Business Interruption
Saturday, September 18th, 2010 | Uncategorized | No Comments
Loss of power and communication can devastate a business. www.SurvivingBusinessDisaster.com has videos with solutions. Replacing power, phone and internet when local service is down can cost thousands of dollars. Proper planning can releave a source to pay for these expenses. Plan to survive.
How long can your business be shut down? Plan to survive!
Monday, August 30th, 2010 | Uncategorized | No Comments
There are hurricanes moving to the east coast of the US.
What if your business were touched in some way?
What if you had major building damage?
What if you just lost power? But what if you were without power for weeks?
What if you just lost phone and internet commications for weeks?
How much business revenue would be at risk if you experienced any of these storm related problems? There are services that can help you open your business again in just days even if your building was destroyed or just lost communication and power.
When a metropolitan area experiences widespread damage many businesses will be looking for the same services and products to re-open. Many wait too long until they become available. Set in advance your plan so a simple phone call and you can count on being in operation while others are still closed.
Lightning causes gas line to blow up and destroy home.
Wednesday, August 18th, 2010 | Uncategorized | No Comments
A custom made home built with special detail by the owners will have to be completely rebuilt after fire from a gas explosion touched off by lightning burned the structure and destroyed all contents. The owners said a lifetime of belongings were lost. We were hired by their insurance company to help the owners assemble their personal property claim. The owners were thankful for our help but were still in disbelief. Another instance that property disaster can happen to anyone anytime.
Fire Destroys Auto Part Business
Sunday, July 25th, 2010 | Uncategorized | No Comments
The owner described to me that lightning is being blamed for starting the fire. Last month we were hired by his insurance company to help the owner file his claim.
The fire started at the front office area. It destroyed this area then the reception area along with the back office. Then the fire spread to the supply room destroying the parts inventory. The owner still in shock over his loss admits in a somber tone he did not have enough insurance to cover the inventory.
This is a real life instance. Similar to scenarios I warn our clients about. This business did not have enough coverage on the product that produces their revenue. They did not have the Business Income insurance to provide the funds to pay for the loss of revenue or the expenses to re-open.
Steps to Survive Business Property Disaster
Wednesday, July 21st, 2010 | Uncategorized | No Comments
As hurricane season approaches the traditionally active months it is important for business owners and executives to remember the keys for a business to survive a storm, fire, water or other property disaster.
[] Re-opening the business immediately.
[] Having the funds for re-opening expenses.
[] Receiving funds for the lost Business Income.
[] Replacing damaged business property, special equipment & inventory.
[] Responding to the claim adjusters requirements.
[] Arranging restoration services.
Without a plan to account for all these processes is why so many businesses eventually fail after a disaster.
Such a plan can be set up quickly.