Blog

Oct
24
How to Minimize Down Time if Business Property is Lost or Damaged

The owners of small businesses in California may possess enthusiasm and optimism in bucket loads, but it makes sense to think occasionally about the possibility of accidents and mishaps. That’s what business insurance California is for!

Carrying property insurance protects your business from the financial consequences of loss or damage to business assets. Insurance protection means that you may be compensated if equipment is destroyed in a fire, or inventory items are stolen in a burglary, for example.

Purchasing business insurance is a great start to your risk management plan. In addition to ensuring that you can claim some financial compensation, take some steps to make life easier if property is lost or damaged because of a disaster.

  • Prepare a business inventory that lists your business assets. The inventory helps you to accurately assess the value of your assets when the time comes to review business insurance coverage. Having an up-to-date business inventory saves time if you need to identify what has been lost or destroyed in a disaster like a fire or theft.

  • Investigate local contractors that you can call on to undertake emergency repairs. As a minimum you’ll need to find a plumber, electrician, and contractors who repair business equipment such as cash registers.

  • Find local businesses that can repair computer equipment and provide other technical services like data recovery.

    The aftermath of a fire or power outage is not the time to be trying to locate a contractor, so do some preparation in advance. Supplement your business insurance California with a little research that will help to minimize down time if business assets are lost, destroyed or damaged.

The aftermath of a fire or power outage is not the time to be trying to locate a contractor, so do some preparation in advance. Supplement your business insurance California with a little research that will help to minimize down time if business assets are lost, destroyed or damaged.