St. Petersburg Insurance Malpractice Attorney
Business Law Attorneys Assisting Clients with Insurance Malpractice Claims
It is important for every business owner in St. Petersburg, FL, from sole proprietors of small businesses to shareholders in large corporations, to recognize that the insurance company is not on your side. While running a business means that you must have certain types of insurance to protect yourself and your business against a wide range of liabilities, you should always remember that the insurance company will be most concerned about its own bottom line.
Whether an insurance company is negligent or acts in bad faith, if your business suffered any losses, an experienced St. Petersburg insurance malpractice attorney can help you to hold the insurer accountable.
Types of St. Petersburg Insurance Malpractice Claims We Handle
Insurance malpractice can involve an innocent mistake made by an insurance company that results in businesses losses to intentionally bad behavior. At Saady & Saxe, P.A., we routinely represent individuals and businesses in insurance malpractice cases involving, for example:
- Insurance negligence in processing a claim;
- Insurance negligence in a business audit; and
- Insurance bad faith.
Insurance Companies Can Make Mistakes in St. Petersburg
Like other professionals, insurance companies and their adjusters can make mistakes due to careless behavior. Indeed, insurance negligence—even if the insurance company does not intend to make an error in evaluating and paying out your claim—happens more often than you might think. While your business may be relying on the insurance company to receive compensation for an accident on the commercial property that has required the business to close for repairs, you could end up waiting much longer than necessary due to an adjuster’s error. Other mistakes can also be costly for a business. For example, if an insurance company misreads your claim and wrongfully denies your claim, you could end up losing business days and income as a result. Or, for instance, an insurance adjuster might forget to begin the investigation on your claim because of a document misfiling, and your claim could be delayed for weeks, months, or even longer.
Even when an insurance company does not set out with the intention of improperly denying your claim or improperly delaying your claim, these mistakes can happen. You may be able to file a negligence claim against the insurance company. An experienced St. Petersburg insurance malpractice attorney can discuss your options with you for seeking compensation for your business losses.
When An Insurance Company Acts in Bad Faith
While some insurance delays or claim denials occur because of negligence, others can happen as a result of insurance bad faith. Under Florida statutory law (Fla. Stat. § 624.155), businesses and individuals who experience harm or loss as a result of insurance bad faith can be eligible to bring a claim against the insurance company. Examples of insurance bad faith can include but are not limited to the following:
- Misrepresenting an insured’s benefits under a policy;
- Not attempting to settle a claim in good faith when the insurer should have done so if it had been acted in a fair and honest manner;
- Failing to provide insureds or beneficiaries with details about the coverage under which claims are being made;
- Failing to investigate claims in a timely manner; and/or
- Failing to promptly settle a claim when the obligation to do so has become clear.
Contact an Insurance Malpractice Attorney in St. Petersburg
If an insurer caused harm to your business due to negligence or bad faith, one of our aggressive St. Petersburg insurance malpractice attorneys can help. Contact Saady & Saxe, P.A.for more information.