The Official RJWestmore Blog

Make sure your insurance is sufficient to cover your commercial property.

With the recent earthquake in Haiti and hurricane in New Orleans, people are keenly aware that disasters can and will happen. And when they hit, they can wreak havoc on residential and commercial property. But never fear. The best way to deal with an emergency is to prepare for it in advance.

So, in light of the Haitian earthquake and Hurricane Katrina, take time to review your disaster-related evacuation planning and tenant safety issues. And then, review and evaluate your insurance policy to make sure you have adequate coverage. Although people often groan about paying high insurance premiums, covering them beats the alternative of facing an uninsured disaster that could literally ruin your business as well as your reputation.

The primary type of insurance for commercial property owners is commercial property insurance which covers the physical structure from various types of natural or manmade disasters.  Here are some tips for choosing or renewing property insurance coverage:

• Make sure your building is current with regard to all safety codes before you apply for new coverage or try to renew an existing policy. If the insurance agent who reviews your property finds evidence of safety violations, he or she might fail to recommend the property to underwriters.

• Remember that insurance companies are not code enforcers. Their concern is for the building and the potential loss of value. Ensuring the safety of tenants is a shared responsibility between the building owner/manager, the tenant/employers and every individual person in the building. There is a proven correlation between individual training and preparedness and life safety.

• Find out if the policy provides reimbursement for alternative work accommodations. If your building is severely damaged, would you be able to offer temporary facilities for displaced workers?  Remember that securing building permits for repairs can take weeks or months. So make sure that your insurance is sufficient to cover construction and code-approval time.

• Carefully review whether the policy allows for “actual cash value” or “replacement value?” Actual cash value factors in depreciation of the insured object, while replacement value reimburses policy-holders for the current cost of replacing the lost or damaged item.

• Watch out for “Exclusions,” which are big in the world of insurance. Check the policy carefully for anything that might not be covered. Are you in a flood plain? If so, make sure flood-related disasters are covered. Vandalism coverage should also be considered since manmade damage can lead to costly repairs. Some policies cover every type of disaster. In other cases, you might find it necessary to add a la carte coverage.

• Look at what the policy covers beyond the building. Are furniture, equipment and electronics included? All of these items can be costly to replace.

• Make sure you take time to read the “fine print” in your property insurance coverage. Proper coverage today can save your business tomorrow.

• Consider other types of insurance such worker’s compensation, liability, and vehicle coverage.  Insurance is such a comprehensive subject that we’ll cover more about it in future blog posts. So be sure to check back in the weeks ahead.

For the latest emergency management training for property owners and facility/building managers, contact RJ Westmore, Inc. Our e-based system offers the best emergency training available, with automated and integrated features. Visit RJWestmore.com for more information and remember to BE SAFE.

Will you and your family be ready if disaster strikes?

Planning for an emergency is a project for the entire family. Get your children involved in preparedness to help them understand how important it is to be prepared and encourage them to remain calm under duress. Emergencies could, potentially, happen when you are away and the kids are home. So be sure the babysitter knows the emergency plans, as well.

Earthquakes. Floods. Fire. If one of these strikes, will your family be prepared?

The first step is to identify and focus on the types of events that might occur. Fire happens no matter where you live. Earthquakes are more regional, but remember; some places you wouldn’t think about have had earthquakes. Floods are more common in some areas than others. So, if your home is located in a floodplain, be sure you establish emergency plans to share with your relatives and neighbors.

So how exactly can you get your kids involved?

• Do a home hazard scavenger hunt to identify dangerous objects. Check every chest of drawers and other large furniture to make sure everything is well-secured to a wall. What about paintings and other loose items? Imagine an earthquake. What could, potentially happen to your possessions?

• Make an emergency kit! FEMA has a great online matching game that allows children to visualize the key components of an emergency kit. Don’t forget the flashlights and canned goods!

• After you have squared away your kit, it is time to make a plan! Again, we recommend that you get your children involved. The plan should be written out. But you can also include some simple graphic designs, clip art or photos into the plan to make it easy for younger kids to understand. Here are some key points to cover.

• Identifying information about each family member
• Phone contact information. Provide multiple numbers including the addresses of relatives who live far away in case the emergency has knocked out local communications. Put copies of photos in the plan so they can be easily distributed if someone is missing.
• Make sure everyone understands escape routes from the home and the group meeting area.
• Large families can enlist older kids as “watchers” over the younger ones
• Ready.gov has a good emergency plan template

After a disaster, you will need to make sure all of your family members are accounted for and healthy. Then, it’s time to contact agencies such as your local Red Cross and to keep watch on alerts from FEMA.

With proper planning, you can help ensure your family’s safety in case of real emergency. Involvement of all family members is crucial. So RJ Westmore, Inc. recommends that you make your plan today. BE SAFE.

On this seventh anniversary of the September 11th terrorist attacks, preparedness in the event of a disaster has even greater importance to Americans.

As a society, we must be ready to handle – at a moment’s notice – emergencies in our homes, businesses and communities.

But it’s not just the ongoing threat of attack for which we should prepare. Natural disasters – such as devastating hurricanes, floods and earthquakes – and the outbreak of epidemic diseases all demand a plan.

“Those with the capacity and wherewithal to help themselves must do so in advance, so that in the event of an emergency, responders can first assist those who are unable to tend to themselves,” said Homeland Security Secretary Michael Chertoff, in a statement.

Throughout September, the Department of Homeland Security’s Ready Campaign – part of National Preparedness Month – highlights preparedness steps, including having an emergency supply kit, making a family emergency plan, and becoming informed about different types of emergencies.

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