Take a look at these tips to prevent habitability claims in your commercial insurance.
At Hoffman Brown Company, we are well-versed in spotting potential claims in businesses. With our many years of experience, we understand common risks in companies, as well as how to prevent them. Take a look at our top tips on how to prevent habitability claims in your commercial insurance so that you can save your valuable time and money.
- Perform regular inspections. Many business owners slack on this duty, putting it off time and time again. To help, we recommend scheduling regular inspections well in advance of doing them so that you and your team can be prepared. Duties include testing the smoke and carbon monoxide alarms, checking stair and hallway lighting, hiring pest control to eliminate insects, and collecting necessary receipts and certifications of insurance.
- Report claims immediately. This should go without saying, and it’s valid across all forms of insurance. Reporting a claim as soon as possible can help your business recover quickly. Claims are easier to investigate and resolve promptly when the evidence is fresh and witnesses are available.
- Review your insurance policies often. You want to ensure that your insurance policies align with your needs at all times. When your business changes, your insurance must change, too. In this industry, consider purchasing Employment Practices Liability (EPL) insurance to complement current coverage and respond to discrimination complaints.