Commercial Property Insurance Claims

Our extensive experience lends itself to managing complex commercial property insurance claims involving:

• “Property Damage,” including buildings, fixtures, machines, furnishings, raw materials, and inventory.
• “Business Interruption,” intended to provide funds necessary while a business’ operations are suspended as a result of damage caused by a covered peril. Business interruption pays the net profit or loss of a business before income taxes and continuing operating expenses, including payroll.
• “Extra Expense,” covers expenses while mitigating the business loss, or increased costs in continuing a business in the wake of a loss. Reimbursement can include moving a covered business to a different location while the covered property is restored and can include equipment breakdown coverage.
• “Contingent Business Interruption” includes benefits to cover lost profits and extra expenses resulting from damage to a third party’s property.
• “Ordinary Payroll Coverage” provides for salaries as a continued expense and can include hourly employee expenses.
• “Loss of Rents” pays for lost renter’s income while a property is restored.
• “Extended Period of Indemnity” covers business interruption and extra expense benefits beyond the period of restoration.
• “Civil Authority” covers business income benefits during mandatory evacuations.
• “Utility Services – Time Element” extends business income and extra expense insurance coverage for losses caused by a utility that provides a business with water, power, or communications.
• “Loss of Ingress or Egress” coverage for when ingress to or egress from real and personal property is prevented.

Our team of expert commercial claim adjusters respond immediately and begin the undertaking of reviewing your commercial insurance policy, identifying and documenting damages, and developing mitigation plans in order to ensure a fair and equitable claim settlement in the shortest amount of time.

A business owner’s most valuable asset is their company and certain factors such as the location of the property increase the risk associated with protecting that property. This is specifically important for business owners with waterfront properties. Commercial Flood Claims are often of catastrophic proportions and having excess flood insurance is a necessity. Very often business owners are not aware of their policy coverage, resulting in financially devastating circumstances; should flooding occur. Purchasing commercial flood insurance ensures protection of your business investments against water damage from snow melt, hurricanes, tropical storms, storm surges, blocked storm drain systems, and malfunctions in levees or dams. In understanding the risk associated with commercial property flood insurance claims, United goes the extra step and offers complimentary policy reviews to ensure you have appropriate coverage.