Business Interruption Damages – San Diego (CA)
Companies in San Diego and California regularly face the potential for business interruption due to unforeseen events including natural disasters and unexpected crises. Unlike those in other states, California experiences a higher rate of such events including the 17 proclaimed disasters declared in 2024 alone. This doesn’t include the significant damage caused by the Eaton, Hughes, and Palisades wildfires which have destroyed over 16,000 structures and burned thousands of acres. In fact, it has been estimated that the economic loss from this one natural disaster will result in $2B to $3B. Businesses which experienced damages from the fires need to consult with a qualified professional to help navigate the complexities of calculating business interruption damages.
LA Wildfire Map
Business Interruption Damage Consulting – San Diego (CA)
Windham Brannon provides business interruption damage calculations and consulting to companies in San Diego and California. Our seasoned professionals have years of experience helping navigate the complex insurance claim process. Members of our team hold the Certified Valuation Analyst (CVA), Accredited in Business Valuation (ABV) and Accredited Senior Appraiser (ASA) certifications. This means team members have the needed practical experience, technical knowledge, and analytical skills to determine loss and guide you through the insurance claims process.
Importance of Claiming Business Interruption Damages
- Business Survival: The financial impact of a disruption can be severe, leading to business closures if not properly managed. Business interruption damages act as a lifeline, allowing businesses to weather the storm and continue operations once the disruption subsides. For many businesses, this insurance is the difference between survival and closure.
- Maintaining Financial Stability: Businesses often rely on a delicate balance of income and expenses to remain financially stable. When a disruption occurs, this balance is disrupted. Business interruption insurance helps maintain that equilibrium by covering fixed expenses and lost income, preventing financial instability or bankruptcy.
- Faster Recovery: Financial constraints can significantly impede the recovery process. With business interruption coverage in place, a business can access the funds needed to expedite repairs, replace damaged equipment, and resume operations swiftly. This could mean a quicker return to normalcy and revenue generation.
- Protecting Employees: Employees are the backbone of any business. Business interruption damages help ensure that businesses can continue to pay their employees, preserving jobs and providing a sense of security during challenging times.
Contact Our San Diego Business Interruption Consultants
Windham Brannon provides business interruption damage consulting services to businesses located in San Diego and California remotely from our Atlanta office. If you have questions or need assistance determining your interruption damages, complete the form below and a team member will follow up shortly.
About the San Diego (CA) Business Community
San Diego’s business community is diverse, dynamic, and fueled by a mix of established industries and emerging sectors. The city benefits from its proximity to the U.S.-Mexico border, making it a key hub for international trade and business, particularly in the fields of biotechnology, telecommunications, and defense. San Diego has a strong presence in the life sciences and healthcare sectors, with many research institutions, biotech startups, and pharmaceutical companies centered around the city, supported by a robust ecosystem of innovation and venture capital.
Additionally, the city is known for its thriving tech industry, particularly in software development, cybersecurity, and digital media, as well as its growing startup scene. The tourism and hospitality industries also play a vital role in the local economy, given the city’s reputation for its beaches, cultural attractions, and year-round mild climate. San Diego’s education and research institutions, including the University of California, San Diego (UCSD), contribute to the city’s reputation as a center for academic excellence and innovation. The area codes used in San Diego (CA) are 619 and 858.