If your business has suffered from significant property damage, you may wonder if you should hire an insurance lawyer in Atlanta. At MBW Law, we understand that companies may be reluctant about contacting a legal team. This may be due to the concern of costs, reluctant to initiate the litigation process, and simply not knowing what to expect when working with a legal team. We encourage you to contact our legal team so that we can understand your needs and decide the best course of action for your situation.
Significant Loss can Occur From Property Damage
Depending on the severity of the damage to the property, the overall loss may involve more than the original damage, which may be expensive. However, the related damages could exceed the property damage itself, which we have seen in some cases. Some of the associated losses are listed below.
Lost productivity/downtime for employees
If property damage disables the ability for employees to work regularly, it could slow down or stop your business’s workflow and efficiency. For most companies, employee wages are the highest overhead cost. If your staff is unable to work safely, this will result in a significant loss of revenue for your business.
Loss of Customer Trust
If products or services cannot be delivered to your customers on time, you may lose their trust. Just because a customer is loyal to your business does not guarantee that they will stay patient forever. If they switch to a competitor, there is a chance that they may not shop with your company again even after you have fully recovered from the property damage.
Injuries due to Property Damage
If an employee or customer is injured due to property damage that occurred, your business may face additional damages in the form of personal injury or civil lawsuits. There are some cases where you are not informed that a lawsuit is pending, if not filed yet. If your company is found responsible for the injury, this could result in an extensive amount of damages.
If your business has filed a claim for property damages, but the insurance company is not acting in good faith, call MBW Law. We offer a no-obligation consultation to understand the complexities of your claim. We will work on your behalf to ensure that you receive the claim settlement that you deserve as a policyholder. To schedule a consultation, visit our website.