Need to understand nature of loss expenditures in order to differentiate between extra and expediting expenses. It is critical that any analysis you are performing is keeping a close eye on the relationship between the costs to reduce the loss and the turnover of the business. It is also important to review the benefits of any non-recoverable continuing expenses when you do your analysis of the numbers. All of the information that we have itemized as business continuity issues will form the basis of determining the indemnity dollars that are available to the policyholder in the event of a loss. This paper gives you a snapshot into the many action items that face a loss adjuster on a major claim.
Teamwork is essential in accomplishing what needs to be done.
The common vision that we all should have is that if a major event happened the response would be quick, responsive and effective. I don't believe in circumstances. For the full edition of this newsletter, please subscribe . Please read our website legal disclaimer .