The Crucial Role of Business Interruption Insurance
As a business owner, it is important to purchase business interruption insurance.
Business Interruption Insurance
As a business owner in Winchester, MA, you make many decisions that impact the future of your company. One of these important decisions is whether or not to purchase business interruption insurance. You might wonder if the cost of the policy is worth the expenditure. As an insurance product that has a low likelihood of use but a high benefit if needed, it could be tempting to forego the protection. This is one of many difficult decisions business owners and managers must make. While a business shutdown might seem like an unlikely event, it can be an existential threat to your company.
The Ramifications of a Business Fire
Even a small commercial fire has a cascading series of consequences. First, there is the property damage, which will be largely covered by your comprehensive insurance. Then there is the possibility of a business interruption as repairs and restorations are made to the building. This phase of a fire can have lasting consequences:
- The loss of business income
- The inability to pay off loans
- The inability to service loyal customers
- The impact on your credit rating
With business loss income insurance, you can avoid some of the negative aspects of a shutdown. It is a certainty, that if you are ever in this position, you will be glad you have the coverage.
The Importance of Quality Fire Cleaning
In the aftermath of a fire, an emergency restoration franchise will also be beneficial to your bottom line. Trained workers will work rapidly to restore your facility to its operational state, allowing you to resume your core business. This will enable you to restore your revenue flow while ensuring the facility is cleaned according to industry standards.
Without proper insurance, a business interruption can be a harrowing experience for business owners. It is not always needed, but when it is it can be a lifesaver for your company.
The Ultimate First Aid Kit Checklist for Businesses
Make sure your emergency kit is up to par.
Are You Prepared?
If disaster strikes, is your business prepared? There are certain requirements for a first aid kit in a commercial building. This checklist includes all of those and more. Make sure your emergency kit is up to par.
The first thing you should do during an emergency is prevent the spread of infection. Any open wound needs to be handled with care as not to spread any bacteria. Furthermore, if there is a weather event that has affected the building's structure, you want to make sure inhabitants aren't breathing in dangerous particles.
- Wound cleaners
This is the first line of defense. Don't skip this step. A damage and remediation specialist can offer suggestions.
Bandages and Gauze
Another essential need involves wound bandaging. Here are the recommendations:
- Gauze pads (medium and large)
- Gauze roller bandage (2 inches wide)
- Bandages (boxed and triangular)
- Two elastic wraps
Injuries can vary in size, so it's best to keep a variety.
It's difficult to predict the tools needed in each instance. Instead, keep an array, such as:
- Resuscitation devices
- Tongue depressors
- Adhesive tape
Then, you will always be prepared, regardless of the wound.
Keep treatments for common afflictions handy. Some include:
- Anti-inflammatory pills
These can be helpful for ailments ranging from burns to a minor headache. Just make sure to have written consent to administer medications.
Shelter, Warmth, and Sustenance
In the event of an emergency, you may lose access to basic human needs. Make sure your kit contains:
- Nonperishable foods
This way, if your building is damaged, you can keep those inside safe for long periods of time.
Always provide instructions in your first aid kit for contacting emergency assistance services. It's also advisable to include a content list with guidelines for use. Make sure items aren't out of date or damaged. Also, consider including a building layout and any special needs notes. Furthermore, always check your local requirements for emergency preparedness in Wilmington, MA.
Making preparations before the disaster is crucial. Every first aid kit should have items to prevent the spread of bacteria while dressing wounds. Bandages, tape, tools, medicines, blankets, food, and water are all vital to stocking your business for any situation, no matter how unexpected.
How To Prevent and Handle Water Damage During Construction Projects
Water damage in a commercial facility
Steps To Prevent Flooding
Contractors know that water damage can be devastating to a construction site. A flood or similar mishap can lead to extensive debris and lengthy delays. A water pipe repair, in particular, can be costly even for companies that have insurance.
If you own a construction or contracting company, you can take steps to prevent flooding. This requires being proactive during all phases of the process:
Before the project begins, you should come up with a proper Quality Control plan. The program should be peer-reviewed to ensure it is sufficient.
