Why to File Immediately

It is important to file insurance claims immediately. First, the details are fresh in the minds of everyone involved. Second, any evidence that can back up the claim is also fresh. Before the insurance company will ever pay on a claim, they have to ensure the legitimacy of it, so there are going to be individuals investigating.

When you file the claim, you are going to have to provide a number of details and it is best you do so when the details are not a distant memory. You also want your witnesses fresh so that they can recall what happened. If they're not fresh, then very important details could be missed.

Claims Processing

Although you do want to make sure the insurance company receives fresh details, there is another reason why you want to file a claim immediately and that reason is that you don't want the process to drag on. It can be rather daunting to have the burden of a claim on your shoulders. Most individuals want to get the process over with.

The truth is that the process takes long enough. There are a number of steps that must be followed in order for the claim to be filed properly. The first step is processing paperwork on the claim. The insurance company will then need to see who the witnesses are. They will send an investigator to investigate the incident, including interviewing witnesses.

If there is any video footage recording the accident, the insurance company is going to have to review that footage. They will also need to review any accident reports if any were filed. They are doing this because they don't want to have to pay. They want to find every reason why they shouldn't have to pay, so they will work hard to find that reason.

The reason why the insurance company is looking for every reason why they shouldn't pay is because it is likely that you have paid considerably less in insurance premiums than what may be awarded to someone in a claim. This is good for you because it shows how your choice to have general liability insurance pays off. However, the insurance company wants to win.

But if the insurance company doesn't win, they will pay and that means you can go on with your business as usual. This benefits you, your employees, and your customers. In other words, the benefits are reflected on your bottom line.

Court

When a claim reaches court, the process is finally nearing its end. This is where an amount will be determined and the amount can be high, so keep this in mind and ensure that your insurance coverage is enough to cover high dollar award amounts. You don't want your company's bank account to pay the damages.

But not only does your insurance company end up paying damages, but there are attorney fees and court fees that are added to the cost. Your insurance company can take care of this for you as well. The idea is for you to be able to continue conducting business the way that you are supposed to and not have to dissolve your business to satisfy a claim.

So when you file immediately, you can increase your chances of winning your case and avoiding court all together. This means that your insurance company won't have to pay out the damages. This also means that everyone can go on as usual as fast as possible. From start to finish, you just want it to be over and you can ensure this by not waiting to file.

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PROVIDE BUSINESS INFORMATION

Quotes tailored to your business needs


2

COMPARE YOUR QUOTES

Quick quotes from multiple carriers


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SELECT & BUY THE RIGHT POLICY

Choose the right policy with a licensed agent

General Liability Insurance

Protecting Businesses Nationwide Since 1999