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Recovering Extra Expenses From An Insurance Claim

Extra expense coverage for businesses is designed to minimize the financial damage, loss of clients or loss of market share as a result of an insured loss. It compensates an insured business for those extra expenses incurred as a result of the insured attempting to minimize the financial damages and the suspension of business and to continue its operations.

Compensable expenses may include:

  • The excess costs an insured would not normally face in its day-to-day operations, but must expend after a loss to avoid or limit the suspension of business
  • Operations at a temporary location
  • Costs associated with restocking the business to continue its operations and avoid a loss of market share or clientele

Contact Our Firm For Experienced Counsel

If you have experienced these types of extra expenses and your insurer has failed to honor its promise and delayed payment, denied your claim, asserted a lack of coverage, attempted to pay less than the claim’s true value or in any other manner adjusted the claim improperly, Wells Law Group, P.A., can help make your business whole again.

To schedule a free initial evaluation at our Tampa, Florida, office, contact us online or call 813-413-7377. After you retain our services, you will work directly with attorney Kim Wells, who will put decades of legal experience to work for you.