Three benefits of having a business emergency fund for post-hurricane recovery. One, you can continue to pay your rent and other business expenses while you wait for your insurance company to complete the claim investigation. Two, you can pay your employees and continue to service your clients. Three, you can avoid shutting down your business, … Continue reading “Three Benefits of Having a Business Emergency Fund”

Two tips for protecting your business financial records and transaction history during a hurricane. One, make sure your business financial records are kept in the cloud in an encrypted file so that you can access it remotely in the future. Two, make sure you provide your accountant or attorney with a copy of your financial … Continue reading “Tips for Protecting Your Business Financial Records”

Three tips for conducting a business risk assessment for hurricane season. One, make sure you have enough funds to operate your business for at least three months in the event of hurricane damage. Two, make sure that you have a backup location to run your business in the event that your original location is damaged … Continue reading “Three Tips for Conducting a Business Risk Assessment”

Three essential steps for post-hurricane business operations recovery. One, know how to access any data essential to run your business if there is a power failure. Two, have a list of preferred vendors to assist with getting your business back and running. Three, prepare to tap into a special hurricane disaster relief fund for your … Continue reading “Three Essential Steps Business Operations Recovery”

Four tips for documenting hurricane damage for business insurance claims. One, take many photos and video of the damaged property and notate when and where the photos are taken in your business. Two, hire a professional company to inventory any damaged items if you are not able to do it yourself. Three, store any receipts, … Continue reading “Four Tips for Documenting Hurricane Damage”

Three types of additional expenses that you should know for business interruption claims. One, additional expense of renting space if your current business location is not accessible or not able to be occupied due to damage. Two, additional expense of paying for internet access if there’s a power outage and your typical network is down. … Continue reading “Three Types of Additional Expenses that You Should Know”

Three tips on how to expedite your business hurricane insurance claim. One, make yourself available for an inspection as soon as possible. Have a hired professional on your behalf with the inspector from the insurance company to explain what happened and have a repair estimate prepared as well. Two, provide any documentation in your possession … Continue reading “Three Tips on How to Expedite Your Business Claim”

Four tips for navigating the claims process for business insurance after a hurricane. One, look at your policy to see if there are specific claim reporting procedures with your particular insurance company. Two, as much as possible, document every communication you have with your insurance company so that you keep them accountable. Three, hire professionals … Continue reading “Four Tips for Navigating the Claims Process”

Three tips for hiring reputable contractors for hurricane repairs for your business. One, verify the contractor’s license and ask for a copy of their liability insurance policy to see if they have sufficient coverage for any damages they cause your business. Two, ask for references for any other business owners they have worked for to … Continue reading “Three Tips for Hiring Reputable Contractors”

Three tips for dealing with water damage in your business after a hurricane. One, take photos of all the water-damaged property. Two, do not throw away anything until your insurance company has an opportunity to inspect it. Three, do your best to dry the property and consider hiring a water mitigation company to do a … Continue reading “Three Tips for Dealing with Water Damage”