Business Interruption
Having your business interrupted can be incredibly stressful. Crestview Public Adjusters can alleviate the burden
Business Interruption can be incredibly overwhelming. Make sure you have the right people on your team.
Business Interruption Insurance Coverage
Business interruption insurance policies are designed to cover loss of revenue or profits that are caused by an insured event. Business interruption insurance is usually included in a General Liability Insurance policy. The claim for this type of coverage is made when there is a covered cause of loss, such as fire, windstorm, vandalism, malicious mischief, rioting, civil strife, or acts of terrorism. Here are the steps to file a business interruption insurance claim: Contact your agent and provide them with as much information as possible. This includes the date and time of the loss, where and how things started, what type of business loss it was, and any other losses sustained.
However, there are always insurance questions that come up. What is covered? What isn’t covered? How much will my claim be worth? Who pays for this? What if my claim is denied? Can I appeal this decision?
This is where a business interruption public adjuster can step in to help out. Public adjusters are agents representing the interests of policyholders in the settlement of claims arising from property damage. The job is to investigate and analyze claims. This can be done by looking at historical data, such as weather records and other similar incidents, to determine what should happen with a given property damage claim.
Public adjusters are licensed professionals that take care of property owners’ insurance needs, including property loss or damage caused by natural dissasters and other related events.
Losing Business Because of Property Damage
Running a company can become very difficult without having the right types of business insurance. One of the types that most business owners need is called business interruption insurance. This type of insurance can help replace the income business owners may lose when they temporarily can’t open after a covered loss, such as property damage.
If your business was interrupted, here are a few of the examples of losses you can be compensated for:
- Lost revenue
- Employee wages
- Rent or lease payments
- Taxes
- Relocation costs
- Loan payments
Making a Business Interruption Claim
At Crestview Public Adjusters, we work with you to make sure that your coverage includes any business interruptions that impact your business. We understand how these interruptions can limit your customers and we recognize how it affects your ability as a business owner to provide services to them.
With the many ways that one’s business can be affected on a regular basis, our job as public adjusters is to make sure the viability of your business isn’t at risk. You need a team of professionals who can make sure that your claims are filed with all the documentation necessary to help you recover from this loss.
