Commercial – Appraisal Recommendation for your Business?
Commercial – Appraisal Recommendation – It is not an uncommon practice for building
and personal property values to increase dramatically over the years or decades.
As a part of your risk management program, you should have periodic appraisals in
place. These surveys should be conducted by a professional to check the adequacy
of your existing coverage for the property being insured.
This is very advantageous to have in place, or as a business practice.
This type of initiative can protect future assets without loss.
Plus, having an actual appraisal, will remove any guesswork from coming to a
rational conclusion, about the amounts of insurance coverage. Bottom line is,
you know how much to ensure your property and valuables at, no assumptions, only accuracy.
Commercial – Appraisal Recommendation Action?
So, not only does getting an appraiser useful to asses your coverage amount,
but it is also beneficial for having as a sound basis for a settlement, in the event
of a loss. It works on both ends of the insurance coverage spectrum, as you can see.
Contact Professional Advice
If you have any questions regarding this area, a good commercial insurance agent
can help or at least point you in the right direction. Many of these commercial brokers
have contacts over the many years of being in the industry. This is through past experiences.
They may have encountered appraisers on past job sites, or through the
process of handling of claims.
Either way, a good commercial insurance broker,
can be a valuable resource in so many areas. So, when in doubt, just ask. You would
be surprised how easily your question can be answered without any hesitation
or technical malfunction. Also, they can help you find the best coverage amount.
You can use this same advice for the loss situation as well. This is also a sound basis
for settlement if the loss should occur. Seek professional advice on this channel of protection as well.
They both fall under the same insurance program.
Commercial – Appraisal Recommendation for Fire Control Program
Now, you have a firm grip on some of the safety precautions you should take regarding fire
safety protocol. You knew this creation was set in the plan. To afford the maximum
protection against fire and other related losses, a
comprehensive fire control program should be in place.
Again, these are all recommendations and not mandatory.
You do not have to do these by law, nor are they mandatory under any system.
Now that we have that out the way, let’s move onto what exactly this control program is.
Purpose of Program
It is used primarily for the assistance of local building and rating office inspectors.
It also helps with the fire marshal and insurance company fire protection engineer.
So, as you can see, there are many people involved in this process. This is an
intricate system of safety notifications. From the local level to the actual fire engineers.
So, if this program can assist in this level of both safety and process, you know it
should be incorporated into your game plan when it comes to safety.
You can always determine the outcome or success of something, especially
if a track record already exists. In this case, a past does exist, and it has
a proven track record to assist on many different levels of government.
This is when you can measure past success, with future records.
Duplications of Records – Safety Recommendation?
Here’s another fire safety recommendation and it involves the duplication of records.
When you think duplication, you think back up or the making of two copies of
some type of data or document. You would be right to think this way because
it exists in the language of business. For example, to reduce the impact of loss
from critical business records, source code, or other printed or electronic documentation,
backups of records should be a consideration in the safety process.
This is because with the advent of technology, comes those who want to use it for ill will.
These cyber hackers, for example, can be the reason for an internal malfunction of your entire server.
This server malfunction, now affecting your bottom line, has been the result of a poor action plan
when it comes to file maintenance and safety. Backup everything, this is a common
statement throughout it all. Regardless if it’s on your desktop or in a file cabinet somewhere.
For your protection and your business future’s protection, always have a secured backup
file locked away. Just make sure you can get access to it and it’s not in the same place
where the main hub is at. Security reasons.
An act of Security and Safety So, the act of getting these backups is not the only
involvement of this process. This second step, or more vital in certain scenarios,
is the location where you will be keeping these backups. Will you be
storing them right next to the desktop that is being saved on?
This might not be the wisest thing to do. Just think about it, what would happen in the event
of a fire? It would burn not only the mainframe of all your data but now your copied
record of all the work that was saved. This does not sound like a good back up plan.
So, the bottom line when it comes to duplication is, to make sure to have a good location
base for your data, both tangible and electronic.
One will not work without the other, OK?
Commercial Welding Safety
If you have a welding or soldering operation, you should consider having this plan in place.
It is a plan where any operations of welding or soldering, should be in a designated area.
This makes sense. You want to make sure there is no mixture of combustible materials or liquids.
This is achieved by having a designated area, where a watchful eye and safe zone is in place.
Gasoline Storage Safety
Just having the word gasoline in the subject line should raise some eyebrows.
This is because everyone, for the most part, understands the risk gasoline pumps can be
if not operated properly. If you have a gasoline shop, make sure all pumps are visibly
named and surrounded by protective walls. Also, as another line of defense,
concrete barriers. These barriers would protect the area of gasoline pumps in case a
vehicle loses control and indirectly collides into the gas station. These concrete barriers would
defend against a direct impact and causing a further hazard to both the public
and employees of the gas station.
Storage Tank Safety?
We have all seen storage tanks running down the road on the back of a big rig.
Some of these tanks are used for regular liquid or non-hazardous, while others are not.
These storage tanks are used for flammable or hazardous liquids. These tanks
have certain guidelines in place with the NFPA and other relevant state and local standards.
So, these tanks used for flammable liquids or hazardous material should
be constructed, installed and maintained with these standards in mind and place.
Also, take note of any tankers that are over 10 years old.
They should be periodically pressured checked or, equipped with a current detection for
leaks system in place. This way the system can monitor for any potential
environmental pollutions exposures.
Paint shots and operations are working with paint and ventilation issues.
Therefore, painting operations should only be performed in NFPA approved spray booths.
They will have determined the safety of the operation and ensure no future safety concerns are
on the horizon. Also, if you have a painting operation, another technique would
to separate fire areas that include good forced aired ventilation.
This would also include explosion proof wiring and lighting since they all
play in the same operation. All paint and paint thinners should be stored in
approved metal storage cabinets. Also, they can be stored in a separate storage room that
includes a fireproof door. Another safe guideline that should follow is to clean
up any accumulation of paint from overspray. The paint cleans up helps to
reduce any possible accidental ignition from occurring. This clean is a safety feature and
should be implemented more times than now. Use these measures before the sale of your business.