Business water damage claim experts
Business Water Damage Settlement
Water damage to your business, whether flood, burst pipes, or other cause, can bring operations to a halt and have lingering effects if not fully remediated. As disruption threatens revenues and mold growth expected in 24-48 hours, time becomes a factor in minimizing losses.
With decades of handling business property losses, MHA is your water damage claim experts – fully equipped to provide contractor estimates and best practices for a speedy recovery and maximum settlement.
Contact MHA for a free assessment of your policy and damages. We’ll help you make critical early decisions to put your business in the best position for a successful claim outcome.
MHA Promise
- Prompt Communication
- Highest Integrity
- Best Industry Practices
Business Flood Disaster Planning and Policy Preparation
Business Impact Analysis
- Develop a survey questionnaire and train leaders
- Administer survey with operations stakeholders
- Determine risk through gap analysis
- Consider mitigation plans for chemicals, fuels, and hazardous materials
- Review impact analysis with partners and suppliers
Establish Recovery Strategy
- Secure agreements with contingency vendors
- Determine employee and customer communication alternatives
- Develop IT and data access backup plans
- Maintain photo and video files of premises, inventories, equipment, and supplies
- Update policy coverages to align with risks
Document a Plan
- Establish a playbook of procedures for flood or water disasters
- Align roles with actions and institute new hire training and annual updates
- Obtain agreement among executive team and department leadership
- Inform employees, partners, vendors, and suppliers of pertinent procedures
Test Your Plan
- Conduct mock "table top" disasters to play out recovery scenarios and identify weaknesses
- Perform simulation recovery of key IT systems
- Execute a full recovery, including failover to established backup sites
- Document gaps and actions needed to update the plan and insurance coverages
Business Water Damage Expertise: The MHA Process
1. Policy Review & Relocation
Following a water damage event, MHA will work with you to assess any safety issues, the scope of your policy, and claim considerations, including contingency expenses.
2. Codify Claim Strategy & Execution
With an assessment complete, MHA will work with you to understand asset valuations and agree on a claim strategy that optimizes policy coverages.
3. Claim Preparation
MHA will gather critical documentation including contractor estimates, legal briefs, and a comprehensive list of itemized assets with defensible valuations.
4. Claim Submission & Settlement
After the claim is expertly assembled and submitted, adjustments will likely follow by the insurance carrier. MHA will then negotiate a final settlement - working in your best interest.
5. Settlement Payout & Asset Restoration
Once a claim is settled, MHA continues to work with you to suggest trusted contractors or provide representation in the event new losses are discovered.
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