From our 2019 Florida RIMS Educational Conference Session in Naples, Florida Introduction The insurance claims process and the relationship between the insured and the insurer has changed drastically over the last 20 years. We are seeing more and more materially interested parties involved in the insurance claims process, especially in claims involving large commercial losses….
Category Archives: Disaster Planning
After a hurricane or other regional disaster, the hardest-hit areas are often flooded with contractors and service providers that aren’t properly licensed or qualified to perform the work they are hired to do. Too many people hire the first vendor who knocks on their door because they are desperate to start the recovery process. Perhaps…
Floods are the most common and costly natural disaster in the US. According to the NFIP, 90% of natural disasters in the US involve flooding. And, flood damage restoration is expensive to repair. FEMA states that 1 inch of water can cause $27,000 in damages to a 2,000 square foot property. With the potential and…
Property Mitigation Tips We all do it, we worry about things we cannot change. What if you didn’t have to worry as much? I’m not saying you can stop a disaster from happening, but you can be prepared. Wouldn’t you feel better knowing you have a plan? Consider these commercial property damage preparation tips and…
Mitigate Property Damage and Risk Continuity planning can be time consuming, and you might even think it isn’t necessary. Maybe you have had a loss before and feel as though “it can’t happen again, right?” Maybe you are too busy running your business to even think about planning for property damages. The problem with this…
Understanding Your Commercial Property Damage Insurance Policy is Critical This isn’t some evil rant on insurance brokers. It’s just common sense that’s not so common. Commercial Brokers don’t intend to under insure a property or exclude coverages from your policy, but their job is to find the right balance between proper coverage and staying within…
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