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Insurance and loss compensation are both of paramount importance to business owners facing damage from natural disasters.  According to the Insurance Information Institute, you should do the following to ensure that the recovery process goes smoothly:

Get at least two bids on the cost to repair and/or replace damaged property.

Record income and be able to show the money your business was making both before and after the loss. 

Keep detailed records of business activity and the extra expenses of keeping your business in operation during the period of recovery.

Call your business insurance agent, broker, or company immediately (or as soon as possible) to report how, when, and where the loss or damage occurred. 

These actions can, at the very least, get you on the road to recovering your business.  For more helpful tips in the face of disasters, please visit our disaster recovery resources page.  There, you will find an extensive list of resources devoted to helping you and your business make the best of this trying time. 

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