Protect Your Revenue Stream With Interruption Coverage
Interruption insurance can extend a lifeline to your company after a fire.
Protect Your Revenue Stream With Interruption Coverage
Whether you own a large company or a smaller one, your revenue stream is vital to your success. Anything that prevents your business from making or selling products and services can lead to a cascading series of problems:
- Inability to pay creditors
- Laying off of staff
- Inability to pay taxes and regulatory fees
Interruption insurance can extend a lifeline to your company after a fire. This is often a time when operations must cease for an indefinite period. Until your facility in San Jose, CA, is restored by a professional fire mitigation franchise, you will likely see a sudden drop in business income.
What Is Covered by Insurance for a Business Interruption
Depending on your policy, it will likely last for the time your facility is shut down after a covered event such as a fire. Its purpose is to restore lost revenue at a critical time, and it can make the difference between a company surviving a fire and one that goes out of business. Typically interruption insurance policies provide payments for a variety of expenses:
- Money for commitments such as loans or taxes
- Payments for company payroll
- Money for lost revenue based on past earnings
- Payments for utilities
- Expenses for setting up a temporary operation center
How Rapid Fire Restoration Helps
Both your company and your insurance provider benefit from an efficient restoration of your commercial building. This reduces expenses across the board, allowing your company to get back to its core business. Successful recovery begins with a team of fire mitigation experts coming on-site and taking care of soot, smoke and water damage. The more efficiently this is accomplished, the quicker your employees can return to work in a safe environment.
Most companies will benefit from an appropriate interruption insurance policy. It will give you peace of mind and take care of expenses after a catastrophe.
5 FAQs About Flood Insurance
Flood insurance is a policy you can get to offer protection for your business against flood damage.
Five Flood Insurance Frequently Asked Questions
Some areas practically require a flood policy. In other areas, business owners may not have even heard of flood insurance. If you're in this category, you probably have a lot of questions. Here is some information that can help answer your questions.
1. What Is It?
Flood insurance is a policy you can get to offer protection for your business against flood damage. It is either an add-on or a separate policy from your standard commercial insurance policy, which won't cover flood damage.
2. What Does It Cost?
On average, flood insurance for small businesses in Santana Row, CA, is roughly $1,000 per year. However, what you end up paying for your policy is based on your deductible, how much coverage you want, and your risk levels.
3. Is It Necessary?
You may never actually need your flood insurance. In these cases, you may feel like you are wasting your money on commercial insurance when you could be investing it in new equipment or other items. However, if you don't have flood insurance and you experience flood damage, your business could go underwater trying to pay to repair the damage.
4. How Do You Buy It?
To purchase a policy, you're going to need to talk to your commercial insurance agent. You can also search for alternative providers who offer flood insurance. Before reaching out to an agent, ensure your business meets the requirements for the recommended policy. Pick a company that offers a policy in your price range that covers all of your equipment.
5. Are Elevation Certificates Important?
In high-risk zones, elevation certificates are used to calculate the potential costs of hiring a storm remediation company. These are important because they tell your insurer your elevation, compared to typical floodwater heights.
Ultimately, whether you purchase flood insurance should be based on your comfort level with your current FEMA risk zone. However, you could end up in a situation where you need it to prevent your business from failing.
What Is a Flood Cut and Why Is It Necessary?
In some instances, a flood cut will need to be made to properly restore the function of your building.
If you have experienced flooding in your commercial building, it may be necessary for the restoration company to perform a flood cut. This is probably an unfamiliar term for most business owners, so this guide will provide a brief explanation of what it is and why it is done.
What a Flood Cut Is
When a water restoration company in West Valley, CA, needs to cut the drywall in your building, this is called a flood cut. The reason this is called a flood cut is that the cut is made 12-18 inches above where the flood damage stops. It is done to facilitate drywall tear-out. A flood cut may be performed in a variety of situations:
- Wall has been touched by sewage water
- Damage is too severe to save the wall
- It isn't practical to dry out the wall without removing sections
When a Flood Cut Is Necessary
Flooding sometimes causes sewer lines to back up which can lead to your building being exposed to contamination. A wall that has been contaminated by sewage can not be salvaged because the materials may contain harmful bacteria or pathogens. Additionally, a flood cut needs to be performed on walls that contain insulation, because insulation can not be dried out and still function properly as insulation.
