Why Business Owners Need Public Adjusters When Disasters Strike their Property

January 4, 2019
Home / / Why Business Owners Need Public Adjusters When Disasters Strike their Property
A dim empty warehouse before natural disaster strikes

When your business is interrupted by fire, weather, a natural disaster, or other major disruptive events – your employees, shareholders, customers, and the insurance provider will all be acting in their own best interest to keep their own bottom lines on the track. Your first priority will be to examine your insurance policy and attempt to understand it well enough to prepare a claim. A lot of people are counting on you, as you work to maintain your business. But do you have time to study insurance while assets and associates are draining away?

You rely on a team of legal and business professionals such as a lawyer, accountant, risk management professional, and insurance broker to help you through difficult processes. Your insurance provider also has professionals working in their best interests. After a major disruptive event, your insurance provider will send their own insurance adjuster whose job it is to make sure that your insurance company pays the least amount possible to cover your losses.

In the wake of a disaster, insurance adjusters are like lawyers in a legal dispute. As lawyers, they are conversant in the rules, laws, and policies that govern how your policy works. Your insurance provider is out to protect their own interests, and their private adjuster will work to protect those interests. That’s why you need a public adjuster to examine your policy and determine what’s best for you.

A public adjuster is an insurance professional who understands the ins and outs of your business insurance policy and can quickly determine what coverage you are entitled to. Your public adjuster is an expert, licensed insurance professional with their own team of insurance professionals. These insurance experts have handled numerous cases just like yours. They will understand all the ins and outs of your claim and will review your policy to determine what’s best for you. Best of all, your public adjuster will work closely with your team of trusted advisors to protect your interests.

Your public adjuster will:

  • Review your insurance policy fully to determine what you are entitled to
  • Collaborate with you in complete confidentiality
  • Develop a comprehensive claim strategy designed to provide you with all of the coverage you are entitled to according to the terms of your policy
  • Determine any policy compliance issues to help prevent or mitigate any factors that could hurt your claim
  • Draft a highly detailed valuation of your facility, assets, equipment, and inventory losses
  • Create your business interruption claim, or claims

Your public adjuster will keep you informed at every stage of the process. But most importantly, he or she will negotiate with your insurance company on your behalf to make sure you receive all of the coverage you deserve after your disaster.

Managing a full recovery after a disaster is a full-time job and one that will require your full and undivided attention. This will be a difficult time for you, your team, and your employees. By allowing you to focus on planning and rebuilding to keep your business afloat, your public adjuster will save you time, stress, and money after your disaster.

Don’t let the insurance company keep you in the dark as you work to protect your interests after a disaster. Let a qualified Public Adjuster stand in your corner during this difficult time.