You and your workers should also look for locations on the site that are susceptible to water infiltration and protect them accordingly. Make sure that any drainage pipes are pointed away from those locations.
To prevent the need for the major water pipe repair, you should test and install the pipes as early as you can. This way, if the site is flooded, it won't impact the rest of your project.
Once the construction begins, you should assign a team of employees to keep the site safe from water damage. They should monitor any issues that arise and fix them immediately before they get worse. You may also want to consider hiring consultants who can inspect the area for any potential warning signs.
After you have placed the roof on the building, you should bring in a roof testing expert to ensure the structure is watertight. You should also perform hydrostatic and leak testing on the sprinkler systems.
Water damage can still occur as you close the construction project. If an issue such as a broken pipe is discovered, try to fix it within 48 hours.
By taking some simple steps before, during and after your construction project, you can prevent water damage. However, if a leak or flood does occur, water pipe repair specialists can help limit the harm to the property.
How Does Ozone Treatment Remove Cigarette Smoke Odor?
Yes! Ozone treatment is relatively quick.
Even after quitting smoking, the odors from this noxious practice may linger. A professional air-purifying service can apply ozone home deodorization treatments to remove all traces of cigarette smoke from your home in Burlington, MA.
What Is Ozone?
When the two atoms comprising a standard oxygen molecule come in contact with ultraviolet sun rays, electrical lightning charges or other naturally occurring gases in the atmosphere, they can be split apart. The separated oxygen atoms gravitate toward intact oxygen molecules and attach to them, forming ozone molecules with three oxygen atoms.
How Does Ozone Eliminate Odors?
Think of ozone's third oxygen atom as a wanderer seeking new opportunities. The same third atom that previously attached to a two-atom oxygen molecule will abandon it in favor of a nearby odor-producing molecule. It binds to the new molecule in a chemical reaction that neutralizes the odor while allowing the molecule it leaves behind to return to its original oxygen form.
Among the reasons for using ozone home deodorization to counter cigarette smoke odor are:
- It reverts to breathable oxygen.
- It does not leave behind any residue.
- It does not involve harsh chemicals.
- It can sterilize the air.
How Does an Ozone Generator Make Ozone?
Ozone generators instigate the oxygen atom-splitting process in one of two ways. The corona discharge method generates a high voltage that passes through a material resistant to electrical currents, resulting in a sustained electric arc that splits the oxygen molecules. The other method involves using wavelengths of ultraviolet light to split oxygen molecules.
Does Treatment Require Evacuation?
Yes! Ozone treatment is relatively quick, usually lasting about 12 hours, depending on your space's square footage. During treatment, and for a few hours following, you should plan to evacuate your home, taking your pets and plants with you. The air in your home will not be breathable until the oxygen molecules revert to their former structure after the treatment ends.
Whether you are dealing with odors from cigarette smoke or a fire, home deodorization can remove smells from your house.
What To Know About Storm Insurance and Your Business
Are you covered?
Here's Some Information You May Find Useful
When you have a business in Wilmington, MA, having storm insurance can be an important part of protecting the property. There are a number of things you should know about your coverage, including what it does and does not cover, and any additional plans you may need. Here’s some information you may find useful.
1. What Insurance Can Cover
The exact nature of what the plan covers will depend on the policy. It’s important as the policy holder to know exactly what plan you have. However, in most cases damaged listed by name and the associated repair costs will be included in the plan, such as flood, wind and hail, or all-peril. Your provider may also cover hiring a licensed damage restoration service to help with cleanup and repairs.
2. What Insurance May Not Cover
Commercial storm insurance is often a separate policy to your commercial building insurance unless otherwise stated. This means that it is designed to cover damages caused by a storm or flooding and may not apply to other situations such as theft, fire, hail, and liability. It’s important to talk to your provider about what may not be covered so you can purchase additional plans if needed.
3. What Additional Plans You May Need
When looking at insurance coverage for your business you may need to consider several plans bundled together. Some companies offer all-peril plans which can cover multiple scenarios. However, even with this type of plan, you may still need to purchase other business coverage, such as liability, under a different policy.