Situations That Do Not Require a Flood Cut
If the water that damaged the wall was from a clean source, such as a pipe leak, and there is no insulation, the restoration company may be able to salvage the wall by using an injection system to dry out the inside of the wall without cutting the drywall. Most restoration companies will make every effort to salvage as much property as possible.
When a building has been damaged by flooding, restoration services will work with you to attempt to salvage your property. However, in some instances, a flood cut will need to be made to properly restore the function of your building.
4 Tips for Maintaining a Commercial Roof
Missing shingles on a roof.
Four Commercial Roof Maintenance Tips
A roof is something that can easily be overlooked, but your Monte Sereno, CA, property relies on it to keep everything underneath it safe and dry. Once roof damage happens, it may mean more than needing a roof rebuild. Missing shingles, damaged membranes and other issues lead to issues that may require the services of water damage and restoration professional. Although the unexpected can happen, the following four tips make it easier for your roof to weather the storms.
1. Preventive Maintenance
The top way to avoid roof damage is to stay on top of maintenance. Business owners should regularly check for any leaks, standing water and blocked drains. These often lead to other issues. Any signs of missing pieces indicate there may be hidden trouble lurking.
2. Regular Inspections
Along with visibly checking the roof, it should be professionally inspected annually. A professional will have the expertise to look for other issues, such as weak spots, sagging and structural issues. Scheduling this inspection may mean the difference between an inexpensive repair and a costly new roof.
3. Keep It Clean
Especially after a storm, it is important to check for wind damage and ensure the roof is clean of leaves and branches. Along with potentially clogging a drain, debris piling up invites the growth of algae. If that happens, it can start to deteriorate the roof faster. It may also lead to mold growth.
4. Inspect Roof Equipment
Most commercial properties have some time of equipment on the roof. Whether an HVAC unit, ventilation, or skylights, these items should be regularly checked to ensure they are functioning properly. If any damage is discovered, repairs should be immediately made to avoid a leak.
Although Mother Nature may eventually lead to some kind of roof damage, staying on top of maintenance and inspections increases the chances of the roof lasting longer.
Roof Leaks and Mold: Your Top Questions Answered
A leaking roof can lead to mold damage.
Roof Leaks and Mold
The last thing you want to worry about is a leak in your building’s roof. If the leak is small, it can be tempting to stick a bucket under the leak and put off the repairs. Don’t give in to this temptation! A leaky roof can lead to all kinds of problems in a short time, such as black mold, swollen wood, and soggy sheetrock. The answers to the following common questions hold the clues to avoiding a moldy, leaky mess in your Los Gatos, CA, building.
1. How Long Does It Take for Mold To Start Growing?
Mold spores are always present in the air, both outside and in your building. These spores remain dormant while they are airborne. When the spores land on a moisture source, such as a ceiling leak, they begin to feed and reproduce. Since the spores are already present in the air, you don’t have much time after even a small leak before the spores become active. Black mold spores typically become actively growing mold within about 24 hours after the leak begins.
2. How Can I Prevent Mold From Forming?
The key to avoiding a mold infestation is to act quickly as soon as you discover a roof leak. Try to identify resolve the source of the leak, to stop any more water from entering. Use towels or a shop vacuum to dry surfaces as thoroughly as you can. A dehumidifier may also help. If the leak is large, or if you can’t easily identify the source, contact a professional contractor as soon as possible.
3. What If Mold Has Already Appeared?
If the leak has existed for some time before you noticed it, don’t waste time: Contact an experienced mold remediation company right away. DIY cleanup efforts are often ineffective, and mold will continue to multiply in the meantime.
Don’t let a leaky roof turn into a black mold nightmare for your building. Understanding the mold growth cycle and acting quickly when you discover the leak will save you time and money.
