Storm-Proof Your Business: A Commercial Property Owner's Checklist

As a commercial property owner, you must protect your investment against the forces of nature that pose significant risks to its structural integrity and functionality. To ensure your commercial space is well-prepared for the upcoming storm season, follow this checklist before, during, and after a storm: 

Before 

• Check your insurance coverage
  • Review your commercial property policy with your independent agent 
  • Ensure coverage is current and adequate to protect against storm-related damages
• Conduct a thorough risk assessment of your building 
  • Identify vulnerable areas that are susceptible to storm damage
  • Utilize your insurer’s loss control and safety resources 
• Secure your important documents
  • Identify essential records such as insurance policies, contracts, property records, etc.
  • Digitize paper records where possible
  • Store paper/physical documents in a secure, waterproof location
• Create a storm plan
  • Develop a communication plan for employees, tenants, and other key people
  • Communicate evacuation procedures and emergency contact information
  • Review and update your plans regularly
• Prep the exterior
  • Clear gutters and drains to prevent water buildup
  • Inspect your roof for loose or damaged shingles and address any needed repairs
• Take action before the storm hits
  • Reinforce windows and doors
  • Secure outdoor equipment and furniture

During

• Monitor weather alerts
• Evacuate when ordered
  • Ensure all occupants are aware of evacuation procedures
  • Confirm emergency exits are accessible

After

• Conduct a thorough safety assessment of the property
• Document any damage with photos and detailed records
• Communicate with tenants, employees, and other key stakeholders
• File an insurance claim
• Schedule and complete repairs
• Use what you learned to review and update your preparedness plan

Commercial property insurance can be a vital shield for facing unpredictable forces of nature. By understanding essential coverages and implementing proactive measures, a business can fortify its defenses, minimize financial risks, and help ensure a swifter recovery in the aftermath of storms. Remember, the key to resilience lies in the proactive preparation and strategic selection of insurance coverage that aligns with business needs. Talk to one of Acuity’s independent agents today to learn more.