Every business is vulnerable to a wide range of threats, from fires and floods to cybercrime and theft. Fortunately, business insurance protects your most valuable investments, extending an umbrella of protection that can allow you to keep going after a disaster. If you need to file a claim, the tips below can prevent delays and help streamline the process.

5 Tips for Filing a Business Insurance Claim

1. Contact Your Insurance Agent

The sooner you tell your insurance agent about the damage, the sooner they can start working on your claim. They can also tell you what documentation you’ll need, so contact them right away, even if you’re not sure how extensive the damage might be.

2. Contact the Police

If your claim is related to vandalism or theft, contact the police immediately. Your business insurance provider will likely want a copy of their report before paying out your claim.

3. Inventory Your Losses

In many cases, the insurance company will want to send an adjuster to review the damage, but you should still prepare an inventory of losses beforehand. If possible, find copies of all the original receipts for damaged property and include any photos you may have.

4. Submit the Affidavit Promptly

After notifying your insurance company, they’ll ask you to send a signed, sworn proof of loss statement, along with any other information they might need. Failing to respond within 60 days could result in a denial of your claim.

5. Make Temporary Repairs

Business insurance covers damage to your buildings and other structures, but you’re still responsible for mitigating the consequences of a disaster. For instance, put plywood or tarps over broken windows, and keep any broken parts from equipment that needs immediate repair.
 

Since 1939, Wilmoth Insurance Agency Inc. has been one of Putnam County, TN’s most trusted business insurance providers, with options that are ideal for companies of any size. They pride themselves on giving individualized attention to every client and will be there to help you choose the right policy and file a claim. Visit their website for more on their business insurance services, follow their Facebook for tips and advice, and call (931) 526-6181 to request a quote.