For any business, a flood, fire, or other major event has a direct impact on their bottom line. However, for a small business, with limited assets and capital — these events are especially troubling. If you are a small business owner who needs to file a claim for this type of damage, you can benefit immensely from having a public adjuster on your side.
1. Claim Value Accuracy
Often, there is a lot of conversation about insurance companies underpaying claims. However, there are two sides to the story. On the one hand, yes, some insurance companies may use deceptive practices to lower payouts. Yet, on the other side, some people don't accurately assess the value of their claim, and as a result, they walk away with less money to put towards rebuilding or repairing their business than they deserve. Public adjusters work with you to value every element of your claim from property damage to lost wages to inventory concerns, precisely.
2. Time and Focus
If you are fortunate enough to keep your business in operation while you wait for your claim to be finalized, you probably don't have extra time on your hands to deal with a sometimes long and meticulous claims process. Particularly with small business owners, there is no huge support staff to rely on; you have to handle just about everything on your own. Accuracy is essential when it comes to handling a damage claim, as a single mistake can delay a claim or even lead to a denied claim. Public adjusters take over the claims process so that you don't have to. You can devote your time and effort to rebuilding your business for even greater success than before the damage.
3. Shorter Processing
The idea of filling a claim on Monday and receiving a payout on Friday is more of a fairytale than a reality, even when all the required information is provided. However, whether it's a request for information from the insurance company or a delay in the time it takes you to send in a signed document, all of these pauses further extend the time it takes to receive payment for your insurance claim. Public adjusters focus their time and energy on your claim, so whether it's a response to a document request or sending over a signed form, they will keep your claim moving on track so that you receive your settlement in a shorter amount of time.
A public adjuster is there to help you through every facet of your claim. For more information or assistance, contact services such as Claims International.