Denied Coverage? Here’s What Michigan Business Owners Can Do Next

Facing a denied business insurance claim can be stressful and confusing, especially when your operations or finances are on the line. At Willow Insurance Group, we understand how important it is for business owners to know their options during these difficult situations and take the right steps after a denial.

Common Reasons for Denied Business Insurance Claims

Understanding why your claim was denied can be a good first step in resolving or otherwise managing the situation. Insurance companies may deny claims for a variety of reasons, including the following:

• Incomplete or inaccurate claim documentation
• Missed deadlines for filing a claim
• Policy exclusions or limitations that apply to the situation
• Lapsed or unpaid premiums
• Disputes over the cause or extent of the loss

Steps to Take After a Denial

If your business insurance claim is denied, you’re not without options. Consider these steps:

1. Review the denial letter. Carefully read the explanation provided by your insurer. This letter should outline why your claim was denied and reference specific policy language.
2. Gather documentation. Collect all relevant documents, including your policy, claim forms, correspondence and any evidence supporting your claim.
3. Contact your agent. Reach out to your insurance company, as they can help clarify the denial, review your policy and discuss your options.
4. File an appeal. If you believe the denial was incorrect, you may be able to appeal. This process often involves submitting additional information or clarifying details about your claim.
5. Consider mediation or legal advice. In some cases, mediation or legal counsel may be necessary to resolve complex disputes.

We’re Here to Help

If you’re facing a denied claim or want to better understand your business insurance coverage, our team has the knowledge and experience to offer exhaustive aid. Contact us today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.