Extra Expense & Insurance Loss Evaluations

25 Apr 2015

Most commonly when a property is destroyed, the largest business costs are extra expenses and lost income. In such cases, it is very hard to determine the value for covering extra expenses such as phone and internet re-connection or rental cars. This type of loss associated expense is not often allowed for with many insurance policies. We have experienced professionals who know that when a business is destroyed, it might take a lot of time to return to last production levels and income. In this regard, Business Income and Extra Expense insurance can cover these important time related losses.
Bay Harbor Public Adjusters will help guide you with planning a rider to anticipate and cover the extra expenses, like determining the costs for long-term business plans, alternate space and telephone service restoration. For determining the amount of protection required for the Businesses Income and Extra Expenses, specific business costs and emergency plans must be evaluated carefully.