Water damage can wreak havoc on both residential and commercial properties, causing a wide range of problems and significant financial losses. From pipes breaking to roofs leaking, the consequences of water damage can be devastating. However, the approach to water damage restoration differs significantly between residential and commercial properties due to various factors. In
The storm is gone, the rain has stopped, and the wind has subsided. Unfortunately, your business has sustained damage and your doors are closed to customers. While nobody expects this scenario, it does happen. Your next steps as a manager or owner are critical to getting back in business fast. With the right decisions,
Isaias is currently a tropical storm with the potential to become a Hurricane impacting Florida's West Coast Businesses. Business interruption from Hurricanes can be detrimental and is not limited to flooding or property damage. Prolonged power outages, supply chain disruptions, and the evacuation of key personnel are common scenarios during major storms. Planning and
We all do it - we worry about things we cannot change. What if you didn’t have to worry as much? You can’t prevent disasters from happening, but you can be prepared for a disaster before it takes place by planning now. Wouldn’t you feel better knowing you have a plan?
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,
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.
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
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