Website Closers® presents a company that has a decades-long track record of playing a critical role in investigating and processing property claims following a natural disaster, one of the most important financial concerns any property owner can face.
Operating in multiple states, this public adjuster firm has developed a strong reputation for an honest approach to investigating claims and helping both commercial and residential property owners who have faced devastation from the wrath of Mother Nature.
In fact, the company is now focusing on the state of Florida, which suffered approximately $70 billion in losses from the impact of Hurricane Ian, a category 4 storm that struck the state in late September of 2022.
This is the kind of industry where reputation really matters, and in the past 12+ years, the company’s stature has improved significantly when it comes to their expert knowledge of this field, their excellent communication skills, and sharp turnaround time. The company’s reputation has also soared when it comes to complete transparency in how they operate. The company has an A+ Rating from the Better Business Bureau for good reason.
Insurance is such a massive industry today, covering policies to protect homes, automobiles, health care, and so much more, that the market for insurance claims adjusters in the United States is now valued at more than $231.6 billion.
While this company is now focused on processing claims in the South, they are expected to experience significant growth in 2023 as they begin expanding into additional states. Since no region of the country is immune to a potential threat to the property, the company has the likelihood of tremendous growth both in the South and by setting up shop in new states.
But first, let’s take a step back and review the company’s history and how it is now projected to be processing a large number of claims from Florida alone which could add significant value to this offering.
The current ownership founded the company in 2008 after Hurricane Ike devastated parts of the U.S., particularly Texas. Recognizing this industry’s durability, the company has grown and is now operating in multiple states, including not just two of the largest, Florida and Texas, but also Colorado, Illinois, Louisiana, Nebraska, Oklahoma, and Utah.
The firm will fully analyze a loss, using their investigative skills to ensure that a claim is covered by the homeowner’s insurance policy, then what the level of financial compensation should be. The company has become adept at structuring claims so clients receive the maximum benefit from the coverage available to them in their policy, and they maintain open communication with the carriers so the process doesn’t become stale.
In the past, the company has maintained two key ingredients for bringing on new clients: direct sales to prospective clients in an area impacted by a natural disaster, and referrals that have boosted their business profile over the years. Having worked hard to develop a reputation for honesty, integrity and skillful analysis of claims, many of their clients have touted them as the best public adjusters firm they’ve ever worked with.
At the same time, the company has invested in some digital marketing tools to help boost their standing even further. That includes having a social media marketing plan on their Facebook page, and an SEO program for their website that includes an informative and educational blog. Their website has also generated 5,000+ subscribers in their email database for future newsletters or email marketing campaigns.
With the company now focused on pursuing claims in the South, they are currently processing approximately 100 total claims with an accounts receivable value of approximately $1.6 million, a figure that could increase significantly by the end of 2023 due to the recent catastrophic weather events.
The company’s entity licenses are transferable to a buyer, and this is a business that is easy to scale since property owners across the country file new claims every day and are always in need of an objective claims adjuster.
The current ownership is available to stay post-acquisition for daily consulting and any related tasks that are needed to help simplify the transition.
This is a business operating very successfully in a high-demand field, and one that will remain active and prosper as long as insurance claims are being filed. The best news for a buyer is that the company’s stellar reputation is also transferable.
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