50% of Businesses Never Reopen! Middleboro, MA 02346

11/8/2017 (Permalink)

According to the Federal Emergency Management Agency (FEMA): “Almost 50 percent of small businesses never reopen their doors following a disaster because just a few inches of water can cause tens of thousands of dollars in damage. During the 5 year period of 2006-2010, the average commercial flood claim had amounted to just over $85,000.” With the raise in construction and residential and commercial building prices on the rise, we can suppose that that figure has only increased over the last 7 years.

While commercial property insurance may cover your structure and belongings, depending on your policy endorsements, loss of business revenue can be a major factor for whether or not your business survives. Regardless of annual income; an unexpected halt in revenue accompanied by a slow claims process, can affect businesses of all sizes. Whether your business generates hundreds of dollars, or hundreds of thousands, per day; minimizing damage quickly can potentially save your business.

To learn more about ways you can prepare your business please visit our Emergency Response Profile section or contact SERVPRO of Marion/Middleboro to schedule your complimentary ERP today!