Having storm insurance is an important part of protecting your business property. The policy you have should clearly state what damage and other provisions it covers. These can include flood, wind and hail, or even all peril coverage. Remember, it’s your responsibility to know what is and is not included in your coverage. If you have any questions your insurance provider should be able to help.
My Pipes Are Frozen: Is This Covered by Insurance?
Prevent frozen pipes in your Woburn, MA property.
When winter weather strikes Woburn, MA, one of every homeowner’s biggest fears is frozen pipes. Dealing with the water damage cleanup after a pipe burst is bad enough, but then there is also the headache of navigating the insurance claim process.
My Pipes Are Frozen: What Should I Do?
Although frozen pipes are an all-too-common occurrence in the winter months, many homeowners aren’t aware that their pipes have frozen until the pipes burst. If you notice that your pipes have frozen, you may be able to reduce the pressure and prevent a burst.
If your pipes are frozen but intact: Turn on the faucet(s) that is served by the frozen pipe. Using a hairdryer, heat the pipe, starting at the faucet and moving along the pipe toward the frozen section.
If your pipes have burst: First, locate the water cut-off valve for your house and shut off the incoming water to the house to prevent additional damage. Then, contact a water remediation company. These professionals have the equipment and experience to clean up the water quickly and completely.
Will Insurance Cover the Damage?
Once your initial cleanup is underway, it’s time to start on your insurance claim. Homeowners insurance typically covers water damage if the cause of the damage is accidental and sudden. A pipe burst usually qualifies; however, you may not be covered if you exacerbated the situation, such as by failing to adequately heat the home or by not turning the water off to an unoccupied house. Most homeowners insurance policies will cover necessary home repairs caused by water damage. If you must cut into a wall to access the pipe, the cost of cutting into and then repairing the wall will usually be covered. Most policies do not, however, cover the cost of repairing the pipe itself.
When freezing temperatures are in the forecast, always take action to prevent frozen pipes, if possible. Have your homeowners information nearby just in case you need to file an insurance claim.
Creating an Inventory System for Your Business
Creating an inventory is an important step for any business and can make recovering from a disaster easier.
Here Are Some Tips For Creating An Inventory
Before you can hire a remediation company, such as SERVPRO, for your disaster-struck business in Winchester, MA, you are going to need to provide your insurance company with a list of everything in the building. It can be impossible to create this list when facing a disaster, so it is best to make one beforehand.
How Do You Create an Inventory?
The first step to create an inventory is to decide which method is best for you. While it can be a simple list of everything in the building, you will probably want a visual record. You can use one of these digital tools to help you make your list:
- Mobile app
- Video camera
Once you have decided on a format, you can start making your list. Don't forget to include any items you have in your storage closets. Pay special attention to any high-value items you have, such as expensive equipment. It may also be best to ask your agent what items would be covered if you made an insurance claim, so you know what to include.
Why Do You Need One?
An inventory is an excellent way to help expedite the insurance claim process. Not only will it help when dealing with the insurance company, but it will also be helpful when dealing with a disaster restoration company.
How Should You Store It?
Don't let your inventory become part of your property loss. Be sure to keep a copy in a fireproof safe, safety deposit box, or the cloud. You could also email it to your agent for safekeeping. This is a bonus because your agent will tell you if you have enough coverage to pay a full insurance claim.
Creating an inventory is an important step for any business and can make recovering from a disaster easier. After you create yours, be sure to keep it safe or email it to your insurance agent before disaster strikes.
Understanding Water Damage Coverage for Your Commercial Property
Commercial water damage in Wilmington, MA.
Whether you own a commercial property for your business or you’re a landlord to businesses, it’s your responsibility to have property insurance to cover damages. Damage from fire, smoke and water are just a few examples of the type of losses that your policy may cover with certain conditions. Water damage from flooding, a pipe break, or an improperly functioning appliance can result in major losses for you or the tenants renting from you in Wilmington, MA. The bad news is that not all damage from water is considered equal by insurers. For example, a sudden break from a broken water heater might be covered by most policies, while a slow water leak isn’t.
