What Florida Business Owners Need to Know About Property Claims (Audio Only)

This course, presented by Nicole Vinson of Merlin Law Group, will cover issues Florida business owners have faced in the wake of hurricane claims and other catastrophic losses that impact not only their business property but also their business income losses. The course will provide an understanding of basic insurance issues that any business owner can learn from reviewing the coverages on their current policy, and also explain certain additional coverages that may be available.

The second part of the course will cover more detail of the claims process under a business policy and the presentation of the claim. Topics include the duties under the policy, submission to an examination under oath, understanding proof of loss requirements, and the mitigation of the damages requirement. Finally, issues relating to valuation of losses will be addressed including replacement cost value and actual cash valuations but also a discussion of appraisal of business losses.

Learning Objectives:

1. Identify insurance coverage and optional coverage for Florida businesses
2. Detail what to expect when presenting your claim to the carrier after a disaster has impacted the area
3. Examine what the policy pays and when it sends the check for your business with the particular claim
4. Discuss the option for appraisal for businesses that can help during a time of natural disaster, a provision that policyholders should fully understand