Hurricane Laura Alert: Aprio Stands Ready to Provide Insurance Loss Services
September 2, 2020
Hurricane Laura is expected to cause nearly $25 Billion in damage, one of the costliest storms in U.S. history. If your business has suffered physical damage and loss of income, know that insurance policies may contain either a hurricane deductible or a wind and/or hail deductible. In addition, business interruption coverage typically allows for “actual loss sustained” during the “necessary” period of interruption with a coverage limit.
What should you do if you are affected?
To ensure your business obtains the full amount of loss reimbursement:
- Check with your agent, broker or insurance adjuster or carrier as to what documents you will need to submit a claim.
- Put your carrier on notice of a potential claim as soon as you are able and within the time frame allowed under the policy.
How Aprio can help
If you are unsure of your policy coverage, let Aprio review your policy and work directly with your carrier to understand your benefits. Aprio can also assist you in quantifying the business income loss and putting together the necessary documentation for your carrier.