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Fire & Water - Cleanup & Restoration

Is Your Business Prepared To Survive a Disaster?

12/31/2019 (Permalink)

Do you know whether you have business interruption insurance?

Surviving a business fire at your Tempe, AZ, commercial property goes well beyond getting the flames put out. Unfortunately, the work that remains to be done after firefighters have finished their work may prevent you from re-opening your doors for quite some time. When this happens, you need business interruption insurance to be sure your company can survive.

What Is Interruption Insurance?

Sometimes referred to as Consequential Loss insurance, this type of policy provides coverage that helps you survive without the income you'd normally receive during regular operations. Some of the most common items covered by this insurance include

  • Physical damages to your buildings and property
  • Damages to machinery and equipment
  • Non-physical damages, such as payroll and monthly debts

This type of insurance may also cover payments for the gross profits you would have received if you'd remained in open.

Don't Underestimate How Long Recovery Takes

One of the biggest mistakes business owners make when purchasing this type of insurance is underestimating how low it will take to recover. It is important to hire fire cleaning and reconstruction professionals who understand the importance of getting back to work as quickly as possible. However, it's reasonable to expect that you may not resume normal operations for several weeks or months, depending on the extent of the damages.

Give Yourself Time to Replace Damaged Items

In addition to recovering the physical aspects of your commercial buildings, you'll also face replacement of machinery, inventory, and other content. As you consider the impact of a fire on your business, be sure to factor in the time and expense it will take to replace the items of value within your buildings and on your property.

Is Your Business Protected?

Do you know whether you have business interruption insurance? Contact your insurance provider before you're affected by a business fire. Don't wait for disaster to strike to find out whether you have the coverage to keep your Tempe, AZ, business afloat while cleanup and recovery efforts are underway.

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