Recovering Losses After a Disaster

By July 30, 2013Asset Tracking, Blog

According to the National Oceanic and Atmospheric Administration, floods, tornadoes, and coastal storms combined caused nearly $26.5 billion worth of damages in 2012. While no one wants to think of being caught up in such an unfortunate and hazardous situation, the reality is that anyone could be subject to a natural disaster. If you maintain a business in a region that is at risk, employing an asset management system may be necessary to ensure that restoration process returns the full value of your resources.

Insurance Claims

By organizing your items with Asset Panda, you can create a comprehensive and thorough catalog of your resources. For a business, this may include specialized equipment, furniture, and other daily necessities. In the event of a disaster, having the replacement values, purchase information, and other vital data can help speed up the claims process with your insurance provider. Having unorganized information behind a report could also affect your restoration payout.

Repairs and Replacements

If you need to repair and replace products out of pocket, employing the tools of an asset protection agency, like Asset Panda, can help you cut costs and save time when getting back to normal operations. Your directory can include bulk order information, serial numbers, and key descriptions that will help ensure you get the right replacement for your destroyed equipment. While there is no silver lining to being in the path of nature, you can at least prepare yourself in the best manner possible to deal with such an event.

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