Commercial building insurance claims
A commercial property insurance claim is a formal request to an insurance company asking for payment based on the terms of that company’s policy. The insurance company will review the claim for validity and then pays out to the insured or the requesting party (on behalf of the insured) once approved. Payment will be determined by the bill submitted by the mitigation company, and the estimate for repairs prepared by the general contractor selected for the repairs.
A commercial building can have multiple different types of property insurance claims. In a survey conducted by the Hartford, about 20 percent of small business owners filed a claim for burglary and theft in the previous five years. Water and freezing damage is also a frequent claim. About 15% of small business owners filed a claim against their policy for this type of damage. You may have filed a claim for wind and hail damage if you work in an area near a storm’s frequent path. Fire is a large risk to any building structure. It is also a claim about 10% of small business owners have filed in the previous five years. Something to take into consideration when dealing with a fire loss is that you may have more water than fire damages from the sprinkler systems and the fire department. Fire losses can range widely in terms of value, and can start from something as simple as a space heater left on after leaving the office for the day.
Every city has large commercial buildings, do you manage or work in a large commercial building? Consider having SERVPRO prepare an emergency readiness profile in place for your commercial building in the case of an insurance claim.
When the manager on duty or the facility coordinator determines that the damages are beyond their own employee’s capability it is time to file an insurance claim. This is when SERVPRO’s emergency readiness profile can come into play. The profile will create a plan that any employee can start implementing, it includes emergency contacts, utility contacts, locations of shut offs, etc. This will get the mitigation process started immediately. When the call is made to the insurance company informing them of the loss,SERVPRO will alreadybe responding to the loss and have the buildings information at hand in the emergency readiness plan.
Our SERVPRO technicians and managers are prepared to handle these insurance claims 24 hours a day, seven days a week. Our managers are skilled communicators, explaining the entire process so you feel comfortable understanding the process. We take pride in our technicians training process and their thorough knowledge in the field. This may be your first commercial insurance claim, but with SERVPRO you get our experience along with all our franchises resources so we can handle any size of loss.
If you’d like to have a service agreement prepared between SERVPRO and your company, call us today and we can come out prepare an emergency readiness plan and review a service agreement. Here at SERVPRO Gig Harbor/N. Tacoma it is our goal to make sure its “Like it never even happened.”