The Most Common Mistakes When Filing For Business Insurance In 2022

​When an issue arises in your business, make sure that you stay calm. This will allow you to make sound decisions even amidst the chaos of any business-related debates and problems. That being said, you cannot avoid some mistakes, and issues are bound to happen.

1. Failing To Inform the Insurance Company Right Away
   If you don't inform your insurance company of an issue, you may not be able to obtain coverage right away. Normally, the insurance adjuster will come as soon as you report to the company.
   
   However, if you do not report it right away, you may lose the chance to get estimates and proper computations or even help from the insurance company. You may not get good benefits from your policy if this happens.
   
   It would be advisable to report any incident that occurs within 24 hours. This way, your account of the event would still be fresh and authentic.
   
   
2. Filing an Incomplete Claim
   Even if you succeed in filing an insurance claim for your business establishment, whether big or small, if you don't do it thoroughly, you will not end up with the insurance benefits you are entitled to as the policyholder. You have to go through every accident detail when filing a report.
   
   
3. Not Taking Photos
   As part of evidence collection, you must take photos of the accident or have someone do it for you. This way, you will have evidence of the event as proof. This physical document can also help you promote your innocence if you did not cause the workplace accident in the first place.
   
   
4. Not Collecting Other Pieces of Evidence and Statements from Corroborating Witnesses
   This is another factor that you need to consider when clearing insurance. Particularly for business insurance claims, you have to get all the evidence regarding the incident. Pieces of evidence will strengthen your case against the other party.
   
   If you cannot do this, it may lead to more problems down the road. It also holds for theft and other manufactured issues that may cause problems for the business.

The Bottomline
If you want to improve your existing business insurance policy, you must gather all the physical and photographic evidence that you can. It will be easier for you to recall every scene of the incident. Failure to do so on time can lead to more problems in the long run. 

At Desmond Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (859) 491-5100. You can also request a free quote by CLICKING HERE. Coverage discussed in this article is not guaranteed. Please contact our agents today to ensure that your needs are being met and learn more about your policy. We are happy to help!