Loss of Income

/Loss of Income

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Loss of Income Claims

Running a business can be extremely difficult, to begin with. When a disaster strikes and mother nature disrupts your business, it can sometimes be detrimental. Often, these disruptions can lead to a halt in normal business activity and income, resulting in a significant loss. Loss of business income can result in many problems for your business such as failure to pay employees, failure to pay bills, destroyed inventory and so much more. Some common interruptions that affect businesses include…

  • Fire Damage
  • Smoke Damage
  • Hurricane Damage
  • Wind Damage
  • Water Damage
  • Mold Damage
  • Storm Damage

During the time frame in which your normal business activities are interrupted, you are entitled to compensation. Not only should you be compensated for the physical damages to your property, but also for the loss of income that you have suffered due to these damages. Generally, there are three types of insurance claims that you can file to get what you deserve…

  1. Business Interruption Claim – Compensates the business owner during time of property repair
  2. Extended Business Interruption Claim – Compensates the business owner for the time after property repair, but before the business has returned to pre-accident loss
  3. Contingent Business Interruption Claim – Compensates the business owner for loss of income resulting from physical damage, not to its property, but to the property of its business partners (suppliers and consumers)

We at Champion Public Adjusters understand that this is a time of crisis for you and your business. We realize how important it is for you to quickly file an insurance claim, get the money you deserve, and get your business back up and running. We are here to help.

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