On Friday 19 January 2018 at approximately 7:30pm the roof of our office building in Lindfield partially collapsed. Fortunately no one was injured.
This incident reminds us of the importance of holding reliable and accurate insurance in the event of these unexpected and costly occurrences. Understanding the different cover requirements and responsibilities is imperative, as this will limit or remove your exposure following a catastrophic event.
Despite significant damage sustained to the whole building, we were lucky only to suffer some minor water damage, which came from the upstairs tenancy. As the building owner had the insurance cover to evaluate the structural integrity of the building, secure the location, clean and remove debris, replace damaged components and repair the site, we were fortunately in a position to continue operations without additional inconvenience.
Insurance responds in times like this with the assistance of specified business partners to assist clients through the trauma suffered post event.
Our Peter Vickers Insurance team are also on hand to assist clients in the process if needed.
If this happened to you, would your business cope and would you still be able to operate? Without insurance, you are left to deal with handling the entire situation, not only getting the site secured and repaired, but also re-locating the staff to ensure your business can be up and running as quickly as possible.
If you have the right cover in place, your insurer will deal with all the headaches. Catastrophes do happen, so an investment in the adequate insurance for your business is essential.
Understanding the different cover requirements and responsibilities is imperative, as this will limit or remove your exposure following one of these unexpected events.