BUSINESS

Failure to Contact Your Insurer.

Right Away In the event of a loss or accident that could be covered by your policy, get in touch with your insurer right away.

When things are new and the evidence is fresh, claims are easier to change.

In addition, if you delay responding, your insurer may question the extent of the damage or injury.

Opportune notification of a misfortune is a state of numerous business insurance contracts.

The standard business property structure expects you to tell the back up plan instantly of any misfortune or harm.

Moreover, the ISO general obligation structure expects you to advise the back up plan when practicable in case of an event, offense, guarantee, or suit.

Your insurer may deny coverage on the grounds that you have broken the terms of the insurance contract if you fail to report a loss or claim within a reasonable time frame.

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