Business fire damage claim experts
Optimal Business Fire Claim Settlement
If your business suffers damage from a fire, hopefully contingency plans are in place to continue operations. But, do you have the resources and time to process a comprehensive insurance claim that accounts for your lost assets as well as your interruption costs?
MHA has decades of experience handling business fire claims. We know the right contractors and experts needed to provide remediation and estimates for a defensible claim.
FEMA states that 40% of business do not reopen following a fire and another 25% fail after one year. With the clock ticking, contact MHA for a free assessment of your damage and policy thresholds. We’ll work urgently to maximize your claim and put you in the best position to recover.
“You provided us with guidance, protection, and knowledge needed in order to make informed decisions about our property claim. The competence and negotiating skills led us to maximum recovery from our insurance carrier.”
Thomas Whelan, Executive Director
Prime Time House
Torrington, CT
MHA Promise
- Prompt Communication
- Highest Integrity
- Best Industry Practices
Business Fire Disaster Planning and Policy Preparation
Business Impact Analysis
- Develop a survey questionnaire and train leaders
- Execute survey with operations stakeholders
- Determine risk through gap analysis
- Consider mitigation plans for chemicals, fuels, and hazardous materials
- Review impact analysis with partners and suppliers
Establish Recovery Strategy
- Secure agreements with contingency vendors
- Determine employee and customer communication alternatives
- Develop IT and data access backup plans
- Maintain photo and video files of premises, inventories, equipment, and supplies
- Update policy coverages to align with risks
Document a Plan
- Establish a playbook of procedures for fire related disasters
- Align roles with actions and institute new hire training and annual updates
- Obtain agreement among executive team and department leadership
- Inform employees, partners, vendors, and suppliers of pertinent procedures
Test Your Plan
- Conduct mock "table top" disasters to play out recovery scenarios and identify weaknesses
- Perform simulation recovery of key IT systems
- Practice a full recovery, including failover to established backup sites
- Document gaps and actions needed to update the plan and insurance coverages
Business Fire Claim Expertise: The MHA Process
1. Policy Review & Relocation
Following a fire loss to your business, MHA will work with you to assess any safety issues, the scope of your policy, and claim considerations, including interruption expenses.
2. Codify Claim Strategy & Execution
After completing an assessment, MHA will work with you to understand asset valuations and agree on a claim strategy that optimizes policy coverages.
3. Claim Preparation
MHA will gather critical documentation including contractor estimates, legal briefs, and a comprehensive list of itemized assets with defensible valuations.
4. Claim Submission & Settlement
With the claim expertly assembled and submitted, adjustments will likely follow by the insurance carrier. MHA will then negotiate a final settlement - working in your best interest.
5. Settlement Payout & Asset Restoration
Once a claim is settled, MHA continues to work with you to suggest trusted contractors or provide representation in the event new losses are discovered.
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