Riot and Civil Commotion Coverage for Commercial and Residential Properties

2020-07-08T01:19:45-04:00 June 5th, 2020|

“Riot or Civil Commotion coverage” is commonly found in residential and commercial property insurance policies. There has been a lot of uncertainty amongst business owners that have suffered property losses due to the riots in the past few days. Hopefully the following will clarify some of those concerns. These perils cause physical damage to the [...]

The Five Tools NextGen Leaders Needs to Maximize the Next Decade in Roofing

2020-07-08T00:57:30-04:00 April 23rd, 2020|

2020 is upon us and we are officially in the next decade and before I share what tools you need to have to maximize this new decade, let’s look back at how fast the Roofing industry changed during the last one. The 2010’s were an incredibly prosperous decade, many companies who have been in business for some time climbed [...]

The Balance: The Stock Market Trend and How it Affects Insurance Claim Payments

2020-07-08T01:11:02-04:00 April 8th, 2020|

Due to the impact of the Coronavirus, the stock market has taken a drastic and fairly sudden downturn in the average rate of return, and it’s forecasted to get worse before it gets better. With an unknown end date to the pandemic, investors, property owners, and businesses can expect to see the market continue to [...]

COVID19 Financial Resources

2020-07-08T01:34:58-04:00 April 6th, 2020|

COVID-19 has brought a lot of uncertainty to Small Businesses across the United States. Many business owners are feeling the financial pressures brought on by mandatory closures, or decreased traffic as a result of shutdowns. Things are changing daily as well, so it can make even the most veteran businessperson’s head spin. Below is [...]

Leveraging Property Insurance to Manage Business Finances and Capital Expenses Budget

2020-07-08T01:40:46-04:00 April 1st, 2020|

For a very long time, there’s been a misconception that property insurance funds paid to policyholders must immediately be used as allocated and directed by the insurance company. Property owners believe that failing to restore their property to its condition prior to their insurance claim will result in possible insurance fraud allegations. This misconception, as [...]

Coronavirus & Business Interruption Insurance Coverage

2020-07-08T01:46:20-04:00 March 31st, 2020|

The Coronavirus global pandemic has significantly impacted not only individuals throughout the world, but businesses and their employees' livelihood. While the United States is promising nearly $1 trillion or more in bailouts to large businesses and banks in an attempt to soften the outcome, this will only positively affect so many small businesses, and will [...]

Engineers, Advocates for the Insurance Company?

2020-04-17T07:38:23-04:00 March 30th, 2020|

Engineers, Advocates for the Insurance Company? Written by Tristan Miles, Premier Claims' Public Adjuster “We cannot be advocates for the homeowner.” “Working for a Public Adjuster is a conflict of interest.” “We are paid by insurance companies regardless of our opinions.” “We cannot be an advocate for anyone...” These phrases from an engineer surprised me, [...]

RFG vs. DMO Pricing and Why it Matters for Insurance Claims

2020-04-17T07:39:00-04:00 December 19th, 2019|

Researched and Written by DJ SedlacekIn every carrier estimate the pricing for roofing material tear off is set at DMO pricing as if a different subcontractor would go up on the roof to tear off the material rather than the roofer replacing the material. Why does this happen? Backed by the insurance industry, Xactware opened [...]

How Insurance Companies Use Estimating Software To Cut Profits From Contractors

2020-04-17T07:39:22-04:00 December 3rd, 2019|

Researched and Written by Tristan Miles Carriers such as Erie Insurance, Cincinnati Insurance, and Tower Hill Insurance continually create estimates that leave insureds and contractors with up to 20% less profit than what should be owed. Carriers have found ways to utilize Symbility to ensure that every estimate written, is done so, at the lowest [...]