The Importance of Filing Claims in a Timely Fashion

One of the keys to having your insurance claims paid promptly is to file them in a timely manner.

Virtually all commercial insurance policies — from liability and workers’ compensation to commercial auto and property — require that a notice of claims be filed within a certain amount of time after an incident. For businesses that procrastinate, that’s a costly mistake when they learn their insurer refuses to pay the claim.

It may seem counterintuitive for a business not to file a claim when they learn of an incident, but there are a number of reasons a business might make this bad decision: The Importance of Filing Claims in a Timely Fashion