ADVERTISEMENT
  • About
  • Contact
  • Testimonials
  • Demographics & Advertising Rates
Thursday, April 22, 2021
Search
    Generic filters
    California Business Journal
    58 °f
    Los Angeles
    61 ° Fri
    61 ° Sat
    60 ° Sun
    58 ° Mon
    60 ° Tue
    66 ° Wed
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      bitcoin of america

      The power of Bitcoin of America intensifies

      venture-capital-investment

      Silicon Valley and Tel Aviv Firm NextLeap Ventures Rising To The Next Level

      Bitcoin

      Big Changes May Be Coming For Cryptocurrency

      bitcoin2

      What the average person needs to know about Bitcoin

    • People
    • Featured
      lights, camera, action2

      Lights, Camera, Testing!

      Dennis Weiss Lead Gen

      Commentary: Preventing Lead Generation Fraud

      yacht fishing sunset1.1

      J. Douglas Hines has shaken up the food industry with a plant-based seafood alternative product

      stock-market-3

      How the Inflow of Retail Traders is Changing Stock Market Dynamics

      Dr. Chris Harts4

      Oventus Medical Is Revolutionizing the Treatment of Sleep Apnea

    • Technology
      Higher Education Adapts to Covid Using IT

      How Higher Education Has Adapted to Covid-19 Using IT Tools

      NEC X Figure 3_Shige Ihara

      Fast Tracking Technologies … To The World

      Welcome to the construction industry’s automated augment

      Tech Future Healthcare1

      Technology and the Future of Health Care

    • Law
      Doctor getting second opinion on patients x-ray

      Improper Medical Treatment: What To Do Next?

      Mediation-For-Couples (1)

      What is Mediation and How It Can Help?

      Legal obligations of businesses: What happens when these duties are breached?

      Nicole Kuklok-Waldman Headshot

      Commentary: How to Bounce Back from a Canceled Career 

    • News
      blockchain2

      Blockchain.com Value Reaches $5.2 Billion

      Negative Google reviews1

      How to Handle Negative Google Reviews

      SleepScore Labs

      The Final Score

      Passports on a map of the world

      If Your Employees with U.S. Passports are Traveling in 2021, Start Planning Now

    • Human Interest
      • Food
      • Art & Culture
    • Education
      Take care of Mind-Body-Soul

      4 Steps to Taking Better Care of Yourself in 2021

      Health insurance claim form

      How to file an insurance claim: Everything you need to know

      safe workplace

      9 Essential Steps for a Safer Workplace

      trust3

      7 ways to build trust on your business website

    • Health & Fitness
      Take care of Mind-Body-Soul

      4 Steps to Taking Better Care of Yourself in 2021

      Woman climber on a Klettersteig (Via Ferrata)

      6 Unique Ways to Stay Fit Outdoors This Summer

      WOMAN WORKING OUT

      Taking the Gym Home: Hot Selling Items During the Pandemic

      silhouette-of-man-and-woman-running

      3 Reasons to Start Working Out … This Month

    California Business Journal
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      bitcoin of america

      The power of Bitcoin of America intensifies

      venture-capital-investment

      Silicon Valley and Tel Aviv Firm NextLeap Ventures Rising To The Next Level

      Bitcoin

      Big Changes May Be Coming For Cryptocurrency

      bitcoin2

      What the average person needs to know about Bitcoin

    • People
    • Featured
      lights, camera, action2

      Lights, Camera, Testing!

      Dennis Weiss Lead Gen

      Commentary: Preventing Lead Generation Fraud

      yacht fishing sunset1.1

      J. Douglas Hines has shaken up the food industry with a plant-based seafood alternative product

      stock-market-3

      How the Inflow of Retail Traders is Changing Stock Market Dynamics

      Dr. Chris Harts4

      Oventus Medical Is Revolutionizing the Treatment of Sleep Apnea

    • Technology
      Higher Education Adapts to Covid Using IT

      How Higher Education Has Adapted to Covid-19 Using IT Tools

      NEC X Figure 3_Shige Ihara

      Fast Tracking Technologies … To The World

      Welcome to the construction industry’s automated augment

      Tech Future Healthcare1

      Technology and the Future of Health Care

    • Law
      Doctor getting second opinion on patients x-ray

      Improper Medical Treatment: What To Do Next?

      Mediation-For-Couples (1)

      What is Mediation and How It Can Help?

      Legal obligations of businesses: What happens when these duties are breached?

