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Step 1
In case of a fire, accident or theft, immediately contact your insurance agent. Any criminal act should first be reported to the police.
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Step 2
Review your insurance policy and check the conditions of coverage. Speak with your agent about any claim that can be made.
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Step 3
Assess the damage and prepare a list of items destroyed or stolen. As mentioned, in case of vandalism or theft, you should report the incident to the police as soon as possible. Send a copy of the police report to your insurance agent.
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Step 4
When filing the claim, be sure to mention the income generated from the business both before and after the disaster.
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Step 5
Preserve the records of business activity and expenses incurred while operating your business in a temporary location during this period.
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Step 6
If you are forced to shut down your business, include the expenses that continue despite closure. These may include the cost of advertising and utilities.
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Step 7
In case of a major disaster, protect your property from further damage by making provisional repairs. If immediate repairs to equipment are indispensable, preserve the damaged parts to be examined by the insurance adjuster.
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Step 8
If you are not satisfied with the way your claim is being processed, communicate to your insurance agent or claims manager and express your point of view. If you are still not satisfied, contact your state insurance department.
