Business Income and Extra Expense Claims.

When a business has to shut down due to a loss, it does not earn any income until the business reopens.  In addition, extra expenses may be incurred in order to speed up the restoration process and allow the business to open up sooner.

When you need us most…

Steadfast Public Adjusters is ready to assist.

business-cons-workerEven if your business lost money at the time the loss occurred, it may still be entitled to a claim payment under this coverage should there be a business interruption.  This is because the amount paid under this coverage is based on a formula that takes into account continuing expenses that are incurred during the period of restoration.  Although it is part of your Business Income policy, insureds are not completely aware of the formula used to calculate the amount due them nor what is needed to document and prove up the loss.

In addition, an insured may incur additional costs during the time operations are interrupted for items needed to resume operations quickly.  Some of these expenses, such as moving into and paying rent for a temporary location while the damaged location is being repaired are obvious.  There are also other expenses that are paid that may be overlooked because you are too busy trying to resume operations quickly to identify and document them.

Your insurance company won’t help you with assembling the documentation needed to support your claim.  Because they won’t help you, they will settle the claim based on inadequate documentation that you submitted because you were unaware about what is needed to support your claim, and are dealing with an insurance company that won’t provide you with the needed assistance.  The result will be a check that is less than the actual amount of the loss that was sustained.

As public adjusters, we have over 40 years of combined experience in working for insureds to achieve the maximum possible settlement.  We understand how the loss settlement provisions of your policy work, as well as the terms and conditions of your policy and have the expertise to prepare, document and present your claim to your insurance company to get the maximum settlement possible.  We also will serve as your advocate and make the case for your position when your insurance company undervalues or denies your claim.

We will also provide you with the personal attention the insurance company doesn’t have the time or the bother to give you.  We are committed to keeping you informed of your claim’s status, educate you and answer any questions you may have throughout the process. 

Contact us for a no cost or obligation evaluation of your policy and claim so we can show you what we can do.  We not only work with claims from the beginning to resolution, but also can reopen claims to serve as your advocate if your claim has been wrongfully denied or has been settled for less than what it is actually worth.

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About us

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Steadfast Public Adjusters is headed by Justin Davis; who, along with his team, have over 40 years combined experience handling property claims on behalf of insureds like you.

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