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 7 Pro Tips for Preparing Your Business for Commonly Filed Insurance Claims

Business Insurance: 7 Pro Tips for Preparing Your Business for Commonly Filed Insurance Claims

Owning a company comes with numerous risks, so it is crucial to protect yourself and your operation with business insurance.

Many insurance claims can be filed against your business. The best way to avoid this is by being prepared. In the world of small businesses, you’ll find that some insurance claims are often filed, and, of course, preventing them is ideal. Below you’ll find some practical ways to avoid the most commonly filed insurance claims.

Continue reading to learn more.

Business Insurance: 7 Tips for Prepping for Your Company for Commonly Filed Claims

  1. Add Warning Labels to your Products — If necessary, make sure you clearly label your product with a warning label. Doing so can help you avoid an accident or lawsuit down the road.
  2. Cover Your Windows — Keep the temptation for break-ins at bay by adding window treatments to your windows. Tinted film or blinds will keep your belongings and inventory hidden and will deter burglars. By simply adding a sight barrier, you can help prevent burglaries.
  3. Put Your Lights on Timers — Set a timer for your lights to come on at various times throughout the night. This makes it look like people are hanging around and working late. Burglars typically aren’t looking for trouble and want an easy target. They are more likely to be scared off when they notice lights turning off and on inside your space.
  4. Install an Alarm System — Invest in an alarm system that alerts you to fires, burglaries, and other emergencies. The sooner you’re notified of trouble, the faster you can act. Moreover, having it connected to the proper authorities, such as a fire alarm automatically alerting the local fire department or a burglar alarm contacting the police, will get help to your space right away.
  5. Trim Trees Limbs — Overhanging tree limbs can cause significant damage to your building in a windstorm. Take a moment to walk around your property and cut down any tree branches or limbs that could cause you or someone else to file an insurance claim.
  6. Assess the Possibility of a Flood — Is your company located in a flood-risk area? If so, make sure to invest in flood insurance. A flood can be so damaging; you could lose everything! Don’t let a little water damage cause you to lose your entire business.
  7. Consider a Security Guard — Depending on where your business operates, hiring a security guard may be in your best interest. Protecting your clients, assets, and other aspects of your company should be high on your list of priorities. Whether you opt for an all-day guard or a nighttime watchman, having security on site will help deter any foul play.

Need Business Insurance? Contact Bear River Mutual Insurance 

The best way to protect yourself and your company is to invest in a quality business insurance policy. Business insurance protects your operation from inherent risks and provides coverage for assets and physical and intellectual property. If you need insurance coverage for your company but aren’t sure where to begin, contact the experts at Bear River Mutual Insurance. 
Our professionals can help you find the best policy for your business’s specific needs. Contact us today to get a free quote. You’ll find us in three convenient locations across the Wasatch Front to serve you better: Orem, Provo, and Salt Lake City.

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