Eleven Business Insurance Tips For Business Owners – Guidance From A Certified Professional Public Adjuster

research includes determining the total amount that is owed under all sections of your policy. Claims take a long time to settle. The more time and effort you spend valuing your claim, the higher your ultimate settlement will be. How much business have you lost? What is the value of the inventory or operating equipment that was damaged or destroyed?

Start your business inventory immediately. This can be a very lengthy and detailed process. Invoices and other Vendor records are useful so start to compile your list of damaged property immediately after the disaster. Start the list and then come back to it as you remember other items and materials. If you wait to start the list, it is very likely that you will not remember to write down all of your items.

The insurer will have a team of adjusters that will read and interpret the language of the policy as THEY believe it to be. I believe it is a natural conflict of interest for the insurer to attempt to represent the interest of the insured as well as themselves. The less money an insurer pays on a claim, the more profitable they are for their shareholders..  It makes sense then for you to hire a licensed public insurance adjuster that will work on your behalf with a goal of settling for the maximum you are entitled to under the terms of the policy.

Does every loss require the expertise of a public insurance adjuster? No. There are many situations that may not require a public insurance adjuster.  The claim may be too small