Tag Archives: recovery

Why Is Business Continuity Planning Worth Your Time & Effort?

This entry is part 5 of 5 in the series Disaster Recovery

How would your business respond after an emergency? We commonly plan for how to respond DURING an emergency, but put little thought into how we should respond AFTER a crisis has occurred. Business continuity planning can help to minimize business loss, improve continuity of operations, and protect the reputation you have worked hard to establish in your community. If your business becomes disrupted by a power outage, tornado, flooding or other disaster, it can cost you significant revenue and lost customers. (more…)

Tips for Reporting Insurance Claims

This entry is part 3 of 6 in the series Claims Reporting

The easiest way to control your claim cost is with prompt reporting. Studies show that claims cost more when reporting is delayed. The sooner a claim is reported, the sooner it can begin to be managed and brought to resolution.

Key types of claims that should be reported as soon as possible: (more…)

5 Reasons Prompt Claims Reporting Saves You Money

This entry is part 2 of 6 in the series Claims Reporting

Prompt claims reporting is key to recouping your losses quickly and efficiently. The timing of when you choose to pick up the phone to report an incident to your insurance carrier has a direct effect on the bottom line. Here are the top five reasons why: (more…)

Disaster Recovery: What Do I Need in My Business Recovery Plan? (Part 3 of 3)

This entry is part 3 of 5 in the series Disaster Recovery

You can’t predict the unexpected, but you can prepare. A Business Continuation Plan (BCP) costs almost nothing to produce but is critical to recovering losses, and customers, after a disaster. This three-part Disaster Recovery blog series will address important considerations for business continuity after a disaster.

The details that you include in your Business Continuation Plan (BCP) will depend on the particular needs of your business, but there are some key components that should to be included in every disaster plan: (more…)

Disaster Recovery: Keep Your Business Running – Despite a Disaster (Part 2 of 3)

This entry is part 2 of 5 in the series Disaster Recovery

You can’t predict the unexpected, but you can prepare. A Business Continuation Plan (BCP) costs almost nothing to produce but is critical to recovering losses, and customers, after a disaster. This three-part Disaster Recovery blog series will address important considerations for business continuity after a disaster.

No one ever expects a disaster to occur. However, disasters occur every day. That’s why insurance is so valuable. When you consider the odds, you probably should expect to experience a disaster of some sort at some time in your career. But, you still do not know what to expect or when to expect it.

Being prepared can make it much easier to manage your business through any disaster, serve your customers while you are recovering and get back to business as usual more quickly. Insurance is a helpful financial component, but preparing a complete recovery plan can reduce the likelihood that your customers will feel the pain of your disaster.

How can you prepare for a situation that you cannot predict? (more…)

Disaster Recovery: 4 Steps to Prepare Your Business for Disaster Survival (Part 1 of 3)

This entry is part 1 of 5 in the series Disaster Recovery

You can’t predict the unexpected, but you can prepare. A Business Continuation Plan (BCP) costs almost nothing to produce but is critical to recovering losses, and customers, after a disaster. This three-part Disaster Recovery blog series will address important considerations for business continuity after a disaster.

Up to 40% of businesses affected by a natural or human-caused disaster never reopen. (Source:  Insurance Information Institute)

If your business becomes disrupted by a power outage, tornado, chemical spill or other disaster, it can cost you lost profits and lost customers. Developing a plan to (more…)

The Importance of Prompt Claims Reporting

This entry is part 1 of 6 in the series Claims Reporting

No one wants to file an insurance claim, but if an accident does happen, prompt reporting is crucial to recouping your losses quickly and efficiently.

  • Prompt reporting provides an opportunity for claims professionals to offer suggestions that may help reduce your loss.
  • Immediate investigation into a loss greatly assists your claims professional in seeking reimbursement of your deductible when others are at fault.
  • In cases were subrogation possibilities exist, prompt reporting provides ample opportunity to examine evidence before it is destroyed.
  • Prompt notification means your repairs will be completed sooner.
  • In times of widespread damage it is always (more…)