Business Fire-Loss Claims

6/7/2021 (Permalink)

Damage doesn't stop when the fire's out. 

While we want our business's to resume normal operations ASAP, recovering is key. This is where we, your local SERVPRO friends, come in to help. But, we want our business owners to understand fire damage assessments and the provisions of your insurance policy. 

Mitigate Damage

Preventing as much damage as possible after the fire can reduce the amount of your claim. Consider implementing these fire mitigation measures:

• Limit access to the property to minimize the risk of injury or further damage
• If utility services have not already been cut off, switch off electricity, gas and water
• Resist the urge to begin clean-up efforts until fire damage professionals determine how to proceed

Document the Physical Damage

Your insurance provider will need to know the extent of your physical losses. These can be documented through the use of photographs that exist in off-site storage or on a website, and through business records maintained by outside accountants or vendors. Your bank may be able to provide blueprints that can assist in determining any level of damage to the structure that will require repair. Your insurance adjuster can help you through this process.

Determine the Extent of Records Loss

If vital financial records were damaged or destroyed in the fire and its aftermath, you may consider calling in a forensic accountant. Such experts can help you recreate financial records, substantiate your losses properly and ensure that you receive full value for the insurance coverage you’ve purchased.

Estimate the Cost of Business Interruption

You may need or want to continue operations at another location while restoration is in progress. In that case, you’ll incur these expenses, at minimum:

• Property rental
• Equipment and furnishings leasing
• Utility service fees

We always have your back when you choose the green team.
(205) 926-6010