Role of Insurance Adjuster for Your Business

Insurance adjusters help clients during claim adjustment by providing claim information, amount, the damage recovery process, and claim settlement fees.

FREMONT, CA: Insurance claim adjustment is a tedious job that requires immense time and effort. An insurance claim adjuster helps clients resolve these processes seamlessly by providing all documents and information required for insurance claims. Insurance claim adjusters can be company adjusters, insurance company employees, independent adjusters, and public adjusters.

Since company adjusters work for your insurer, they primarily serve the needs of their employer. Although they genuinely care about your concerns, it's important to keep in mind that the majority of their efforts are going into settling claims quickly and minimizing payouts.

Independent insurance adjusters also work for insurers, but only on a freelance basis or in the capacity of consultants. A company may use them when it does not have a claims representative within a specific geographic area, is overburdened with claims, or when there are no adjusters in the company who have experience with a different kind of claim.

It is similar to independent adjusters in that public adjusters work for their clients and not the insurer, so they work for them instead of the insurer. It is well known that public adjusters provide objective advice on settlements since they are hired by insurance customers, which is why a percentage of that settlement is used as their fee. In addition, since public adjusters are compensated based on the amount of a settlement, a public adjuster's interests are usually aligned with yours.

In most cases, it would not make sense to hire a public adjuster for a small business insurance claim that does not amount to more than a few hundred or thousand dollars. Having a larger claim than usual but having faith in your insurer that it will be handled fairly by them, it makes sense to let their company adjuster determine the payout for your claim. Suppose you suffer a significant loss, such as a catastrophe that could impact the finances of your business or personal life. In that case, you might find it worthwhile to hire a public adjuster at the beginning of the process.