Residential & Commercial Property Insurance Claims

What You Should Know About Business Interruption Claims

Business Interruption Claims

Once a disaster or calamity strikes your business, your workplace may become unfit for usage. Business interruption damages and losses may result from smoke, water, fire, hurricane, storm, mechanical breakage of huge equipment, and other factors. When this happens, your business may not be able to generate income while fixed costs, such as utilities and rent, may go on to incur.

This duration of business interruption will keep you from making use of the revenue that you would have otherwise generated. Hiring specialists who will assess your past financial records and ascertain this unusable income will be helpful in hastening the process of your business interruption claims, hence allowing you to get your payment quickly.

The coverage of a business interruption also involves the following:


  • The expenses incurred by a business during the time that the place of work is unusable — these expenses can be determined by specialists who will assess your past financial records.
  • The expenses incurred while relocating to a temporary workspace to resume operations — this needs sufficient proof. You will be compensated if this is covered by your insurance policy.

What To Do

In the case of a business interruption, contact your public adjuster as soon as possible. Also, make sure to secure your records and books in fireproof storages and back up your digital records off-site. Do the same with disaster recovery plans, insurance policies, and other valuable documents.

What Not To Do

Do not attempt to settle your business interruption claims on your own. It is advisable that you consult with your public adjuster first. Also, avoid signing any deals with remediation firms without asking for your attorney’s advice.

Your business interruption insurance is one of the most beneficial coverages that your business will have. The process of getting compensation for business interruption is generally time-consuming and complicated, and it really is wiser to hire a public adjuster to handle it for you. The team here at FLA Public Adjusting can provide you with comprehensive claims handling services, and they are experienced in dealing with both large and small business interruption claims.
A public adjuster Florida or any other area. such as FLA Public Adjusting, will represent you, and you will only need to pay for that professional’s services if your claim is granted. Statistics show that policyholders who got the services of a public adjuster for non-catastrophic claims were able to get 574% more compensation than those who did not.

Insurance companies hire their own claims managers and claims adjusters who represent their interests and help them pay less. It only makes sense for you to protect your own interests as well.