Florida Commercial Claims Public Adjuster

Florida Commercial Insurance Adjuster

Pinnacle Claim Services is here when major storms hit, or incidents like theft or fires carve deep losses into your business operations. You receive your own commercial claims adjuster to step in during your time of need and offer our assistance and our expertise. We have helped thousands of Florida property owners, business owners, and homeowners get their life back to normal after a major loss incident. Your commercial public adjuster’s primary goal is always to seek the highest possible value for your claim while taking the hefty burden of the claims process off your shoulders.

Our experts work for YOU, not the insurance company. Each Florida commercial public insurance adjuster is highly motivated to recover as much as possible after your devastating loss. We act as part of your business recovery team, helping you focus on getting operations humming while we handle your loss recovery from start to finish.

Talk to our experienced team for free during a no-obligation consultation to learn how we can help you assess your damages and seek a reasonable settlement to recover your losses. Call 877-70-CLAIM or contact us online to speak to a live agent, 24/7. One call or click is all it takes to put your commercial enterprise back on the path to recovery.

Representation and Assistance to Help You Avoid Being Taken for a Ride by Commercial Insurers

Pinnacle Claim Services offers representation and assistance throughout every step of the claims process to help you seek every penny you have suffered from your incident.

You can benefit from our assistance with the following types of Florida commercial business claims:

• Commercial property damage claims
• Commercial loss claims
• Business interruption insurance claims
• Condominium and HOA claims in Florida

We provide representation when your business has suffered from incidents like:

• Sinkholes
• Hurricanes
• Hail
• Tornadoes
• Tropical storms
• Floods
• Other weather damages or natural disasters
• Water damage from leaks, burst pipes, and mold
• Fire and smoke damage
• Foundation leaks
• Equipment damage
• Vandalism and theft
• Loss of use
• Business interruption

Pinnacle Claim Services Is a Proud Ally of Florida Businesses and Essential Service Providers

Over our years of assisting Florida businesses, governmental agencies, educational institutions, and other operations in their times of greatest need, we have lent invaluable guidance to the following industries:

• Industrial parks
• Hotels and motels
• Shopping and retail
• Multi-family properties
• State and municipal entities
• Educational institutions
• Condominium associations
• Campus housing, dorms, and administration buildings
• Warehouses and distribution facilities
• Apartment complexes
• Production plants/manufacturing
• Office buildings and office parks
• Correctional facilities
• Hospitals and doctors’ offices
• Defense contractors
• Retirement communities
• Churches, synagogues, temples
• Banks
• Recycling plants and scrap facilities

Fighting for the Maximum Claims Value After Disasters and Business Loss

Your business was built from the ground up to weather financial storms, but what happens when real-life storms hit? Research from industry experts shows that 27,000 commercial properties across 7,800 different industries were affected by Hurricane Ian, leading to nearly $10 billion in total damages to commercial, industrial, and essential buildings.

On top of Florida’s severe weather, businesses also have to be concerned about theft, vandalism, burst pipes, fires, equipment damage, and all of the losses that can come from the business being disrupted by these incidents. Claims for major incidents like fires can spiral upwards to the millions. 

Yet, small mistakes or misunderstandings in the claims process can translate to a much smaller financial recovery. Businesses need an ally that can guide them through the process, keep them informed of their best interests, and focus on the intensive tasks needed to fully calculate losses to seek a fair claim.

When you work with Pinnacle Claim Services, you can expect a winning combination of expertise and supreme customer service. We act as an augmentation to your existing talent, coordinating between any risk management teams and insurance brokers to ensure that all internal company policies are honored while your insurance policy pays top dollar for your claim.

We Protect From Losses Inflicted by Insurance Adjuster Under-valuation

Commercial loss claims are incredibly difficult to fully valuate. Even when the value is well-understood, applying losses to the language of your policy can be extremely difficult. Most commercial insurance policies are unique, built to specifically cover the most-valued areas of business against the most-likely perils. Understanding what coverage may apply and how much coverage should be available based on calculable losses can be a Herculean feat.

Our teams arrive promptly and set to work fast, inspecting damages and comparing your losses to the latest valuation figures for materials, fixtures, and the costs of repair/replacement. Whether your policy covers actual cash value or replacement costs, we benchmark all of our calculations to the most respected data sources to increase the chances that your insurance company will respect the numbers we send.

Insurance Companies Send Everything They Have for Commercial Claims, and So Should You

We protect you from further financial loss that can be suffered when insurers leverage their power and relative experience against your company.

In a situation where a commercial policyholder suffers damages or loss, insurers know that the claim’s value can be massive. They also know that commercial entities will use every resource available to ensure that processes are carried out according to the letter of the policy and the rules of municipal, state, and federal law. From insurance company adjusters to company actuaries to so-called “independent” adjusters, carriers take commercial claims seriously and want to do everything possible to minimize the damage inflicted upon their underwriting.

Insurers bring their A-team, so you should bring yours. Hire an experienced commercial property claims adjuster to assist you, and know with confidence that you are fighting for every cent your policy owes when you face catastrophic business losses.

Commercial Claims Can Be Worth Millions

Every commercial claim is different, especially regarding damages suffered and available coverage forms. Pinnacle Claim Services ensures that you can fully understand your policy and apply coverage to as many areas as possible, all while accurately assessing the extent of damages you have suffered.

