Commercial Property

 

commercial property

A common claim filed by policy holders with commercial property coverage is for damage, especially damage by natural and man-made catastrophes. When this happens, insurance companies, corporations, and /or brokers usually hire a professional loss adjuster to help settle the dispute so that both parties are satisfied with the outcome.

commercial-bldg

What Do Our Loss Adjusters Do?

When we receive a new loss or assignment, one of our loss adjusters will

  • immediately make contact with the insured
  • personally visit the site to assess the damage
  • see if the damage is covered by the policyholder’s insurance
  • review the insurance policy of the holder
  • visit the actual site of the commercial property
  • assess the damage, take photographs
  • and make sure that the insured understands the next steps that will need to take place.

In addition to these activities, our loss adjusters will ensure that the claim is valid by interviewing company employees and/or the owner of the commercial property. We will also catalogue all the items that were damaged such as machinery, furniture, fixtures, equipment, stock and all other items affected by the loss. This is to assist with writing our estimate and to determine the degree of damage, salvage values, and depreciation rates.

The loss adjuster on the larger commercial loss manages the handling of the claim to immediately address issues such as cause of loss, and the need for engineers and experts.  Experts such as accountants, salvors, building consultants, emergency mitigation contractors are engaged to properly address the situation and best approach to bring the claim to resolution and to protect everyone’s interest.  The large loss adjuster evaluates subrogation and the need to place responsible parties on notice of subrogation.  The large loss adjuster provided by BPO has many years of experience and the knowledge to properly determine the damage and control the claim process.

Who Requires Commercial Property Loss Adjustment Services?

Policyholder’s can request public loss adjusters themselves, however, BPO Technical works directly with insurance companies and corporate clients and large Brokers. It is important to note that BPO works on large commercial national accounts, and has many years experience in handling nationwide commercial programs.

By hiring BPO Technical, you get loss adjustment services with over 37 years of experience from the founding member, Tom Powell in property claims as well as a network of professional loss adjusters that stretches across the entire United States and Canada. We are committed to delivering the best resolutions possible for both parties, and we provide consistently prompt and efficient service. If you have a question about commercial property claims, send us an email or call our main office today to discuss our services.