Hurricane Harvey, then Hurricane Irma, tore through several states and caused billions of dollars in property damage. Businesses were forced to shut down and lost profits was the result. Most businesses have first-party property insurance which provides coverage for property damage losses, including but not limited to damage to real and personal property, lost profits, debris removal, extra expense, business interruption, and contingent business interruption losses. When making a first-party property damage claim to the insurance company, businesses should engage insurance coverage counsel and a forensic accountant to assist with organizing and presenting the claim. Here are a few reasons why.
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