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How An Insurance Loss Assessor Can Help Following A Disaster

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If you run a successful small business having good insurance cover is crucial, and you would assume this would cover you sufficiently following a fire, flood or burglary. This isn’t always the case and when you require your business to return to normal as quickly as possible this will need to be addressed.

We all know that insurance companies will try and wriggle out of paying the premium when it comes to insurance claims – and when you are expected to deal with nuances of the claim yourself it can be nigh on impossible to get the kind of money you need to take your company forward following the disaster. In addition to this the insurance company will have appointed a loss adjuster to the case to investigate your liability and the extent of the cover as it relates to the claim.

If this all seems a little unfair then I would suggest you may be right. However a small business can use a secret weapon to combat the insurance company – know in the industry as an insurance loss assessor. An insurance loss assessor will be working for, and representing, you and your company. Working solely with you and your business in mind the insurance loss assessor (who will probably work on a no win no fee basis) will carry out the same research as the loss adjuster, will complete all the relevant paperwork for the claim and negotiate on your behalf. Because they are working for you (and on a no win no fee basis) you can rest assured that they will get the best possible financial payment for your business.

The insurance loss assessor will provide a true statement of what you have lost in the disaster and negotiate the settlement with the insurance company – getting you and your business what you are rightfully owed. Insurance loss assessors tend to specialise in fire insurance claims, flood insurance claims, theft insurance claims and business interruption claims. They do have access to a multitude of other professional in specialist areas so can accommodate virtually any claim you need them to.

When you have poured your life in to creating a successful business you don’t want to disappear into the dust following a disaster.

Business Insurance Claims and the Importance of Insurance Loss Assessors

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Running a small business can be stressful at the best of times – there just never seems to be enough time in the day – but if your business is the unfortunate victim of some kind of disaster it can be devastating financially and emotionally. It is crucial that you are prepared for such an event as fire, flood or water damage in order to give you business the best possible chance of survival following such a catastrophic accident.

Many small businesses assume that by having their insurance in place that if an event like this should befall them they will be fine. Whilst comprehensive cover is crucial you may also want to know about insurance loss assessors and how they can help you if there is a disaster at your work premises.

The phrase ‘insurance loss assessor‘ is usually mentioned in the same breath as ‘loss adjuster’ and often people assume that they are different names for the same job – which isn’t strictly true. A loss adjuster works for the insurance company and is appointed as soon as you have a made an insurance claim. Let’s say you have had a fire at your work premises, that has left you with little or no stock and has destroyed a good portion of your building – the first thing you will do is make your fire insurance claim. The loss adjuster appointed by the insurance company will investigate fully the events surrounding the fire. They will interview you, any potential witnesses, they will speak to the police (and if necessary hospital and fire departments) – all this is to check your liability in the accident and whether your insurance will cover the damage. As the loss adjuster works for the insurance company (also a business let us not forget!) they will try and keep the payout as little as possible – which will not aid your business to move forward if the figure is too low.

Enter the insurance loss assessor – essentially carrying out similar tasks, but for you. The insurance loss assessor will be employed by your business to act on its behalf in the fire insurance claim. The knowledge that the insurance loss assessor will bring will give you a fighting chance in receiving adequate compensation following the fire. Not only with the insurance loss assessor deal with all the paperwork surrounding your fire insurance claim they will also deal directly ion the negotiation of the claim with your insurance company.

Just by being aware of what an insurance loss assessor can do for your company will give you an advantage should you ever be the victim of such a catastrophic disaster as fire.