Independent Business Interruption Claims Adjusters
Since 1994, Empathy Claims has been providing the finest independent insurance adjusting and appraisal services that the industry has to offer. We have proudly helped many insurance companies and self- funded entities with a wide variety of claim adjusting assignments.
Business Interruption Claims Adjusting
When a policy includes business interruption (or business income) coverage, its purpose is to protect against the loss of revenue that a company could experience after an event takes place that prevents normal business operations from continuing. Loss of income can come from many sources, but usually results from the closing of a business due to a fire, theft, wind, or other covered peril.
Determining the exact amount of financial loss that a company has suffered during a business interruption can be complicated and an insurance carrier must be extremely diligent during their fact finding process in order to determine an accurate amount of revenue loss.
Business interruption policies are normally purchased as a part of a full commercial general liability insurance package, which includes coverage for property, liability, contents and other protections. When business interruption claims are filed on a standalone basis, it takes special knowledge and experience to adjust them promptly and accurately.
As a result of the COVID-19 (coronavirus) pandemic, your company may experience an influx of business interruption claims for those businesses that have had to close temporarily as a result of state Shelter-in-Place mandates. Our professional team of adjusters stand at the ready to provide your company with a prompt investigation of the claim, determining if there are any direct physical losses that the business sustained and investigating and adjusting the claim documentation for the loss of income.
Insurance Adjusters For Business Interruption Claims
You can count on the highly knowledgeable team at Empathy Claims to adjust your insurance company’s business interruption claims with great skill, promptness and efficiency. There are many financial factors that must be assessed during the adjustment of a loss of revenue claim. These include:
- Loss of Profits – An accurate estimate of the loss of profits a business has suffered is critical to determining the financial harm that has taken place.
- Fixed Costs – Utilizing historical data, an assessment can be made about the ongoing costs a business will incur while out of operation.
- Temporary Location – Some businesses will incur additional expense if they are forced to move temporarily from their primary location.
- Extra Expense – Costs will be reviewed that a business would not have incurred under normal company operations.
The highly knowledgeable team at Empathy Claims has many years of experience in accurately analyzing business financial records on behalf of our insurance carrier clients in order to determine with a high degree of accuracy the exact extent of financial loss an insured has incurred. We also have highly qualified forensic accountants who can assist in reviewing all documentation from a business interruption claim.
Contact Us Today
Business interruption claims can be complicated and it is best to partner with an experienced, independent adjusting firm like Empathy Claims to be your advocate in the field. We are proud of the reputation we have earned in the industry for our top-quality adjusting work and second to none customer service. Let us put our many years of business interruption policy adjusting experience to work for your insurance company’s claim operations.