Does your business handle payment information? Do you use cloud-based software? Do you store sensitive business or personal information on your network? If you answered “yes” to any of these questions, then your organization is at risk of a data breach. Cyber attacks have wide-ranging impacts, and new threats are emerging every day. 

When you’re dealing with a crisis, there’s nothing worse than thinking you have the peace of mind of having insurance, only to be given the runaround by your insurance company. Thankfully, public insurance adjusters exist. Their job is to work in your interest, decipher the confusing language of your policy, and negotiate a fair settlement from your insurance company. 

Business interruption insurance protects you financially in case your business has to close its doors due to a natural disaster, serious property damage, or potentially even a shutdown of one of your suppliers. And considering the events of the last year or so– from the pandemic to civil unrest – it’s vital for businesses to be aware of the range of incidents that can lead to business interruptions. If you’re in the process of filing a claim, you may be wondering which damages are covered under your policy and whether your insurer is accurately calculating your losses.

If you’re exploring the option to hire a public adjuster, cost is certainly at the top of the list of your questions to ask. A number of factors influence an adjuster’s rate: the adjuster’s expertise, state law, the type of claim, as well as its size, scope, and status. There’s no one-size-fits-all answer. Here are the common fee structures for public adjusters, and what you should know before signing a contract. 

A burst pipe inside your property can easily turn into a nightmare. You have moisture accumulating inside your building. Your water is turned off. And you’ve got to deal with plumbers, contractors, and the insurance company to get it all sorted out. On top of that, you’ve just read something in your insurance policy that says you’re only covered for mold damage if it’s “covered peril.” So now you also have to figure out if the damage you’ve got is covered, which can be overwhelming. Where do you even start? 

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When you decide to work with an insurance adjuster, one factor that you’ll have to consider is how well they understand your business’s unique needs. The hospitality industry faces specific challenges when it comes to insurance claims. You have to balance the need for a fair settlement with the need to reduce vacancies and resume normal business activities. And your losses may extend beyond just being unable to fill rooms. How are your event spaces affected? What happens when amenities, like the pool or gym, are inaccessible? How does that impact your claim?

It’s been well over a year since the global pandemic brought many businesses to a halt and forced others to find new ways to keep operating. The financial impact has been devastating for some sectors. And while the vaccine rollout is promising, we’ll be dealing with the financial fallout for months and years to come. For instance, some experts say the New York hotel industry won’t return to normal occupancy rates until 2025.

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When your property has been broken into, vandalized, or stolen, your insurance may cover the costs to replace the items that were taken and repair damage. But, how your insurance policy handles your claim will depend on the nature of the crime. Here’s how theft, burglary, and vandalism are defined, and what to expect when filing a claim. 

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Filing an insurance claim is stressful enough, and most property owners are unprepared for the many hurdles that can get in the way of reaching a fair settlement. One of those hurdles is the reserve. Set at the beginning of the claim process, the reserve has a significant impact on the size of your final settlement. Here’s what you need to know to ensure that the reserve set aside for your claim is fair. 

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After Hurricane Michael, George Duren, owner of a Florida PigglyWiggly, received extensive flood and wind damage, and the insurancecompany attempted to negotiate an unsatisfactory claim that left
a majority of the loss uncovered.

After Hurricane Michael, George Duren, owner of a Florida PigglyWiggly, received extensive flood and wind damage, and the insurancecompany attempted to negotiate an unsatisfactory claim that left
a majority of the loss uncovered.

When this 30-unit apartment complex experienced a devastating fire, Ironclaim was on the scene within an hour.

After experiencing extensive damage due to Hurricane Odile, this luxuryproperty management firm reached out to Ironclaim for help securinga fair settlement.

When Hurricane Katrina damaged more than 100 buildings causing morethan $25 million in losses, the University System of Mississippi reached out to the Ironclaim.