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Commercial Claims

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Commercial Property Insurance Benefits: 

Business Interruption

This will put you back in the place as if you did not experience a loss. It should provide funds necessary to sustain the insured business while its operations are suspended as a result of repairs to damage caused by a covered peril. It typically pays a business’s profit if the business has continuing operating expenses, including payroll, for a specific time period.

Extra Expense

This coverage is for mitigating the business loss, if the property cannot be used due to repairs. This covers the increased costs associated with operations if the business must be relocated temporarily to a different location while the covered property is restored. This may include setting up trailers, or hiring additional staff to assist with staying open. It is intended to offset expenses associated with returning to normal operations. 

Fair Rental Value

This coverage pays for lost rental income when a covered rental property is made uninhabitable by a covered event and renters move out. A lease or a rental agreement is helpful in estimating the amount of coverage that will be paid.

Property Damage

Including the buildings, fixtures, machines, furnishings, raw materials, and inventory.

Civil Authority

This coverage provides business income benefits when a civil authority prohibits access to the insured property due to direct physical loss or damage to other property. It is most commonly triggered during mandatory evacuations.

Loss of Ingress or Egress

This coverage provides benefits when, as a direct result of a covered peril, ingress to or egress from real and personal property is prevented.

These benefits can sustain a business through a disaster and recovery. Know which coverages you purchased, and claim the benefits you are owed.

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State-Form
ASI-Progressive
Home-Owners-Choice
Heritage-Insurance
Progressive
Universal-Property
Frontline-Insurance
typtap
Olypus
FED_NAT
ATIC
ST_JOHNS
American
Capital
Tower-Hill
Universal
CITYZEN
LLOYDS
NationWIde
Omega
Safe-Harbar
Front-line
Florida
GEoVera
UPC
Family-Security
Allstate
Edison
Auto_Owner
AXA
Security-First
Librety-Mutual
Clear-Blue
Ypress
Lexington
State-Form
ASI-Progressive

ROSS LEGAL GROUP

1800 Second Street Suite 765 – Sarasota, FL – 34236