Three Steps to Take Immediately After a Building Fire
Commercial fire damage in Saratoga, CA.
What To Do After Sustaining Fire Damage In Your Commercial Building
A destructive fire can be disastrous for a company. If a fire occurs in a commercial building in Saratoga, CA, there are important steps to take immediately after the blaze is extinguished. Here are three suggestions for what to do after sustaining fire damage at a commercial building.
1. Secure the Building
After a fire is doused, other problems may, unfortunately, occur, including looting. Once it is safe to do so, it may be beneficial to secure the building to help deter any thieves from gaining access inside the property and stealing valuable items. Boarding up windows and doors may help to keep intruders out of the business. And if it is safe to enter the building after a fire, consider removing as many valuable items as possible that are salvageable. At a business, these items may include computers, hard drives, various electronic equipment, as well as important files and paperwork.
2. Repair the Damage Swiftly
Fire cleanup and property repair is a top priority. It is important to work with professionals who specialize in fire restoration and repair in order to fix the damage caused by the blaze. Fire damage may cause major structural damage to a commercial building, and ensuring that it is safe – especially for employees to return to work at the business – is vital.
3. Plan for a Road to Recovery for the Business
A fire at a business may result in a loss of revenue for an extended period. Coming up with a plan to handle the possible financial hardship that may follow a disaster is critical. This plan may include relocating employees to a temporary office building or allowing them to work from home so that the company can still operate.
Fire damage can be devastating, but it does not have to destroy a company. Following these tips and addressing the situation in a timely manner may help a business to resume operations quickly.
3 Ways Restoration Professionals Assist Insurance Adjusters
Storm restoration services in Campbell, CA.
Restoration Experts Assist Insurance Adjusters in Three Ways
Successful storm restoration depends on collaboration between restoration professionals and insurance representatives. The ready availability of damage documentation and accurate estimates can accelerate the claim settlement process. Whether you are an insurance agent or own property in Campbell, CA, you should be aware of three areas in which insurers and restoration experts can work together to provide the most efficient and effective disaster response services.
1. Restoration Teams Arrive Sooner
Restoration franchises often have the resources necessary to arrive on-site for storm response in less time than insurance representatives. Insurance agents and adjusters may be slowed down by the number of clients reporting damage in an area. Franchises that are part of a large corporate network can readily obtain the staff and resources that are necessary to meet spikes in demand.
2. Restoration Experts Document Damage
Documentation is another area in which restoration professionals can assist insurance representatives with storm restoration. These experts know exactly what to look for in a residential or commercial property that has sustained damage from a storm and can take photos, record videos and make lists of partial and total losses to make insurance adjusters’ and agents’ jobs easier.
3. Mitigation Starts As Soon As Possible
Once the damage has been documented, a restoration team can start taking measures to mitigate flood damage. Pumping out water sooner rather than later may limit the severity of primary damage and prevent secondary damage, such as mold. The first 24 to 48 hours after damage occurs are crucial for successful restoration.
In the event of a major storm that causes large-scale losses, insurance representatives will be tasked with inspecting damage at many properties in Campbell, CA. The ability to rely on a preferred storm restoration vendor to document damage and calculate an accurate estimate of restoration expenses can expedite mitigation in the short term and eventually claim settlement.
Restoring Documents After Water Damage
Your clients may be able to salvage documentation that was damaged.
Document Restoration After Water Damage
When a client's property suffers storm damage, it may be on more than just building. A document restoration service like that offered by a local SERVPRO in San Jose, CA, can help your client get back on track. Documentation can include everything from account statements to invoicing, and the ability to salvage these can help save valuable time and money.
A professional restoration service can offer a number of ways to recover your client's documentation. These may include
- Gamma irradiation sterilization
Depending on damage type, these processes can be utilized to restore a variety of damage documents, including X-rays and photographs.
The process of document restoration involves the use of modern technology. Gamma irradiation is used to sterilize the documents without causing further harm. The documentation can then be freeze-dried which is a process approved by the National Archives. Your client can trust that their paperwork will not only be in safe hands but can be restored. Taking advantage of additional services, such as digitization, may offer further benefit.
