Good insurance recovery litigation starts before the claim is filed. At Fr Law Group, we’ve seen hundreds of businesses go through the claims process, and we know what you need for a successful outcome. A simple coverage analysis will ensure that you have the right policy. Our years of experience as one of the leading law firms in Phoenix make us the ideal choice for holding your insurance provider to their word.
One of the things that FR Law Group prides itself in is we know our clients. We know their business. That gives us the ability to advise them on the best coverage for their business. If we don’t understand the client’s business, we will not understand the coverages they need.
As Arizona insurance bad faith lawyers, we often see that businesses just give up on claims because they don’t understand their coverages. What we have to do at Fr Law Group for many claims that come to us is tell them, “You’re not covered.” This makes us sorry they didn’t come to us in the first place to ensure their policy is air-tight.
Not every claim is good. But also, not every denial is right. That is why we say excellent insurance recovery litigation begins before the filing of the claim. A lot of companies try and do their insurance policies by themselves. Without the help of an FR Law Group Arizona insurance bad faith attorney, your businesses can just get trampled.
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What is Bad Faith?
When a firm sustains significant damage, it is critical to address the situation quickly. Without it, the cost of the lost business alone may exceed the initial harm. Naturally, firms get commercial insurance for this reason. That is also why an insurer’s failure to meet its obligations to a business can be so disastrous.
Regrettably, many commercial casualties entail substantial monetary damages, providing an incentive for the insurer to delay action. This might be due to a variety of factors, including the following:
- The insurer wishes to exert pressure to obtain a favorable settlement
- The insurer is really interested in ensuring that everything is in order before forking out that enormous sum of money.
- The insurance wishes to retain as much of its money as possible
- The insurer wishes to save its funds as long as possible
- The last two place the insurer’s financial interests ahead of the business’s legitimate policy interests and may provide grounds for a bad faith claim.
It’s critical to get all the equipment, fixtures, and other things back up and running. It’s also critical to get reimbursed for any missed revenue while you’re waiting for that to happen. A running commercial concern can’t function if claims are denied, paid late, or paid less than necessary to make the firm whole.
Any of these circumstances may support allegations of bad faith against an insurer. In the long run, it’s in your best interest to have the facts reviewed by competent lawyers who understand bad faith law and business insurance.
Fighting negligence and bad faith actions of insurance companies
Businesses who have had to deal with the tiresome process of suing an insurance company know all too well the difficulties involved. When dealing with many insurance companies, expect unreasonable delays, omissions of information, and outright denials of claims.
We safeguard insured businesses from insurance companies’ bad faith behavior. We have the skills and resources to fight for the insurance reimbursement you deserve because of our many years of experience.
Each claim is treated as a number by the insurance company. The insurance adjuster’s role is to preserve the insurance company’s interests by settling claims for the least amount feasible. Our customers are more than just a case or a number to us. Clients in Phoenix, Arizona, who work with the FR Law Group know that they will receive personalized service and aggressive representation.
This is why we spend the time getting to know each customer individually. In response to their concerns, we pay close attention and work hard to make sure their case is heard. Our Phoenix bad faith lawyers will hold insurance companies accountable.
Effective representation against insurance companies’ bad faith practices
Every insurance contract has a covenant of “good faith and fair dealing,” explicitly stated or assumed. The insurance business owes you an honest relationship. Conversely, you owe an honest relationship to the insurance company, too. This includes the insurance company’s obligation to promptly and completely pay out valid claims.
While not every negative action an insurance company takes constitutes bad faith, our lawyers are aware that these organizations try hard to deny your claim. To keep them accountable for the services they committed to giving, you require an ally who will put in even more effort than you. Our tenacious Phoenix insurance bad faith attorneys have battled with insurance companies in a range of bad faith actions, including:
- Denials that are just absurd – Occasionally, the insurance provider refuses to pay out benefits under the policy because of a hasty decision. If they’re mistaken, they’ll say the insurance doesn’t cover the occurrence.
- Negligence on the part of the insurance agent – Insurance agents are also held to a higher standard of care by their job duties. Insurance companies may be held liable for damages if they give false information to consumers or fail to complete necessary documentation on time.
- Delays that are excessive – Delaying the claims procedure is another prevalent strategy. They might ask for more information all the time or refuse to engage with you at all.
- Compensation was cut by half – An example of this is when the firm offers a payout much lower than the policy’s maximum allowable amount. Claims adjusters may try to explain this by unfairly dismissing certain damage claims made under a policy.
Our Practice Groups:
Our attorneys possess expertise in a variety of legal areas that allows us to handle straightforward matters as well as the most complicated of legal issues. We represent individuals, families, businesses, corporate giants, and non-profit organizations.