You may feel relieved because you have an insurance policy if you have suffered a loss. However, the situation may become stressful if the insurance company denies your claim. The insurance company must give you a reason when they deny your claims. Here are some reasons why insurance companies commonly deny claims and what you …
Robert S. Schwartz, Esq. Governor Murphy and the New Jersey Legislature worked together this year to enact significant tax legislation. One aspect creates a property tax relief tax program for senior citizens via the Gross Income Tax Act (“GIT Act”). One aspect makes numerous changes to the Corporation Business Tax Act (“CBT Act”). In the …
E-bikes have changed transportation and the way that deliveries are made. Courier businesses and other delivery services have increasingly turned to e-bikes to help riders navigate busy city streets. These vehicles are street-legal, but they operate differently than standard bicycles. A business could have legal risk and exposure if an e-bike driver is involved in …
Technology is changing how insurance companies operate and provide services to their customers. The past few years have seen quantum leaps forward in the technologies available to insurance companies. The hope is that these advances will help both the customer and the insurance company, providing better coverage for a more affordable price. Here are four …
The amount of tax you owe the government results from a year’s worth of tax planning. The federal and state tax laws are complicated. An experienced attorney can help you with tax planning, putting you in a better situation come tax season. Tax Laws Are Extremely Complex Tax planning is all about being proactive. You …
If the IRS sends you a letter informing you it will conduct an income tax audit, you face official, federal procedures involving your wealth and money, whether modest or great. IRS Revenue Agents conduct audits. They are trained professionals deputized to assess additional taxes, interest, and penalties against you or your business, assuming the facts …
The recent smoke over much of the Northeast from the Quebec wildfire has made more people afraid of a potential wildfire damaging their homes. With rising temperatures and prolonged droughts, wildfires are no longer limited to the West. Homeowners often wonder what types of damage their insurance policy will pay. The answer is that it …
You may need to hire a lawyer to deal with the insurance company on your behalf to get you the money you deserve under your policy’s terms. Without one, the insurance company could get away with shortchanging you or denying your claim entirely. Claimants may experience complex coverage disputes in the following types of claims: …
According to a Wall Street Journal article, multiple hedge funds are making bets on COVID-19 business interruption claims. The early days of the COVID-19 pandemic spurred many lawsuits against insurance companies. Relying on the language of business interruption insurance policies, insurance companies denied many claims for losses that businesses suffered when they were forced to …
Misrepresentation is a risk in practically every type of insurance policy. Insurance companies rely on the information provided by applicants at the beginning of their relationship to properly set the premiums. Insurance companies are in the business of taking on risk, and they need to know how much risk they are assuming. Although insurance companies …
