Dealing With Water Damages

4/24/2020 (Permalink)

Water damage in Ogden, UT commercial property.

Ogden, UT, businesses face many challenges that result in insurance claims. From damaged pipes and fire damages to product liability and theft, each of these threats carries the potential for significant financial losses. Take a look at some of the most common types of business property loss claims:

• Theft may come result from the dishonesty of employees or people outside of the business.
• Freezing water may result in leaking pipes, either visible or hidden, and cause a lot of water damage.
• Clogged pipes and overflowing toilets quickly result in the need for expensive repairs.
• Wind and hail damages affect landscaping, buildings, outdoor structures, and vehicles parked on the property.
• Fires are very destructive and often result in a combination of fire, smoke, and water damage.
• Customer injuries include slips and falls, being hit by falling inventory, or spilling on themselves.
• Product liability is one of the least common forms of insurance claims, especially as business leaders carefully follow safety procedures and protocols.
  

A closer look at the numbers regarding these claims shows that water damages account for a high percentage of the claims. This number doesn't include the cost of losses because of firefighting efforts.

Turn Your Attention to Damage Prevention

Once business leaders recognize the frequency of water-related damages, as well as the cost of repairing damaged pipes or recovering from flooding, it's only natural to take preventative steps to reduce those risks. Some of these efforts include training workers on how to turn off water mains, maintain pipes and temperatures, and keeping rain gutters clean. Insurance representatives may provide additional suggestions in an effort to reduce costs and prevent the need for repairs.

Reach Out to Local Resources

Not all water damage can be prevented. For example, flooding that results from a sudden, severe rainstorm can quickly affect a large amount of your building. Water damage cleanup and repair professionals can handle repairs and recovery efforts. However, with advice from experienced insurance reps and cleanup and repair professionals, you may avoid some of the most expensive repairs.