What insurance covers if your business is affected by fire?

2/1/2022 (Permalink)

Smoke damage from a fire can affect your business in Gainesville, GA, in many ways, and it’s easy to feel overwhelmed if you’re unsure what costs your insurance company will cover. Understanding what expenditures your insurance is likely to pay can help you eliminate stress throughout the cleanup process.

1. Property Damage

After a fire, many items in your business may be destroyed, and insurance should be able to compensate you for your losses. Even if some things in your building were left untouched by the fire itself, water from hoses or sprinklers can damage articles within them. Often, a cleanup and restoration company can assist you in taking inventory and provide you with an estimate of what items have been harmed and what can be repaired.

2. Smoke and Soot

In addition to causing destruction to articles within your building, a fire can leave behind smoke and soot damage. They can affect the structure of your property, and it’s often necessary to thoroughly clean and restore a business that has been rampaged by a fire. In some instances, major soot and smoke damage may require you to replace structures in your building. Luckily, fire insurance should cover the costs of smoke cleaning.

3. Business Interruption

If a business needs to temporarily close in order to make repairs, the costs of lost revenue can quickly add up over time. However, cleaning a building and making important renovations can be time-consuming, and complex repairs should not be rushed. Insurance companies will generally cover the costs of this interruption, allowing you to focus on restoring your establishment to its original state.

When a fire results in property damage, smoke damage and a temporary business shutdown, your insurance company will generally cover the cost of those expenses. If your enterprise requires renovation, it can be helpful to contact the experts in commercial fire damage restoration.