There are many disasters that can happen to the building that houses your business, just like disasters that can happen to homes. You could find yourself in the middle of a hurricane, tornado, flood, or even an earthquake. You could have a pipe burst and flood your building or offices, and you could even have a fire.
These risks are part of why it is extremely important to have your business insured. Insurance protects your building and the contents within. Once damage does happen you’ll want to restore your building, which means you’ll need to do some renovating. Here are some of the things that can happen and the work you’ll need to do to fix your business.
Floods can happen because of nature and they can happen because of faulty pipes. Whatever kind of flood you have, you will likely have to replace floors and carpeting, and maybe even some furniture. If you get the water clean up fast and professionally you may avoid loss and mold.
Internally caused floods may automatically be covered by your insurance, but if your business is in a floodplain you may need to have extra coverage specifically for floods or you’ll be paying for your entire loss out of pocket. Major floods can cause much more damage, and could result in the need of complete renovations.
Hurricanes, tornadoes, high winds, and even earthquakes can cause roof damage, and much more. You can get a good idea of your roof’s damage by giving it a look, but some damage may not be visible from the ground. You might not even notice it unless you see a leak indoors.
If you’ve been through a storm and notice damage on your property, like trees down, it might be a good idea to have someone come take a look at your roof. It’s better to be safe than sorry, especially when your building is home to all of your business materials, office equipment, and products.
Major damage to your business can be costly. Some storms can cause more than just structural damage. If your building was completely destroyed, something that is very likely if you experience a tornado or an earthquake, you will need to completely rebuild.
It can take time to get your insurance money, and then even more time to rebuild. But a disaster doesn’t have to be the end of your business. It can be thought of as a positive way to make some changes.
The most important thing is to remember to insure your business, check your policy often, and make sure that you have safety plans set in place for your employees for any disasters that are possible in your location.