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Five Common cases of small Business Insurance claims and Defense measures

 
[Business]     12 Nov 2018
If you have a small business of your own, you should know that there are many emergencies that can have a huge impact on the operation of the business. Even if you have purchased commercial insurance, you want to avoid these emergencies as much as possible. At this point, you need to have an appropriate risk aversion plan to defend against these situations.

If you have a small business of your own, you should know that there are many emergencies that can have a huge impact on the operation of the business. Even if you have purchased commercial insurance, you want to avoid these emergencies as much as possible. At this point, you need to have an appropriate risk aversion plan to defend against these situations.

Although limited by the circumstances, you cannot foresee all the unexpected events that may occur. But we have prepared for you some of the common cases of commercial insurance claims encountered by insurance company customers and the corresponding defense measures.

Five Common cases of small Business Insurance claims and Defense measures


1, stolen

Unfortunately, it is common for small businesses to experience theft. Especially the storefront with glass windows on the street. Generally, thieves break glass windows or doors for burglary, but they also encounter cases of thieves entering the house through the roof of the house. In some cases, even in seemingly secure public places, such as the airport's business terminal, thieves stole his laptop and personal belongings within minutes of the insured's departure.

Even if most small businesses cannot afford security facilities as high as large companies, note that there are a few things that can reduce the likelihood of theft to a certain extent.

First, ensure that there is sufficient lighting inside and outside the store during business or after the store closes to prevent thieves from breaking into the house, as adequate lighting makes theft easier to detect.

Second, the store has a higher safety factor lock, equipped with alarm system and heavy-duty screen windows or anti-theft glass can make the shop more difficult to invade. Use a high-safety safe to store cash and other high-value items in unoccupied stores.

Finally, if your store is located in a crime-prone area, you can also consider using private security services.


2. Damage caused by storm and bad weathe

Property damage due to bad weather, such as storms, is also common, especially in stormy Australia. Many shops suffer from roof leaks and flooding in stormy weather. There are also many stores where electrical appliances are damaged by a surge in power during thunderstorms.

In one case, IT, a Sydney suburb company, suffered $49000 in damage to electronics as a result of the storm.

You can regularly maintain roofs, clean clogged sewers or any areas that may cause flooding to prevent damage from storms. In the event of a storm warning, it is only necessary to shut down the electronic device and unplug the connection board to prevent the loss caused by a sudden increase in power during a rainy day.


3. Computer damaged

Insurance claims due to computer damage are very common. Computers are a very important part of the day-to-day operation. Replacing office computers is not always the most expensive, but it is also a big expense. Sprinkling, smashing, stealing, and surging voltages can cause damage to the computer.

A recent insurance settlement was a small business owner who needed to replace a computer as it slipped from the counter. Another similar case is that a consulting firm needs to be replaced because a computer has been damaged.

You can lock your computer on the desk to prevent it from falling or being stolen. A lock costs only $20. You can also use the computer keyboard membrane to protect the computer. Some computer keyboard membrane can even waterproof.

In the event of theft, you can also use a computer cloud disk or an anti-theft tracking device (such as Apple iCould) to track your computer.

Five Common cases of small Business Insurance claims and Defense measures


4. Business interruption risk

Another common insurance case involves business disruptions, such as data loss caused by a damaged or broken computer in a company refrigerator that causes your store to fail to function properly. The longer the business breaks, the greater the loss to the company.

In one recent case, $3,000 was lost to a store for a power outage. In another case, a store lost $35,000 in stock damage and business interruption due to damage to the freezer.

Although it is impossible to completely prevent damage caused by unexpected accidents, it is impossible to develop appropriate emergency measures to prevent the suspension of business due to machine failures and other reasons to reduce its impact. For example, in mission-critical training, you can train multiple employees at the same time or purchase a generator to cope with damaged freezers.


5. Claims for liability

Another common insurance settlement is that caused by damage to third-party property. In the past six months, insurers have dealt with claims caused by broken pipes and damage to customers' vehicles.

Recently, a client's technician accidentally burst a water pipe while repairing a water pipe next to the sidewalk, causing the street house to be flooded and the water supply suspended. This is not the first time an insurance company has encountered damage caused by an inadvertent burst of water pipes. In one case,

An electrician drilled through the wall causing damage to the electric heating cable. In another insurance claim case, one customer's car fell from the crane, causing damage to the car's engine and breaking another car after it fell.

While no company can prevent the occurrence of such accidents by 100%, consider possible accidents and take effective precautions to a great extent to reduce the likelihood of accidents. And buy insurance as a backup plan in the worst case scenario.

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