Are you prepared to handle the aftermath of a natural disaster? A natural disaster could affect the manner in which you operate your place of business. Make plans that will assist with filing an insurance claim.

Commercial Coverage

Identify the types of disasters that are covered in your commercial insurance policy. Your policy may provide protection for common types of disasters. Take note of the exclusions outlined in your policy.

Some types of disasters, such as floods, may require you to purchase a separate type of commercial insurance policy. Your policy will state how much coverage your place of business is supplied with. When disaster strikes, you will be responsible for initiating an insurance claim.

Preliminary Steps

If a disaster damages your business, you will need to file an insurance claim. The insurance claims process can vary in length. The type of incident that occurs and the amount of damage that has occurred could affect how long the claim approval process takes.

It is important to leave everything intact at your place of business. An insurance adjuster will need to investigate the premises to determine what type of damage occurred. The adjuster will prepare a report outlining their findings.

Commercial Renovation Processes

If your commercial insurance claim is approved, you can seek renovation services. You will have the ability to compare quotes that various contractors provide. The renovation may be conducted while your business remains open.

If your business is severely damaged, you may need to make alternate plans to operate your business. This may include temporarily running your business from another location.