business interruption & loss of income

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Years In Business
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$ 1 B+


Time element coverages- Loss of income, loss of rent, extra expense,

Any business that suffers severe damage may see operations temporarily or permanently suspended.  This circumstance will immediately cause high uncertainty, even for the most astute business owner.  Let the professionals at Altieri Insurance Consultants provide educated guidance on what to do first and how to proceed from there.  Altieri’s record of dealing with disaster, leading businesses through chaos and confusion, has led many to suggest that we “are worth our weight in gold!”  It is not just the superior financial recovery we provide but also the process employed.  

Altieri Insurance Consultants employs licensed adjusters who are also accountants.  These professionals have honed special financial analysis skills in accounting in previous careers. They are highly skilled in historical income trend analysis and calculating income loss projections for the insurance company’s forensic accounting teams to arrive at settlement opportunities for our clients.  These financial presentations capture the income loss caused by the business interruption insurance claims and supply our clients with payment of the income they would have realized had no loss occurred.

While we generate successful settlement results, it is the calm, deliberate thought applied with a sense of direction to the claims process that allows business owners to concentrate on planning their business recovery. At the same time, we take care of the claim details.

Depending on the type of business we represent, we identify many options for those business owners to resume operations, even temporarily from alternative locations (and get the insurance company to pay for that relocation), while the claim process proceeds.  Maintaining a customer base, keeping employees working, preserving the ability to perform under previously established contractual obligations, and saving relationships with critical customers are our focus as we develop alternative means for business interruption insurance claims to resume.  

We realize you are not in the business of making claims, therefore it is your business perpetuation and survival that is of primary concern to the adjusters at Altieri.  We will confirm the claim for those vital needs.

We form strategies beyond conventional thought to achieve business resumption while collecting under the insurance policy to its fullest. Who is doing that for you?

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As licensed Public Insurance Adjusters, we represent insurance policyholders through the insurance claims process. Through our licensing we are able to assist commercial and residential property owners following any type of catastrophic event including hurricanes, fires, pipebreaks, tornados or anything else that may cause property damage.

We also provide the following services:

  •  Preparing detailed damage reports
  •  Creating estimates & contents inventories
  •  Loss of Income, Extra Expense, and other Time Element evaluations
  •  Policy reviews & coverage analysis
  •  Appraisal services
  •  Mediation & Litigation support
  •  Roof & building envelope inspections
  •  Insurance estimate reviews & evaluations
  •  Pre-Loss coverage review
  •  Hurricane Contingency Planning
  •  FEMA consulting

What we do

Helping you recover after the storm

Exterior damages? Partial replacements?

Fire and Smoke damage, from repair to replacement.

From pipe breaks to flooding, we can help.

Navigating Business Interruption Claims

expert insights


Navigating Business Interruption Claims: Expert Insights

Business interruption is defined as a disruption to normal business operations caused by events like natural disasters, fires, or mandatory evacuations. Insurance typically covers lost income and operating expenses during the restoration period.

Business income coverage is part of business interruption insurance, designed to replace lost net income and cover operating expenses when business is halted due to a covered event. Business interruption insurance covers extended obligations beyond the immediate aftermath.

The first steps include notifying your insurance company immediately, documenting the damage thoroughly, and maintaining accurate records of lost income and additional expenses incurred as a result of the interruption.

Loss of income is calculated based on previous financial records to estimate what the business would have earned had the interruption not occurred. This includes revenues, fixed costs, and extra expenses during the interruption period.

Common exclusions include interruptions from undeclared or indirect events, such as utility failures not on the premises, or pandemics unless specifically added to the policy.

Essential documentation includes financial statements, tax returns, sales records, expense reports, and any other records that prove the income and expenses during the affected period.

Public adjusters help by assessing the claim, ensuring all potential losses are identified and properly documented, negotiating with insurance companies, and expediting the claims process to maximize the settlement.

The typical timeframe for settling a business interruption claim can vary from a few weeks to several months, depending on the interruption’s complexity and the documentation’s clarity.

Yes, businesses can claim for partial interruption or reduced operations if their policy covers it. This includes scenarios where the business continues to operate but at a reduced capacity.

Natural disasters can directly affect business interruption claims by defining the scale and scope of covered interruptions and exclusions. Policies will detail specific types of natural disasters covered and any related conditions or limitations.