      Nicole Kuklok-Waldman Headshot

      Commentary: How to Bounce Back from a Canceled Career 

    • News
      blockchain2

      Blockchain.com Value Reaches $5.2 Billion

      Negative Google reviews1

      How to Handle Negative Google Reviews

      SleepScore Labs

      The Final Score

      Passports on a map of the world

      If Your Employees with U.S. Passports are Traveling in 2021, Start Planning Now

    • Human Interest
      • Food
      • Art & Culture
    • Education
      Take care of Mind-Body-Soul

      4 Steps to Taking Better Care of Yourself in 2021

      Health insurance claim form

      How to file an insurance claim: Everything you need to know

      safe workplace

      9 Essential Steps for a Safer Workplace

      trust3

      7 ways to build trust on your business website

    • Health & Fitness
      Take care of Mind-Body-Soul

      4 Steps to Taking Better Care of Yourself in 2021

      Woman climber on a Klettersteig (Via Ferrata)

      6 Unique Ways to Stay Fit Outdoors This Summer

      WOMAN WORKING OUT

      Taking the Gym Home: Hot Selling Items During the Pandemic

      silhouette-of-man-and-woman-running

      3 Reasons to Start Working Out … This Month

    Search
      Generic filters
      California Business Journal

      What Is an Insurance Adjuster for Business?

      An insurance adjuster investigates an insurance claim to determine how much the insurance company should pay.

      by California Business Journal Editorial Staff
      A A
      Job interview, Hiring concept

      Job interview, Hiring concept

      Share on FacebookShare on Twitter

      Insurance is supposed to give you peace of mind. That is until you need to use it. Business owners that are struggling due to recent shutdowns are having business interruption claims denied.

      An underpaid claim or denied claim could be disastrous for your business. You may be depending on that money to keep your business going.

      If you have an insurance claim, you’re going to have to work with the insurance adjuster. What is an insurance adjuster and what do they do? Keep reading to learn what a business adjuster does and how you can work with them to settle your insurance claim.

      What Is an Insurance Adjuster?

      An insurance adjuster goes by many different titles. They may be called a claims representative, insurance claims specialist, or insurance claims analyst.

      The job of the insurance adjuster is simple. They review your insurance policy, review the damages associated with your claim, and settle the claim.

      Types of Insurance Adjusters

      There are three main types of insurance adjusters. There are staff adjusters, public adjusters, and independent adjusters. They all do the same type of work, but there’s one very important way they differ.

      Staff adjusters are employees of insurance companies. These are the people who will review your claim and decide what the claim is worth. Since they work for the insurance company, they’ll be very likely to limit the dollar amount of your claim.

      Independent adjusters are hired by insurance companies, but they work as independent contractors. They will work for several different insurance companies.

      They are more independent than staff adjusters, but the insurance companies still pay them. They’re more likely to be influenced by that factor when they review your claim.

      Public adjusters are independent adjusters who work for homeowners and businesses. They review the claims on your behalf. You pay them, so they’re likely to look out for your best interests.

      How to Work with a Business Insurance Adjuster

      If your business suffered damages that your insurance policy should cover, you’ll file a claim with your insurance carrier. They will assign an adjuster, either staff or independent, to review your claim.

      Their job is to protect the interests of the insurance company. The less money they need to pay out, the higher their profit margins are. Adjusters will look for reasons to underpay or deny your claim.

      You need to be aware of what adjusters look for so you can avoid this scenario.

      Understand Your Insurance Policy

      About 75% of small and medium-sized businesses are underinsured. This is a major reason why claims are denied. Business owners assume that general liability insurance covers everything.

      You’re likely to need policies that cover business interruptions, cyberattacks, flooding, property damage, and more. You should review your insurance needs every year with a professional to make sure your business is fully covered.

      Document Everything

      When you work with an insurance adjuster, you have to prove that your claim needs to be paid. You should provide as much documentation as possible to support your claim.

      ADVERTISEMENT

      Documents such as repair bills, police reports, photos of damages, lost wages, and lost revenue reports are some of the documents to support your claim.

      Don’t Give Too Much Information

      You have to be careful about what you say to the adjuster. You should answer questions by saying yes or no. Telling stories or giving ballpark figures of damages could be used against you as the adjuster reviews your claims.

      They look for inconsistencies in your story, so the more information you give them, the more they have to work with. If there’s something that you don’t know, don’t make up an answer. Tell the adjuster you will research the matter and get them a definitive answer.

      Hire a Public Adjuster

      There’s a good chance that you have a problem with your insurance claim. You have a couple of options to fight your claim. You can hire an attorney or hire a public adjuster.

      Public adjusters have plenty of experience working with insurance companies. They may also have other types of experience relevant to your claim, such as construction or business experience.

      There are a few reasons why you should hire a public adjuster. The first is that it will save you time and frustration because they deal with the insurance company. That frees you up to rebuild your business.