It can be easy to underestimate the level of damages inflicted by a major disaster or an incident like a fire. Statistics show that commercial insured losses totaled $184.9 billion in 2021 across the U.S. At the same time, commercial line policyholders paid a total of $359.6 billion in premiums that same year. While not every business suffers losses, plenty are left only partially repaid (or sometimes empty-handed) in the wake of a major loss event.

Most Common Reasons for Filing Commercial Insurance Claims in Florida

According to a review of available data conducted by The Hartford, the following are the most common reasons for filing a commercial insurance claim:

• Burglary and theft — 20%
• Water and freezing damage — 15%
• Wind and hail damage — 15%
• Fire — 10%

Among these types of loss claims, fire was the most expensive, both on an average basis and a general one. The Hartford’s data shows that the average fire claim costs $35,000. Further, data from the National Fire Protection Association (NFPA) shows that seven of the top ten costliest fires in 2020 affected commercial operations. The most devastating of these was a fire in California affecting an online retailer, leading to $300,000,000 in total losses.

Fires are particularly damaging because smoke damage combined with water damage from sprinkler systems tends to affect multiple floors of a building. Fixtures, fittings, equipment, and large quantities of inventory may need to be declared as a loss and salvaged or scrapped.

Hurricane damage is, of course, a major cause for concern among Florida businesses. Hurricane Ian tops the list at $84 billion in total damages, while Irma in 2017 and Michael in 2018 inflicted a combined $88.5 billion across all residential and commercial claims.

Protect Your Business’s Financial Future

Many commercial operations already entrust other professionals to take the lead when facing a large commercial policy claim. Their policies are often put together by knowledgeable brokers, who help build coverage based on specific perils to protect against specific losses, along with all deductibles and other considerations like co-insurance.

Many corporate enterprises also look to a risk management team to mitigate losses and control the outcomes when major risks emerge. However, risk managers have a wide array of responsibilities, encompassing not just commercial property losses but also errors & omissions, product liability, third-party liability, and business interruption. They often have their hands full, so when a situation emerges where they must handle a large commercial insurance loss claim, they may be unable to fully engage with the process of calculating damages and seeking all available coverages.

Brokers and risk management teams have other responsibilities — we specialize in adjustment and damage assessment. We act as part of your recovery team, enabling you to focus on restoring business functions and managing any fallout from temporary losses. Let us help you augment your existing teams while fighting as hard as possible to leave no stone unturned when restoring your business’s catastrophic losses.

Factors to Consider in a Commercial Policy Claim That Tend to Get Overlooked

There are many common oversights or misunderstandings that can emerge when inexperienced parties handle the entirety of the commercial claims process. 

When Pinnacle Claim Services comes to assist, you can rest assured that we will provide the entirety of our expertise and our resources to ensure that the following areas of concern can be addressed:

• Understanding policy language. It is vital to fully and clearly understand coverage areas, including all named perils, all covered types of losses, and forms of coverage to enable swifter recovery, such as a claim for business interruption losses.
• Accurately estimating the value of losses. Many insurance company adjusters and independent adjusters tend to undervalue the costs of materials, lost inventory, or damaged equipment. Moreover, they may also underestimate the costs of repair/replacement. Whether actual cash value or replacement cost is provided, an accurate inventory of damages (including the full extent of damage to the property) must be obtained, along with a reasonable estimate of repairs.
• Reducing the burden of co-insurance. Many commercial loss coverage areas provide only partial coverage since most commercial losses are non-total. In these situations, insurers may issue a “co-insurance” penalty calculated as a proportion of the coverage selected. Minimizing this penalty is vital for avoiding a reduction in coverage and preventing further negative impacts on the business’s finances.
• Proceeds and manner of sale for salvage. Many insurance companies will fully expect the policyholder to turn over all damaged contents. Policyholders may not know that these contents may hold a higher-than-expected salvage value. A seasoned commercial public insurance adjuster in Florida can look into matters pertaining to salvage and exercise the full extent of rights as a policyholder to obtain any proceeds from salvage, when possible.
• Business interruption and extra expense calculation. Many commercial policyholders have purchased protections that extend to the losses they have suffered as their business has been interrupted by a natural disaster, a property damage incident, or a major incident like a pandemic. Business interruption coverage pays for recurring costs as well as a portion of estimated revenues that would have been obtained if not for the disruption. Extra expense coverage applies to extra costs incurred due to dealing with the incident, which can include legal costs and the costs of resuming business operations. 

Pinnacle Claim Services Commercial Claims Public Adjuster

A commercial loss incident like a natural disaster, fire, sinkhole, theft, pandemic, or other issue can put a major dent in revenues. Without the recovery available from a commercial insurance claim, this dent could quickly rend into a large leak, where the future of the business becomes insolvent as a result of cascading losses.

Let Pinnacle Claim Services help you plug that leak, patch up your finances, and get your business running again. We provide you with comprehensive damage estimates, policy reviews, and claims reviews to ensure that you have done everything you can to maximize the value of your claim and prevent common sources of undervaluation. We also help you manage every aspect of the claim — from paperwork, to site walkthroughs, to dealing with insurers — until that final check is issued.

Give us a call to find out why we have become one of the most trusted names in Florida. Reach out now to speak to a representative any time, 24/7, when you call 877-70-CLAIM or contact us online.