Business Insurance Claim

Business Claim Help from Experienced Public Adjusters

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A business claim can be highly complex and the slightest oversight could translate into substantial unclaimed settlement money and loss of precious time.

Our public adjuster firm will assemble the right team of claim experts, specialized property insurance appraisers and the necessary resources to ensure you receive the quickest and most accurate settlement. This, while you focus on restoring your business and everyday life. We work for you, never the insurance company.

With over 50 years of combined experience and unparalleled expertise handling business claims, business interruption claims, construction, forensics, meteorology, and engineering, we have all of your needs covered. We are adept at interpreting policy language and think beyond the limited scope typical of an insurance company’s investigative approach.

Tips to Ensure Your Business Claim is on Track

Regardless of the type of claim you’ve filed, while going with the flow and following your insurance company’s lead may seem the easiest route to take it often comes with a downside risk.

In nearly all the claims we’ve worked, there has been a significant difference between what the insurance company OFFERS and what it should contractually pay per the policy provisions and thorough assessment and adjustment of the property insurance loss.

We’ve seen countless business claims and business interruption claims denied or underpaid because of a lackadaisical assessment of damages and sloppy adjusting from insurance companies.

You don’t have to allow your insurance company to dictate the pace and settlement of your claim.

  • Request a certified copy of your insurance policy ASAP
  • Compile your OWN business property inventory
  • Obtain at least 2 independent estimates to gauge the TRUE cost to rebuild or restore a damaged structure or building to its pre-loss condition.
  • Gather copies of tax returns from the previous 3 years, profit and loss statements, lease agreements and inventories.
  • Document every point of communication with the insurance company.
  • Consult with a trusted and experienced public loss adjuster ASAP if you’ve been required to submit a Proof of Loss form.

From Business Interruption to Extra Expenses – Consider and Collect all Coverages

In our experience, even the “best” insurance companies and many inexperienced public adjusters overlook coverages and incorrectly value and adjust part of claims. Every aspect of your insurance policy should be given due consideration by you, your insurance company adjuster and/or a trusted public adjuster:

  • Loss of Use / Loss of Rents – This “loss of business income” coverage protects a commercial property owner from lost revenue associated with an inhabitable property resulting from a covered loss.
  • Business interruption – Business interruption covers losses that result from the business being interrupted due to a covered event. For example, if wildfires force your business to close for several weeks, your business cannot longer operate and make a profit during the interruption.
  • Extended coverage – Extended business interruption insurance coverage addresses the fact that once an interrupted business reopens, it often takes time for it to reach its same pre-loss income levels.
  • Continuing expenses  – Continuing expenses coverage pays for expenses that continue despite the business’s disruption such as payroll and the interest portion of the business’s mortgage.
  • Extra Expenses  – Extra expenses coverage pays for those expenses that your business incurs that it would not have incurred if the property was not damaged. For example, if you must rent office space while your office is rebuilt, that is an extra expense resulting from the property loss.

 

WHAT RON SAY’S ABOUT BUSINESS CLAIMS:
Ronald Delo

Ronald Delo

“These claims can be very complex and challenging even for a seasoned claims professional. Often times experts such as forensic CPA’s and cost and valuation engineers are needed to accurately re- document or substantiate a claim that has been underpaid or denied. Failure to get the right experts involved will end up costing the insured a lot of money.”
Get more expert answers about Business claims by visiting our FAQs page.

Let Us Help You Get Where You Need to Be.

At Insurance Claim Consultants, we act quickly and aggressively on your behalf to show the insurance company what they owe you. We can help during any stage of the business insurance claim process, even if your claim has been denied, underpaid or is at a standstill.

Our 100% success rate winning our clients larger settlements speaks for itself. If we can’t earn you a larger settlement then you us $0.

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