Experiencing a commercial fire loss can be one of the most devastating events for any business owner. Beyond the initial shock and damage, the path to recovery often involves a complicated insurance claims process. This is where a licensed public adjuster becomes not just helpful, but essential.
Unlike insurance company adjusters who represent the interests of the insurer, public adjusters work solely on behalf of policyholders – you. Their job is to ensure you receive the maximum settlement to which you’re entitled. When it comes to fire losses, their expertise can make a significant difference in your recovery process. Here are the key areas a qualified public adjuster will address:
1. Structural Damage Assessment
Fires can cause both visible and hidden damage to your building’s structure. A public adjuster will conduct a detailed inspection to identify not only what’s immediately apparent, but also issues like compromised electrical systems, HVAC damage, or smoke and water infiltration that could be missed during a standard review.
2. Business Personal Property
This includes all the contents within your business – furniture, computers, inventory, equipment, and more. Your adjuster will inventory and appraise these items to ensure nothing is overlooked or undervalued in your claim.
3. Property Held in the Possession of Others (Bailee Insurance)
If your business involves storing or working on clients’ property (like dry cleaners, repair shops, or jewelers), you may be responsible for those items during a fire loss. A public adjuster understands how to navigate bailee insurance coverage and make sure these claims are properly filed.
4. Business Interruption
Time is money. A fire can halt operations for weeks – or even months. Business interruption coverage compensates you for lost income during the time your business is unable to operate. A public adjuster will help calculate accurate losses, often factoring in trends and seasonal variations to ensure you’re not shortchanged.
5. Extra Expense
This refers to additional costs incurred to keep your business running after a loss, such as renting a temporary location or expedited shipping for replacement equipment. A good adjuster will document and include these in your claim to ensure you’re made whole.
Final Thoughts
Filing a commercial fire loss claim is complex. Insurance policies are dense, and missteps can cost you thousands – or more. A public adjuster acts as your advocate, handling the technical aspects of your claim while you focus on recovery and rebuilding.
If you’re facing the aftermath of a fire, don’t go it alone. Bringing in a public adjuster early in the process can be the smartest decision you make for your business.
Contact Us for a Free Consultation
On-Site Adjusting is here to help. Contact us today for a free consultation and learn how we can advocate for you throughout your insurance claim.
Call us at (866) 861-4992
Email us at info@onsiteadjusting.com
