Business Insurance Claims
Navigating business insurance claims can be complex, especially after an insurable event like a fire or water damage disrupts your operations. At LMD, we specialize in helping businesses obtain fair and just settlements from their insurers, ensuring that you receive the compensation needed to recover and thrive.
Our Approach
We assist companies that have sustained interruptions of business due to insurable events, such as fires or water damage, by providing comprehensive support throughout the claims process. Here’s how we work:
We first review your insurance policy and its definitions to determine the applicable coverage. This review will also establish the length of the indemnity period and, if applicable, the coinsurance ratio.
We then proceed to estimate the financial losses your business has incurred, such as:
-
Loss of profits
-
Extra expenses
-
Ordinary payroll
-
Unincurred expenses
-
Stock losses
Our services typically include the following:
-
Analysis of financial statements, budgets, and accounting records
-
Interviews with key personnel
-
Preparation of financial projections for the indemnity period
-
Comparison of financial projections with actual results
-
Preparation of an expert report
-
Assistance during the settlement process
We also calculate financial losses in specific scenarios such as:
-
Employee dishonesty
-
Theft of merchandise/inventory
Why Choose Us?
-
Expertise: Our team has extensive experience in handling various types of business insurance claims, ensuring accurate assessments and effective negotiations.
-
Personalized Service: We provide tailored services to meet your specific needs, ensuring that all aspects of your claim are thoroughly addressed.
-
Efficiency: Our focus is on delivering prompt and favorable results, minimizing disruption to your business and facilitating a smooth claims process.
Contact Us
If your business has been affected by an insurable event and you need expert assistance with your insurance claim, contact us today. Our experienced team is here to guide you through every step of the process and help you secure the compensation you deserve.
