Our client owned a restaurant and had a policy providing 18 months in business-interruption coverage. A new agent solicited our client, where the agent informed him that the agent was an expert in procuring commercial property insurance policies.
During the quote process, and before purchasing a policy from the new agent, our client emailed the new agent a complete copy of his commercial property insurance policy, and requested that the agent matches or provides broader coverage than his existing policy.
After a fire severely damaged our client’s restaurant, our client discovered that the new insurance agent had negligently failed to procure the requested 18 months in business- interruption coverage, and had instead procured only business-interruption coverage for 90 days. We sued the insurance agent for failure to procure the requested coverage and recovered an additional payment of $121,000 for our client.