In addition to document drying, SERVPRO offers several other services your clients may be interested in. They can also offer digitization services. This is the process of converting documentation into an electronic form so it can be stored on a server safely out of harm's way.
With a document restoration service, your clients may be able to salvage documentation that was damaged along with their other property. A restoration team can use the latest technology to help get these important pieces of paperwork in order. They may also be able to digitize the documentation allowing for it to be backed up on to server, to help prevent any further loss. If you have any questions about what the service can do for your clients, a restoration professional may be able to help.
A Comprehensive Guide on How to Use a Fire Extinguisher
When grabbing an extinguisher, think “PASS.”
How to Use an Extinguisher
If you’ve gone your whole life thus far without knowing how to use a fire extinguisher, there’s no need to be too embarrassed! In fact, a majority of Americans claim they don’t know how to use one. Although an extinguisher is rather simple to use, you don’t want to waste time while a fire is quickly spreading in your home in Santana Row, CA. Here are the basics of how an extinguisher works, so you can act swiftly!
When grabbing an extinguisher, think “PASS.”
- Pull the pinout of the handle
- Aim the tip of the nozzle at the bottom of the fire
- Squeeze the extinguisher’s trigger
- Sweep the hose from one side to the other side until the fire is out
Once all these steps are completed, assess the fire damage and called fire restoration services if necessary.
When You Should Use a Fire Extinguisher
You will need to quickly assess the situation and make the decision to either attempt to put out the fire or run. Extinguishers can be used for small fires that just started. For example, a kitchen fire that starts while you’re cooking can easily be put out before it spreads any further. However, a large fire requires you to evacuate the area and contact the fire department.
How To Know Your Extinguisher Is Fit for the Job
There are several different extinguishers designed for different types of fires. You will need to check the label of the fire extinguisher to see if it is a Class A, B, or C. This identifies whether it is designed to handle wood and paper product fires, liquid fires, or electrical fires. Some extinguishers are identified as A-B-C and can handle all three types of fires. Also, make sure it is pressurized and charged.
If a fire ever occurs, acting as fast as possible is key to minimizing fire damage to your home. Memorize the information in this guide for the best chance of putting a fire out before it’s too big for you to handle.
Tips for Protecting Your Property from Flood Damage
Storm damage in a West Valley, CA warehouse.
How To Protect Your Property From Storm Damage and Flooding
Flood damage can seem like a remote, theoretical risk – that is, until it’s in your face. Fact is, experts have estimated flood costs for the globe’s 136 largest coastal cities could cost $1 trillion annually by 2050. Wise property in West Valley, CA, property owners are thinking ahead by creating a flood plan. Not sure how to protect your property from storm damage and flooding? Here are a few tips.
Federal officials define flooding as partial or complete inundation of 2 or more acres of normally dry land area or of 2 or more properties. Typical causes include:
- Overflow of inland bodies of water
- Rapid accumulation of surface runoff
All can create damage, but even just an inch of water can result in recovery costs estimated to average $27,000. Being prepared won’t eliminate the risk, but it can help minimize the costs of recovery.
Inspect Your Property
Part of flood-proofing a building is making sure that you inspect it regularly. Look for cracks in the foundation or other structure systems that could be vulnerable in high waters. Also check:
- Flood panels, to ensure the panels or gaskets are working
- Drainage systems for signs of damage that could prevent the pipes from draining properly
Apply Waterproof Sealants
Invest in waterproof coatings and sealants and apply thoroughly to foundations, walls and even doorways of your property. This so-called “dry flood-proofing” measure can form a thin but sturdy barrier that can minimize flood damage effects.
Invest in Water Pumps
Foundation vents encourage water to flow through a building rather than pooling around it, reducing the pressure flood waters can put on walls. This type of “wet flood-proofing” is particularly useful in buildings with basements.
Flood damage can be devastating both physically and financially. Get ahead of the risk with these tips and by identifying a local water cleanup specialist in case the worst does happen.