Covid-19 Business
Interruption Insurance Lawyers

Do You Have a Bad Faith Business Insurance Claim?

Not every insurance claim denial rises to the level of bad faith. There are genuine times when an insurance policy does not cover the type of loss your business sustained.

Insurance documents are purposefully long and complicated, and coverage depends on state insurance laws and the specific companies involved. It’s best to review your individual business insurance policy to see what is covered and excluded. If your COVID-19 business interruption claim was denied, you should look for policy language concerning disaster exclusions, or losses related to damage caused by or resulting from any virus, bacterium or other microorganisms.

If you still suspect your insurance company hasn’t treated your claim fairly, then meet with Oronoz & Ericsson, LLC today. You shouldn’t be penalized by an insurance company acting in bad faith.

Bad Faith Business Insurance Claims in Nevada

Under Nevada law, insurance companies have a duty to treat the people and businesses they cover fairly. When they fail to do so, it opens them up to legal action similar to a breach of contract or personal injury claim and exposes them to liability. This usually follows an unsuccessful appeal of the original decision and means filing a bad faith business insurance claim in which you must prove the following legal elements:

• You had a valid and current insurance policy with the insurer.
• You filed a claim with the insurer in the appropriate timeframe.
• The claim for your losses was covered by the policy.
• Your insurer acted unreasonably and knowingly denied your legitimate claim.
• You suffered financially due to the wrongful denial or delay in payment.

Bad Faith Insurance Lawsuits

Unfortunately, proving that your insurer knowingly acted unreasonably can be difficult and much of the evidence relating to your claim’s denial will be under the insurer’s control. While it is essential to keep track of everything you have relating to your claim, there are other internal communications and records that you won’t immediately have access to that may help establish they were acting in bad faith.

By initiating a bad-faith lawsuit, you can conduct a formal discovery period and gather essential documents directly from the insurer. This paper trail, combined with interviews, deposition, and a thorough investigation from an attorney can strengthen your position, bring them to the negotiating table, or convince the court that you were wronged and deserve compensation.

For instance, an attorney may work to establish a pattern of bad faith practices. This may include showing how other claims were also mishandled, or if the company culture encouraged automatic denials. By demonstrating these behaviors, it may be easier to prove bad faith.

At Oronoz & Ericsson, LLC, our team knows how to get answers and results. Our bad faith insurance attorneys are aggressive, resourceful, and relentless with years of experience dealing with uncooperative insurers.

Damages You Can Recover

When you’ve been wrongfully denied the coverage you were depending on, Nevada law allows you to recover several types of financial damages from an insurance company acting in bad faith. A potential settlement or award in a bad faith claim may include the losses they should have covered in the first place as well as damages you incurred because of their unjust denial.

Bad Faith Business Insurance Damages Include:

• Actual Losses for the value of the denied claim
• Out-of-pocket expenses related to defending your claim.
• Damages for mental anguish and emotional distress.
• Punitive damages if the insurer acted with fraud, malice or oppression.

The damages you can expect to recover will vary depending on the unique details of your situation. That’s why we encourage you to discuss the circumstances surrounding your insurance denial with an experienced lawyer from Oronoz & Ericsson, LLC.

We aggressively pursue the maximum possible amount of compensation for our clients, and we have a track record of success. We never back down from a fight, and never encourage our clients to settle for less than they deserve.

Work With an Experienced Bad Faith Insurance Lawyer

Whether you are a large casino/hotel on the Las Vegas Strip, a locally owned restaurant in Spring Valley, a gym in Paradise, or a salon owner in Henderson, the impact of being forced to close due because of the coronavirus is tremendous. You counted on your business insurance to be there if there was a fire or water leak. But a mandatory shutdown to protect public health has left you alone to figure out how to pay the bills with no money coming in for weeks or months.

If you carried the appropriate coverage, only to be abounded by your insurance company through a bad faith denial of benefits, you still have options to get the compensation your business needs.

At Oronoz & Ericsson, LLC, we understand what you’re going through and want to help. Let us put our decades of insurance industry experience to work for you in the wake of the COVID pandemic. We have the skill and resources to take on any insurance company, our aggressive team of trial attorneys know how to uncover bad faith tactics. Most importantly, we have what it takes to prove they owe you compensation.