Commercial Loss Challenges

8/3/2017 (Permalink)

Fire losses account for approximately $2.3 billion in commercial and industrial direct property loss each year.  At times you can have large-loss fires that affect buildings such as apartments, facilities, and places people work. These types of losses affect multiple lives. It can take a lot of effort on everyone's part to provide support. Here are some tips for the property owner to consider during this time.

• Make sure everyone is safe and away from the property. Safety is the number one concern.
• Get the community involved in helping families or workers that may be affected
• Bring your adjuster in early to help manage things such as photos, mitigation, documenting anything they need to.
• Analyze your policy, including all clauses, additions, extensions, and exclusions.
• Bring in experts to check out the damages
• Communication is key. Everyone should stay in good contact to get the job done as smoothly as possible.
• Know that the process can be long and require a lot of patience.