My Business is Inoperable due to Property Damage - What Can I Do?

For business owners, damage to your commercial property is often a one-two punch financially speaking. Not only must you spend time and money repairing your property, but your business will likely have to close for a period of time resulting in a loss of income. This is not a hopeless scenario for business owners, as usually commercial property insurance policies include coverage for loss of income in exactly these situations. However, successfully recovering these funds is a difficult process. What is the best course of action for you as a business owner to take in order to effectively serve your fiscal needs during this time?


First and foremost, records of your gross revenues for the past year will be a critical component of any attempt to receive a payout for lost income. As a successful business owner, you likely already have these records either in raw data form or a spreadsheet for tax purposes. If you’ve not already done so, begin compiling and assembling this data in a way which clearly demonstrates your monthly gross and net income for your business for the past 12 months. This is what your insurance carrier will base their settlement amount on, so be absolutely certain every dollar is accounted for as you do not want to leave money on the table.


When it comes to the actual negotiation with your insurer, this process is best left in the hands of professionals. A competent public adjuster will be a boon to you during this difficult time - as a successful business owner, your time is valuable and best spent managing your business rather than battling with your insurance carrier. A public adjuster will take the data you provide, analyze and collate it, and present your case to the insurance company in the best possible light to ensure a successful recovery of funds for your business. These professionals will also handle the claim for your property damage itself, freeing up even more of your time to get back to the important task of managing your business during this difficult period.


Public Adjusters are a valuable resource for any successful business owner, as property damage can stymie your business’s growth and development by siphoning away your valuable time during the claims process. Retaining a public adjuster to handle your insurance claim is the best way to ensure your business does not suffer the loss of your attention as well as maximizing your compensation for your claim. At People’s Insurance Claim Center, we have been helping business owners in the Miami-Dade and surrounding areas for years and are well-versed in the claims process with all major insurance carriers in our area. If you are suffering a loss of income as a result of damage to your business, call us today at 305-956-3666 so we may provide you a free claim analysis and demonstrate how we can help you get your business up and running again!


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