Hopefully you will never have to file an insurance claim for your Eldersburg, MD business, but in the event that you do, there are some important things to know. You may think all you need to do is call your insurance company, but in order to properly file a claim and ensure you get the coverage you need, you may want to take some additional steps.
Being prepared and having a good understanding of the filing process can save you time and money. Let’s look at the proper steps to take when filing a business insurance claim.
Deal with Emergencies First
If your business has a fire, flood, break in, or other emergency, the very first thing you need to do is ensure everyone is safe and there is no additional danger. Call emergency medical services if someone has been injured, and evacuate the building in the event of a fire or flood.
Contact Your Insurance Provider
Once you’ve ensured you and your employees aren’t in any danger, then it is time to contact your insurance company to start your claim. The sooner you let your insurance company know, the better, so they can begin processing your claim and finding an adjuster to assess the damage to your property.
Involve the Authorities if Needed
If your claim involves a legal issue, such as a break in, arson, theft, or vandalism, you’ll need to contact the authorities. In some cases, it may be necessary to contact the police before your insurance company. If there is danger or legal action to be taken against someone, make sure to call the police immediately, then follow up with your Eldersburg, MD business insurance company. In these types of claims, a police report will be necessary for your insurance company to pay out on the claim, so make sure the police are present to record and document any and all information needed.
Keep a Personal Record of the Event
In addition to having the police document the event, you as the business owner will need to keep detailed records of the incident. If there is a loss of property, you will need to have a record of what was lost and it’s value for your insurance company. If there is damage to the building, you will need to have estimates for repairs, preferably from multiple sources. Having good records of everything involving your claim is a good way to ensure that your claim is paid out, and you don’t run into any roadblocks during the process.
Your Carroll County Business Insurance Company
If you are in need of business insurance in Eldersburg, MD, Freedom Insurance Agency is here for you! We have years of experience providing quality insurance policies for local businesses. We can help you find the perfect policy for your needs so that you are covered, no matter what comes your way. Give us a call today!
