Tips for Working Through Business Interruption

8/21/2019 (Permalink)

It only takes a few minutes for flooding to put you out of business.

Tips for Working Through Business Interruption
When flooding or other disasters affect your business properties to the point that you have to close up shop for a while, you're likely to face costs beyond the physical loss of and damage to your property. At this point, you may work with your insurance company to establish a period of business interruption. Along the way, you'll probably work with several different people:

Claims adjusters
Water damage cleanup and restoration technicians
Building inspectors
Insurance agents

While each of these professionals has a different role to play, they are all working with you toward the same end: getting your company back in business.

Cooperate With All Parties
Business interruption insurance is there to provide some compensation for the income you may lose during the time it takes to repair and restore your property following a broken pipe. While claims adjusters, inspectors, and other professionals are doing their work, there are a couple of things you can do to smooth the process and reduce the business interruption time.

Communicate Often
One of your top priorities should be to communicate fully and cooperatively with each one of the people working on your case. A positive relationship with insurance representatives and cleanup crews can go a long way toward keeping your work on track. Talk to agents, adjusters, and other representatives often, so they know the actions you're taking, and you know where they are in the claims process.

Organize Documentation
The second tip is to keep paperwork organized. You may have an estimated timetable for repairs, detailed business records, copies of the insurance policies, and written and photographic proof of damages. You'll also have copies of written communications; it's best to have all requests and agreements in writing to avoid misunderstandings. You may need to refer to or share this information often during the reconstruction process following large water damage, so keep it handy.

It only takes a few minutes for flooding to put you out of business. With help from a variety of professionals in Wellington, FL, you can survive the reconstruction process and get back to work as quickly as possible.