One of the most challenging parts of being a restoration contractor is getting insurance companies to pay you for your work. Insurance companies are liable to their customers, not restoration companies. So when it’s time to collect payment for restoration work, many contractors feel disempowered.
Fortunately, there are some legal strategies restoration companies can use to make sure insurance companies are held accountable for paying them. If you work in the restoration industry, you’ve probably heard of the terms Assignment of Policy and Assignment of Post-Loss Benefits. While Assignments of Policy and Assignments of Post-Loss Benefits can sound similar, they are not the same. It’s crucial for restoration industry contractors to understand the difference.
From our legal counsel at One Claim Solutions, a business dedicated to helping restoration contractors get paid better and faster, here is what you need to know:
Since not being the policyholder is one of the biggest hurdles restoration contractors face in getting paid by insurance companies, the obvious remedy might seem like transferring ownership of the insurance policy to the contractor. Unfortunately, the solution is not that simple. Most policies have an anti-assignment provision prohibiting Assignments of Policy that transfer policy ownership to a new person or entity without the insurer’s written approval. Since insurers base insurance premiums on the risks associated with a specific policyholder, they want the right to change the policy if the owner and risks change. Assignments of Policy do not provide restorers with the solutions they need.
Unlike Assignments of Policy, Assignments of Post-Loss Benefits are generally allowed under insurance policies in most states. Assignments of Post-Loss Benefits can be used to transfer policy post-loss rights to restoration contractors without transferring policy ownership. Unlike Assignments of Policy, Assignments of Post-Loss Benefits do not require consent from the insurance provider. An Assignment of Post-Loss Benefits empowers contractors by giving them the right to direct payment from carriers. It also prevents the need for restorers to go through the liens process with the property owner just to get paid.
Restoration billing industry expert Josh Ehmke recommends that restoration contractors ask their customers to sign Assignment of Post-Loss Benefit paperwork anytime they work a job with a coverable claim.
Notably, Assignments of Post-Loss Benefits have some additional restrictions in Florida and are not allowed in Texas. If you are a restoration business in those states, reach out to specialists like One Claim Solutions to learn more about your legal rights.
Navigating getting insurance providers to compensate you for restoration work can be complicated, especially when some of the best ways to empower yourself as a contractor involve maneuvering legal matters like Assignments of Post-Loss Benefits.
If you find yourself feeling overwhelmed with legal jargon while trying to ensure your company gets the compensation it deserves from insurers, turn to One Claim Solutions. Our experts can help review your work authorizations to ensure your team has the strongest stance possible. We also offer coaching on restoration billing and documentation. Request a consultation with us today.
Hello! I’m Nicole, and I’m here to champion for our employees, recruit for new talent, and impact culture at One Claim Solution. I find satisfaction in supporting a memorable employee experience and bring innovation, problem solving, and strategic view to the process. Nothing is more important than our people, and a healthy culture is my top priority! I have had the pleasure of building my career in various sectors, specializing in small to medium size firms focused on high-growth. My experience is centered around driving and implementing change, leading high-performing teams, and driving process improvements. I am excited to make an impact at One Claim. Outside of work, my family and I enjoy getting outdoors as much as possible to explore beautiful Colorado!
Great to meet you! I’m Elizabeth, and I’m the one behind all the emails and advertisements you’ve been seeing. As the Demand Generation Manager at One Claim Solution, my mission is to connect with contractors like you who need our services. I’m passionate about having an impact on others and I bring a wealth of experience in demand generation and marketing strategy to create moments of delight, curiosity, and education for you.
Prior to One Claim Solution, I had the privilege of building marketing departments from the ground up at companies in a variety of industries, including IT consulting, first protection, and healthcare. Personally, I love being outdoors, playing Dungeons and Dragons and board games, singing, and traveling.
Welcome! I’m Alisha, and I’m here to champion your success as the Director of Contractor Success at One Claim. With a passion for helping contractors thrive, I bring a wealth of experience in onboarding, customer service, and account management to ensure your journey with us is nothing short of exceptional.
Prior to joining One Claim, I had the privilege of scaling SMB and Enterprise Customer Success teams at fast-growing SaaS startups. With over six years of experience at companies like Mavenlink, Teamwork, and ServiceTitan, I honed my expertise in building high-performing teams and fostering proactive, consultative relationships. This background has equipped me with a deep understanding of the challenges faced by businesses like yours, and I’m dedicated to helping you overcome them.
Hi there, my name is Eric! I am the Chief Technology Officer here at OCS, spearheading our technical strategy. I have a background in computer science, graduating cum laude from BYU-Idaho with a Bachelor’s degree in Computer Information Technology.
Before coming to One Claim, I served as the Director of Engineering at Slingshot Technology, Inc., a company later acquired by WorkWave in 2021. My professional journey has spanned both emerging startups and established corporations, with a steadfast focus on cultivating high-trust, low bureaucracy teams and innovating technology using agile methodologies.
In my free time, you can find me flying drones, enjoying the outdoors, and spending time with my family.
Hello, my name is Cam, I’m the COO of One Claim Solution! I come from a management consulting background (Bain & Company) and hold an MBA from the University of Michigan. I have worked at a wide variety of organizations, from Fortune 500 to small-cap, in an equally wide variety of industries. I have over 15 years of experience in operations and strategic growth, and I have spent much of my career focused on developing high-performing tech-enabled service organizations through early stage and high growth phases.
Outside of work, my wife Brittny and I have four kids, ages 13 to 6. As residents of Mesa, Arizona, we love to ski and explore the national parks of the southwest!
Hello, my name is Dan, and I am the CEO of One Claim Solution. I am super excited by everything we are doing at OCS to be the market leading insurance billing specialist that advocates on behalf of our restoration contractors.
My professional experiences are predominantly corporate in nature. My career started at General Electric in finance and accounting. Immediately prior to joining OCS, I spent time as an investor at Bondcliff Partners and management consultant with Bain & Company. I also hold an MBA from the Kellogg School of Management at Northwestern University and got my BS in finance and accounting from Northeastern University.
Outside of the office, I enjoy spending time with my wife, two young children, and our family dog, Whiskey. We live in Charleston, SC and take advantage of the beautiful weather by spending as much time as possible outside at the beach or adventuring around town
Hi, I’m Josh! In 2016, I co-founded One Claim Solution with my partner Jeremy Traasdahl, and I serve as General Counsel of One Claim Solution. Working in the restoration industry, Jeremy and I saw contractors struggling to get paid quickly and fairly and we knew there was a need for change. We founded One Claim Solution to be this change and it’s been my privilege to see our company grow and to advocate for our clients as general counsel.
Outside of my passion for helping the restoration industry, I enjoy spending time outdoors, fly-fishing, hunting, skiing, and coaching my kids’ baseball teams. I’ve been married to my amazing wife for 20 years and we have a beautiful family of 5 children.
Hey, I’m Jeremy! In 2016, I co-founded One Claim Solution with my partner Josh Ehmke. Working in the restoration industry, Josh and I saw contractors struggling to get paid quickly and fairly and we knew there was a need for change. We founded One Claim Solution to be this change and it’s been my privilege to lead our amazing team.
Prior to One Claim Solution, I started my career as an inside sales rep for Avnet, then moved to Pepsico as a district sales manager. Outside of work, I love spending time with my wife and four children, two boys and two girls!