Small Business Suffer From Expensive Water Damage
Water damages rank as the second most common property claim filed under commercial insurance policies on an annual basis. With an average claim approaching $20,000, you must properly handle your commercial property water damage claim from the outset. Standing water can ruin your equipment, your inventory, and your building. In addition, you should also calculate lost productivity and potential health problems for your employees and customers.
Whether the water damages occurred to your commercial building’s roofing system, ceilings, walls, flooring, machinery, or equipment, the need to act is urgent. As a policyholder, you have a responsibility to repair your damages and prevent issues like mold growth. Within minutes of water intrusion, damage can begin.
Unwelcome moisture starts by staining ceilings, walls, and floors, and then can turn into dangerous mold growth. Due to these factors, you may need to start the cleanup and restoration process before your business’ water damage insurance claim is even filed. It is of course in your best interest as a business to shorten your recovery time. Whether you do the emergency clean-up yourself or call in a full-service water removal expert, make sure to first document and account for all the damage.
The less time you must spend dealing with the complexities of your water damage restoration claim and recovering from its impacts, the more time you can spend focused on getting your business quickly back on track. This information will be used as evidence when you file your commercial water damage claim. If you have never filed a water damage claim, or if you are not familiar with the insurance claims process, you may miss important details when filing your claim.
Tips Regarding Water Damage Insurance Claims:
- Allow the insurance company access to key staff to quickly gather all information needed. Funnel all information, delegate responsibility and limit the number of contact people.
- Take photographs or video to document the full extent of the damage. Capture before, during and after photos.
- If your loss is extensive, hire a professional experienced in specialty drying and water damage restoration.
- Keep all receipts and create a list of all out-of-pocket expenses you incur. Record serial numbers when possible. Retain invoices and inventory sheets of any damaged supplies. Include shipping costs, travel time, additional overtime pay, etc.
- Consider hiring a public adjuster to assist you with the entire commercial water damage claims process.
Hiring Professional Help for Your Commercial Water Damage
Commercial water damage can quickly become one of the costliest restoration projects if it is not addressed as soon as possible. Slow response to water damage can lead to structural damage, mold growth and damage, or loss of personal and business property including merchandise, computers and important paperwork.
Call the professionals such as ERX Emergency Restoration Experts in Las Vegas as soon as you can after water damage has occurred. Engage a water damage restoration team with the latest technology to decrease drying time and reduce damage. A quality team will get to work as soon as possible to mitigate the damage to your property, enabling you to get back to work. Look for companies that specialize in water removal, mold control, sanitary sewage cleanup and restoration services.