Experienced Public Adjusters specializes in commercial loss claims. This requires an adjuster to have the experience and expertise to understand Business Interruption Insurance.
Business interruption insurance (also known as business income insurance) is a type of insurance that covers the loss of income that a business suffers after a loss. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a loss has occurred
It differs from property insurance in that a property insurance policy only covers the physical damage to the business, while the additional coverage allotted the business interruption policy covers the profits that would have been earned. This extra policy provision is applicable to all different types of businesses, as it is designed to put a business in the same financial position it would have been in if no loss had occurred.
Depending on the complexity of your business a forensic accountant may be required to assist a Public Adjuster in negotiating a fair recovery of your financial position. Having a Public Adjuster is essential to helping negotiate and expedite the payments in order to keep your business sustain the time it will take to begin business operations again. Call An Experienced Public Adjuster Today for a Free Claim Review!