Water damage insurance claims are on the rise commercially because of changing weather patterns and aging buildings, but experts find that more than 90% of the damages can be prevented with smart operation management and maintenance upkeep. Here are five business practices that will help owners avoid high commercial water damage restoration expenses.
- Monitor Your Property Regularly
Monitoring your business should be a part of your regulatory compliance protocols to ensure that proper maintenance and operations are meeting county, state, and federal standards. Issues like contractual compliance can interfere in business if the inventory is destroyed because of water damage. Poor building maintenance that leads to a widespread flood in your neighborhood can also cause regulatory compliance fines if the owner fails to adhere to facility maintenance. Understanding how contractual risk, safety, labor management, and data governance all tie into regulatory compliance issues.
- Research State Flood Reimbursement Programs
Research state backflow control programs in New Hampshire or sewer backup prevention reimbursement programs in Massachusetts for ways to reduce the likelihood of sustaining water damage. There are also reimbursement programs in each county that allow you to receive compensation when you adhere to specific EPA-approved business protocols. Investing in items like a backflow prevention device can be a benefit if you suffer water damages as officials will reimburse anyone who suffers losses because of backflow.
- Have A Water Damage Prevention Plan
Prevention starts with the business owner, but it is important to train every employee on the day-to-day operations. Teaching your staff how to prevent water damage is a smart business practice as they will learn where the main water supply is, how to store inventory, and how to report to management when compliance issues are found. Determining the best practices for your company and posting a water damage prevention plan will reduce water damage costs and high investment in water damage restoration.
- Secure Inventory
A company can not sustain long-term without inventory, so a flood or backup will cause a loss of sales. Commercial water damage will also force a business to close temporarily because of the need for repairs. If the business owner contributed to the water damage, an insurer might not accept responsibility for the financial losses. You should know as a business owner if your commercial property insurance policy will cover losses. The only way to avoid these issues is to store your inventory appropriately to safeguard your investments. Keep expensive stock in a place easy to monitor and ensure it is above ground level to avoid water damage. You should not store items where it’s prone to it.
- Contract Restore Pro For Yearly Inspections
Your water damage prevention plan should include information on the company that will provide commercial water damage restoration in case your business requires these services. Restore Pro can also offer yearly inspections to find concerns that make your business more susceptible to weather patterns or building infrastructure aging. Your staff also knows who to call should flooding become a problem while you’re out of the office.
Preparation is the key to avoiding the high cost of commercial water damage. Call our office at 1-800-847-0114 or message us on Facebook at https://www.facebook.com/RestorePro911/.