Robert Mack · Licensed Florida Public Adjuster · Lic. #A161638 — in the insurance industry since 1991.
Business insurance claims are a type of formal notice to an insurance company that you have suffered a loss that you believe entitles you to compensation.
Once you file a claim, your insurance company is required to investigate it and then compensate you for the financial harm you suffered, assuming the payment is warranted under the terms of the insurance policy.
Types of Small Business Insurance Claims
There are many types of small business insurance claims. Broadly speaking, they fall into the following areas:
- Property damage
- Liability
- Business interruption
- Bodily injury
- Disability (workers’ compensation)
Insurers must comply with the claims requirements of their state’s insurance statutes. This involves working with claimants (insureds and other parties who are requesting claim payments) fairly and in good faith. Some specific duties include:
- Handling the matter in a reasonable amount of time
- Settling claims equitably under the terms of the insurance policy
- Not denying claims without due cause
- Providing reasons for claim denials
- Providing a process for consumers to appeal claim denials
Your Business Owners Policy is a package of insurance coverage that insures against losses suffered in many ways which are unique to your business. Your retail possessions, those of your clients, your building and its fixtures are all exposed to loss. Do you have the time to fight for their fair replacement costs? We can help you maximize your business insurance claims and get your business up and running again!
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We can help by documenting the damage and estimating the replacement and repair costs. Public Loss Adjusters can help you. We will document your loss and create a detailed estimate in a language that the insurance company understands. We use facts, figures and your own policy language to aggressively advocate on your behalf for a higher claim payment.
DON’T TAKE OUR WORD FOR IT, HEAR FROM OUR CLIENTS
Es una compañia con mucho carácter profesional. Ellos manejaron todo con la aseguradora con su conocimiento mucho mejor a que si lo hubiese hecho solo. Tengo mi dinero y me sobro. Ninguna queja. Gracias PLA!
~Marco V.
I recommend Public Loss Adjusters without hesitation! I finally hired them after being overpowered by the insurance company. I couldn’t take their insistence in declining to pay fairly. They secured the settlement and we got their asking price.
~Beverly M.
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Florida property insurance claims: the deadlines and the fee cap
- Notice of a claim
- Under Fla. Stat. §627.70132, a property insurance claim or reopened claim is barred unless notice was given to the insurer within 1 year after the date of loss. A supplemental claim is barred unless notice was given within 18 months after the date of loss. — Fla. Stat. §627.70132(2)
- Time to bring a court action
- An action for breach of a property insurance contract must be brought within 5 years, running from the date of loss. This is a separate clock from the notice deadline, and §627.70132(5) states that the notice statute does not affect it. — Fla. Stat. §95.11(2)(e)
- What a public adjuster may charge
- A public adjuster’s compensation is capped at 20 percent of the amount of insurance claim payments or settlements, exclusive of attorney fees and costs, paid to the insured by the insurer. For claims based on events that are the subject of a declaration of a state of emergency by the Governor the cap is 10 percent, and that limit applies to claims made during the year after the declaration of emergency. — Fla. Stat. §626.854(11)(b)
- Which deadline applies to you
- Which of these applies to your claim depends on your policy and your date of loss.
Public Loss Adjusters, LLC — Robert Mack, Florida public adjuster, Lic. #A161638. The review is free and carries no obligation. Call 352-353-4556.
If it would help to talk it through with someone local, see public adjusters in Central Florida.