When your company files an insurance claim, it is assessed by an adjuster who works for the insurance company and may be more concerned with saving the insurance company money than giving you a fair payout. When you hire an independent insurance adjuster or licensed public adjuster, you’re investing in a third-party who can help you save money and reduce additional losses. Working with an independent adjuster who makes sure your claim is handled fairly and objectively can be a smart move for your company in at least four important ways.
Get the Correct Coverage
Consulting with an independent adjuster may be a good idea when your company is buying an insurance policy. These experienced professionals can assess your property and make recommendations to help you prevent under-insuring or over-insuring your business. Not all adjusters offer this service, but it makes sense to have an advocate on your side as you’re making decisions about your insurance coverage.
Keep You Focused
When your company is reeling in the aftermath of a disaster like a tornado, flood or other calamity, clients and employees may decide to leave your company, seriously impacting your bottom line. Replacing them will cost you money. Public adjusters are specialists who handle the details of your insurance claim, allowing you to work on preventing attrition and running what’s left of your business, preventing further losses. Without the help of a specialist, handling every aspect of the claim may fall in your lap.
Free Up Time
Dealing with a large insurance company’s claims process can consume a significant amount of the time you would usually use to grow your business. Even with your building damaged, your employees jumping ship and old clients leaving you, you must continue your growth efforts to secure your future. You can’t do that if your time is taken up by the claims process. Independent insurance adjusters can manage the process for you, even if it gets messy.
Get the Biggest Settlement
Perhaps most importantly, independent insurance adjusters help you get the biggest insurance settlement. Because you have insurance coverage, you’re owed this money, but you may not receive all that your business needs to move forward without a public adjuster’s help. They know the nuances of the industry, understand your policy and have deep experience in negotiating fair settlements. When going up against a big insurance company, an independent adjuster can help level the field.
When you hire an insurance adjuster, expect this professional to protect your interests, handle the minutiae of the insurance claims process and reduce your stress while getting you the biggest payout. With the help of an adjuster, you’re free to run your business and advance to the next level of success.