disasters.
Business interruption insurance: If an unforeseen catastrophe renders your business unmanageable during
repairs, your BOP should provide coverage for your lost income.
Liability protection: When a third party, such as a customer, suffers financial or physical
harm due to your business’s actions, or lack of action, liability
protection insurance should kick in and cover their expenses in case of
Coverage generally not provided in a standard BOP are:
- Professional liability insurance
- Auto insurance (your own or for employees)
- Workers’ compensation benefits
- Health insurance
Fighting for Your Coverage While You Run Your Business
Butting heads with your insurance provider after your business goes through
a hardship brought upon by one disaster or another will only serve to
slow your recovery even more. Let our Houston insurance bad faith attorney
take up your case for you. With us taking the reins, you can continue
to focus on your business and rest easy knowing that a confident, highly-experienced
team is handling the legal matters on your behalf.
Not sure where to begin? We offer
free initial consultations to all of our clients.