Advice on How a Business Can Preserve its Property Damage Insurance Claim After Suffering a Loss Due to a Hurricane
Hurricane Harvey, then Hurricane Irma, tore through several states and caused billions of dollars in property damage. Businesses were forced to shut down and lost profits was the result. Most businesses have first-party property insurance which provides coverage for property damage losses, including but not limited to damage to real and personal property, lost profits, debris removal, extra expense, business interruption, and contingent business interruption losses. When making a first-party property damage claim to the insurance company, businesses should engage insurance coverage counsel and a forensic accountant to assist with organizing and presenting the claim. Here are a few reasons why.
Our Conversations section features in-depth interviews with leading figures in risk management. Mark Siwik, founder of SandRun Risk, conducts this conversation with Don Dinero, an expert on the Training Within Industry (TWI) program, which is arguably the most successful program ever created to increase workplace productivity and mitigate operational and hazard risk.
As a result of Hurricane Irma, Lean Leadership Week was rescheduled to October 24-25 in Savannah. Mark and I will be speaking with our client Brian Hemlock, President of TCI of NY, about lean risk management. Please join us!
Silo-based processes, a hyper focus on numbers, and confusing terminology often produce lots of activity with no real management of risk. This article introduces business leaders to a simple framework for helping their organizations manage risk.
Lori Siwik and Mark Siwik are the founders of SandRun Risk. They apply the principles of vertical leadership and lean six sigma to the discipline of risk management. From time to time they share their blog with guest authors who write about important risk management principles.