What to Do After a Business Insurance LossA few minutes is all it takes for wind, fire or water to cause significant damage to your business property, but if you are equipped to handle the aftermath, your business can be up and running again in no time. Working hard to establish your business is a priority and so should the insurance that protects that business. Having the right type of N.C business insurance BEFORE an insurance loss happens is fundamental, but knowing what to do AFTER a business insurance loss is just as important.

Some Basic Tips to Follow After a Business Insurance Loss 

Suppose your N.C. business suffers major damages as a result of a fire due to an electrical malfunction and now is inoperable. Would YOU know what to do? If disaster strikes, you must be aware of some basic tips to prevent a permanent shut down.

  1. Secure protection/safety for your employees as well as yourself
  1. Mitigate damages by preventing further damage and restore utilities as soon as possible
  1. Contact your N.C. independent insurance agent to assist with the filing of your business insurance claim
  1. Take inventory and pictures of all damages to your building/property for documentation purposes as this will aid in the claims handling
  1. Be aware of any shock hazards/risks such as electrical lines being down, especially if there is water
  1. Secure your building from the public and place hazard signs in full sight of anybody that should be entering the building
  1. Remove inventory to a secure location that is safe/untouched to prevent any damage
  1. Keep itemized records of repair process and expenditures that you may incur

Be Prepared!

Once you notify your N.C. independent insurance agent of your business insurance loss, your insurance company will send a claims adjuster to your property to inspect the damages and provide an estimate for repairs.

Being prepared prior to a loss is just as important as handling the aftermath of a business insurance loss. Contact your N.C. independent insurance agent for any further questions regarding the handling of your business insurance needs.

 

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