Public Adjusters for Commercial Business Interruption
An interruption to your business can be difficult to measure.
Business interruption insurance is meant to cover the amounts you would be expected to earn if the disaster had not happened and suspended your operations. When negotiating a business interruption claim with your insurer, a key part of a business interruption claim is determining the extent of the period of interruption and for how long the insurer will pay on the claim. There are several areas of business interruption claims that can be subjective, so it may not be a straightforward discussion with your insurer. If they are tending to their interests, who’s looking out for you?
Our public adjusters have unmatched experience in successfully negotiating business interruption insurance claims to help you to mitigate the extent of your losses. We evaluate all the variables of your loss and prepare a comprehensive claim to present to your insurer to help you achieve financial recovery and get back in business.
What To Focus On After Business Interruption
Can my in-house accounting staff handle my claim?
Should I give the insurance company’s accountant everything he/she is asking for right away?
Will the insurance company advance money to continue my operations?
Why is a claim strategy so important?
Am I impacted by coinsurance?
Can I keep paying my employees?
The insurance company is engaging a forensic accountant. What is his/her role? Why can’t you just have your accountant prepare your claim? Understand that you will need to share your financial statements. You may also have to produce your tax returns. Can you recast your financial statements? If so, why?
Is there coinsurance in your policy? If there is, what does it mean? If there is, did your insurance adjuster explain it to you?
Are you entitled to an advance from the insurance company? What is reasonable?
Utilizing proformas/budgets to calculate loss of income.
What are expediting expenses? How do they differ from extra expenses?
What are extra expenses? What can be included?
How do you project lost sales? What about new products? Sales declines?
Credit for continuing sales. How are they calculated? What if you have another location and your policies are not blanket? What if they are blanket?
What is the extended period of indemnity, and how does it work?
What happens if you open your business elsewhere and you are successful? What if you are not successful?
Can you continue to pay your employees?
“Ordinary” employees vs. “Key” employees. How do they get classified? What is covered?
What is your broker or agent’s role? Will he/she be adjusting the claim? How many claims has he/she handled? Will his/her role be active or passive? Does he/she have an accounting degree? When faced with supporting your position or the insurance company’s, where will he/she stand?
Property Damage Losses Commercial Claims Recovery Process
Industries Our Public Adjusters Have Helped
Client References & Testimonials
- 108 Owners Corporation Manhasset Condo
- 1618 14th Street, NW, LLC
- 17th Street Revocable Trust
- 18749C N. Frederick Corporation
- 2108 Bolton Street
- 245 Granby, LLC
- 380 York Road Associates
- 388028 British Columbia Ltd., Inc.
- 3D Treats, Inc./dba Dairy Queen
- 517 S. Broadway, LLC
- 53rd Street & Madison Tower Development LLC
- 732 Maryland Avenue Partnership
- 918 North Charles-Acquisition LLC
- A & D Convenience
- A & G Management
- ABC Carpet & Home
- Aberdeen Village
- Absecon Home Center
- Accuworks, Inc.
- Acme Paper & Supply Co.
- Acri Graphics
- ADA Association
- The Advanced Development
- Advanced Petroleum, Inc.
With your help, we were able to obtain a fair and equitable settlement which far exceeded what we could have done on our own. The expertise of your staff and the way they assisted us in preparing and negotiating the claim was invaluable.Norman W. Clapp, Jr.V.P. Finance - Conquest Carpet Mills, Inc., Dalton, GA
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