GET HELP - Business Income Loss Insurance Claims
Miami Dade and Broward
Loss of business income is considered a defined period of time when the normal flow of income is interrupted for any reason. Loss of business income can be detrimental to the business because during this time period, in a business does not have reserve funds, employees cannot get paid, bills will be neglected and the business can fall apart. In order to ensure that a business is covered in the case of such an emergency, it is important for business owners to seek out loss of business income insurance.
This can come as a result of many situations such as natural disasters, flood, fire, repairs being made to the building which houses the business, or any other situation in which a business is temporarily out of operation. Loss of business income insurance is essential in order to assure the policyholder that in such a case where their business is not operating normally, their loss of income is covered. Often, policyholders and insurance companies are in conflict over the length of time that the business interruption is covered for. Most policies state that the business interruption period ends when the physical damage to the property is repaired and returned to normal operation as it was before the disaster. Realistically, it takes some time for a business to recuperate time lost and income that was not generated. For this reason, most policies include an “extended period of liability” so that the business owner has a longer period of time to return to normal working conditions. Though the length of time that these policies extend for can vary, the standard among policy issuers has become one year or less.
Business income loss is a serious issue that can happen when least expected. The public adjuster in this situation of damage, works directly with the business to research and understand the full extent of the income loss. This can be unique for the various businesses; however, there is a clear road map that is used to fully analyze the damage and to represent the business during their insurance claim for business income loss.
Ths Youtube video is a clear explantion of business income loss insurance.
We are not affiliated with the insurance company referenced in the video. This is for demostration only and not to be considered an endorsement of their services.
Information Needed When Filing A Claim
Try to have as much of the following information as possible available when calling us to file a claim.
To start the claims process, we will need the following information:
If you are not sure if you need a public adjuster, give us a call at (305) 396-9110 or fill out one of our contact forms.