Commercial Claims
At Epic, we pride ourselves on our ability to handle and resolve large, complex commercial claims. Due to regulations, all personal (homeowners and dwelling) policies are fairly similar in the language they use; meaning that they are resolved in more or less the same manner.
Even though there are “standard” policies in the commercial area, carriers are much freer to change these policies – to add, remove, or enhance the coverage’s contained in the policies. Due to the diverse nature and requirements of one business to another it is understandable that they would require policies specific to their needs.
For this reason, insurance companies may also choose to utilize a “manuscript policy.” Typically, a manuscript policy is written for a “one-of-a-kind” risk that requires specialized coverage or provisions.
The experts at Epic Group Public Adjusters are required to spend a minimum of 60 hours of intensive training and seminars learning how to interpret these types of policies; including all statutes and laws regulating the coverage and responsibilities of the insurance company. For more than 28 years we have built a reputation for handling complex business and commercial claims.
EPIC has confidently guided some of the most prestigious companies throughout the Southeast and helped them achieve the most accurate and fair settlements.
We Cover Every Angle
Has your business invested in new machinery or buildings? Is there a project you had to turn down due to the loss? Have there been any recent innovations in the product category or in the marketplace? These examples could drastically change the potential revenue for your business.
In order to accurately project potential income, the history of your company must be thoroughly studied and analyzed. Taking into consideration all of the “what ifs” and past investments, Epic Group Public Adjusters will employ the aid of forensic accountants to piece the claim together to your best advantage.
Insurance companies typically develop business models by plotting a meticulous time-line of past and future income. The tendency of insurance companies is to look at your net income, taking it at face value along with the belief that no business can continue to grow and profit indefinitely. Our experts, however, realize that while a past investment may diminish the bottom line in the short term, it does not automatically constitute smaller returns for the future. We are aware that markets fluctuate and opportunities, like customers, come and go.
EPIC considers and reviews all aspects of your past business history to the moment the loss occurs and up to a year after your loss; or until your sales and financials have returned to previous levels.
Business Interruption Coverage
When a business suffers a loss, that business may have to stop operations or production. This can result in substantial lost revenues. Companies with business interruption insurance are in the best position to defend their claim.
With that said, lost revenue can be very difficult to prove. Forensic accountants use different methods to project lost earnings. Establishing historical data is usually the key element and fair indicator of future earnings. But what if you have only been in business one year, had a poor previous year, or expanded to a larger location? Historical data would be an inaccurate measure for your business claim.
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Our Staff Consists Of Individuals Whose Sole Responsibility Is To Process Claims & Manage The Information. This Attention To Detail Expedites The Processing Of Your Claim.
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