      If you have a large claim, like a property claim, you’ll want to bring in a public adjuster right away. They’ll help you determine what the right claim settlement amount is, preventing you from suffering major losses.

      With underpaid claims, a public adjuster will review your claim. They’ll look at your insurance policy and the same documentation you presented to the insurance company’s adjuster. They can give you an objective opinion as to what the real value of the claim is.

      Make sure that you hire a public adjuster that’s licensed to operate in your state. In California, there are strict standards that public adjusters have to meet.

      Some adjusters will give you a free evaluation. They’ll visit your business and tell you what your options are with your claim.

      Know How Adjusters Work and Settle Your Insurance Claim

      Businesses are often strapped for cash, with many having only a few week’s worth of cash on hand. If your business has had any property damage or equipment loss, you may be able to file an insurance claim and recover some of the damages.

      When you do this, you’ll need to work with an insurance claim adjuster. What is an insurance adjuster? That’s the person who reviews your claim and decides what your claim is worth.

      If your claim is denied or underpaid, you’ll want to hire a public adjuster that works for you, not the insurance company.

      Head over to the home page of this site for the latest business news.

      Tags: attorneyCaliforniacontractorscyberattacksemployeesindependentinformationinsuranceinsurance companiesstoriesunderpaid claimswhat is an insurance adjuster
      ADVERTISEMENT
      California Business Journal Editorial Staff

      California Business Journal Editorial Staff

      WHAT TO READ NEXT

      Take care of Mind-Body-Soul
      Health & Fitness

      4 Steps to Taking Better Care of Yourself in 2021

      April 22, 2021
      Health insurance claim form
      Education

      How to file an insurance claim: Everything you need to know

      April 22, 2021
      safe workplace
      Education

      9 Essential Steps for a Safer Workplace

      April 22, 2021
      trust3
      Education

      7 ways to build trust on your business website

      April 21, 2021
      speeding
      Education

      Here’s Exactly What To Do After Getting Fined With A Speeding Ticket

      April 21, 2021
      Dennis Weiss Lead Gen
      Education

      Commentary: Preventing Lead Generation Fraud

      April 20, 2021
      Next Post

      Is Social Security Disability for Life?

      Follow Us

      ADVERTISEMENT

      Categories

      • Art & Culture
      • Business
      • Editor's Choice
      • Education
      • Featured
      • Finance
      • Food & Dining
      • Health & Fitness
      • Human Interest
      • Insurance
      • Law
      • Marketing
      • Medical
      • News
      • People
      • Popular
      • Real Estate
      • Social Media
      • Technology
      • Uncategorized

      CBJ Partner Firebrand Media

      Laguna Beach Independent Newspaper

      Laguna Beach Magazine

      Laguna Beach City Guide

      On The Menu Laguna Beach

      Newport Beach Independent Newspaper

      Newport Beach Magazine

      Newport Beach Country Club Magazine

      Coastal Real Estate Guide (NB,LB, CDM)

      Montage Magazine

      Monarch Beach Resort Magazine

      Pacific Coast Magazine (SoCal)

      Omni Escapes Hotel Magazine

      Sea Island Life Magazine

      Salamander Hotel & Resorts Magazine

      Bespoke Concierge New York

      Evans Hotels

      View our entire portfolio here

      ADVERTISEMENT
      1REALTOUR-SAN DIEGO-WEB DESIGN
      ADVERTISEMENT
      Facebook Twitter LinkedIn LinkedIn Instagram
      C B J   LOGO  SVG-01
      • About
      • Contact
      • Testimonials
      • Demographics & Advertising Rates

      Newsletter

      Most Viewed

      • Judge gavel, scales of justice and law books in court

        Lawsuit Basics: How Much Does It Cost to Sue Someone?

        0 shares
        Share 0 Tweet 0
      • THE ONLY WAY

        0 shares
        Share 0 Tweet 0
      • REPORT: TECH GIANT CISCO ABOUT TO LAY OFF 14,000

        0 shares
        Share 0 Tweet 0

      Latest Articles

      Take care of Mind-Body-Soul

      4 Steps to Taking Better Care of Yourself in 2021

      April 22, 2021
      Health insurance claim form

      How to file an insurance claim: Everything you need to know

      April 22, 2021
      safe workplace

      9 Essential Steps for a Safer Workplace

      April 22, 2021

      California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
      ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
      Site Design by 1REALTOUR

      Search
        Generic filters
        • Front Page
        • Business
          • Insurance
          • Real Estate
        • Finance
        • People
        • Featured
        • Technology
        • Law
        • News
        • Human Interest
          • Food
          • Art & Culture
        • Education
        • Health & Fitness

        California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
        ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
        Site Design by 1REALTOUR