Covering Your Property
It’s important to recognize which types of water damage are covered by your property insurance. The following types of damage are not typically protected:
- Sewer or sump pump backup
- Slow water leak
- Frozen pipe leak
In the case of a sewer or pump backup, it’s possible to purchase additional coverage that addresses that particular issue. You may be alerted to the presence of a slow water leak by an increased water bill. Your insurer may cover damages from a frozen pipe break if you can prove that it occurred due to a sudden event such as a power outage. You’ll need to go over your policy and talk to a provider if additional or tailored coverage is needed.
Cleaning up the Damage
Water cleanup should be handled by providers of commercial building restoration services. They are best equipped to fully repair and restore affected items as well as the structure. They can also minimize the time it takes to get your property back to pre-damage conditions.
When you’re dealing with damage from water, it’s important to contact the professionals quickly. Before that happens, make sure you’re familiar with what is and isn’t covered by your insurance. Talk to your provider if your current coverage is inadequate.
How To Understand General Liability Insurance and Mold Claims
General Liability Insurane
Why Is This And How Do You Protect Your Business?
Navigating mold insurance claims as a service provider in Burlington, MA, is so complex that it's nearly worth turning in your business license. Hyperbole aside, mold is a contentious topic in the insurance world. The primary reason for this is that mold is virtually omnipresent and wreaks havoc where it lands. As such, the majority of general liability insurance policies have broad, sweeping mold exclusions. Present an insurance claim with the word "mold" in it, and your insurer is likely to wash their hands of you.
General Liability Insurance
Basically, mold insurance claims are difficult to manage because mold itself isn't the main issue. Usually, some form of water damage occurred first, resulting in mold growth. This could have been a flood, or it could have been caused by a construction or maintenance defect, which triggers yet other exclusions in your general liability policy. Therefore, the mold, while problematic, is not what caused the damage initially; it is secondary damage.
How to Cover a Mold Claim
So how do you cover secondary damage which needs to be addressed in the form of mold remediation by a mold remediation specialist, when your general liability policy won't cover it?
Maintain a CPL
A Contractors Pollution Liability policy covers at least part of the gap left by your GL policy. These policies, too, have their limitations but do cover more than most GL policies.
Use the Same Company
Find a company that handles both GL and CPL policies. When both policies are housed under the same roof, you're more likely to have your mold claim covered.
Create Custom Coverage
Ultimately, some type of umbrella policy is the final piece that protects your business in mold remediation claims. Shop around and find the company that will provide you with everything that you need to keep your business safe.
Don't let mold insurance claims ruin your business. Keep up with changes to insurance coverage and ensure that you have the necessary policies to cover all of your needs.
What To Expect When a Large Storm Hits Your Home
Storm damages carpet in Woburn, MA
A powerful storm can cause a lot of damage to your home. If you haven't experienced this before, it is a good idea to get a sense of what kind of damage can occur, and what are the strategies for coping with a personal disaster. It is also important to note that you will not be alone in this struggle. Many professional companies and agencies help people deal with emergency and difficult situations. Therefore, if you are in need of a tear out or some other method of restoring your home, you will be in good hands.
The Consequences of Water Damage
Most of the time, people think of water as a positive thing; however, when it enters your home in Woburn, MA, after a storm, it can be a disruptive force. In fact, it can ruin many elements of your house:
- Personal items
A tear-out is sometimes necessary if water gets into the drywall and insulation of a property. This is particularly true if the water is in anyway contaminated with sewage or other harmful substances. Technicians will remove the damaged materials by taking off the drywall, removing the insulation and replacing the damaged items. It is a helpful technique that replaces materials that no longer function as they should.
The Benefits of Storm Restoration
When a certified storm remediation team comes to your house, you should get workers who are trained in all elements of water mitigation principles. They will know what actions to take to minimize damages and reduce costs. They will know if a tear out is necessary, or if there are less invasive techniques that will accomplish the same goal. They will help you get your home back to normal, so you can resume your life. Though each storm presents different challenges, the goal is always the same: to restore a home efficiently, completely and affordably.