Heavy rains in your area were strong enough to flood your commercial property. Because of that, your business is in ruin, and there’s no way you can operate inside until flood restoration services get involved. Of course, getting to that point is more complex. Follow the steps detailed here to get your business back on track as soon as possible.
Shut Off the Utilities Connected to Your Commercial Property
Assuming the rains haven’t knocked out the power in your area, you should take a moment to shut off your property’s utilities. Make sure there’s no power in the building to prevent potential accidents. If you cannot shut off the utilities, you should contact the service providers in your area.
Document the Damage to Your Commercial Property
After getting the green light to re-enter your commercial property, your priority should be documenting the damage it has sustained. Take photos and videos of your property so you can use them as evidence later on. You should also note any items that the flood has damaged.
Get in Touch with Your Insurer
Water damage claims comprise over 50% of all commercial property insurance claims. However, there’s a good chance that those water damage claims weren’t caused by flooding because commercial property insurance typically doesn’t cover that. Instead, you have to file a claim with your flood insurance provider. Flood insurance usually covers the building and its contents. You should be eligible for a payout after your insurer confirms the damage to your property.
Secure a Disaster Loan from the U.S. Small Business Administration
If you cannot lean on insurance coverage to pay for flood restoration services, your best bet is to approach the U.S. Small Business Administration. According to DisasterAssistance.gov, businesses in declared disaster areas can secure a loan of up to $2 million from the agency. These long-term loans also have low-interest rates, so business owners have an easier time paying them.
Hire Flood Restoration Services
Finally, you need to partner with flood restoration services to regain the use of your commercial property within the shortest time. They will conduct thorough repairs to ensure your establishment is safe for business. Prioritize hiring experienced restoration services to get the most out of your money.
Flooding inside your business property can be disastrous, but you can recover from it. By following the tips we detailed here, you should be able to get back on your feet sooner rather than later. Contact Hammer Restoration today and allow us to help you recover better from that harrowing ordeal!