Large Loss Restoration
What exactly is a large loss? A large loss involves damage to your property, which usually requires complex repairs to restore the structure to its original state. In addition, a large part of business operations are halted due to the damages sustained. Therefore, this makes expediting the restoration process critical for the survival of a business. According to FEMA, 40 percent of businesses do not reopen following a disaster and another 25 percent fail within one year.
DEFINING A LARGE LOSS
A large loss is not solely determined on the actual dollar amount of the damage to the structure and contents. There is no set of rules that determine what exactly constitutes a large loss, but several factors aid with deciding. These circumstances include:
- Has a significant portion of the structure been affected?
- Will the majority of the structure need replacing?
- Will a large part of the business be paused until damages can be repaired?
BEING PREPARED FOR A LARGE LOSS
When a disaster strikes and weather events such as hurricanes, earthquakes, floods, or fires affect your business, you must be prepared and have the necessary insurance policy information. You must know what is and what is not covered by your policy. Also, a trusted and experienced restoration partner is important and can make the process easy during this difficult time.
At Guarantee Restoration Services, we can assist with pre-loss planning and offer a comprehensive, 3D Matterport scan of your property and help to develop a continuity plan. We utilize the latest technologies to deploy our Disaster Recovery Team of professionals when our services are needed most.
GRS DISASTER RECOVERY TEAM
When a disaster strikes, our Disaster Recovery Team will quickly assess the damages to your facility. They also mobilize the personnel and equipment necessary to expedite the recovery process. We understand the effect that every hour has on a business that has experienced an interruption of normal operations. Timing is critical while mitigating the property loss and salvaging important documents, materials, and equipment.
READY TO RESPOND
Guarantee Restoration Services has 5 convenient locations along the Gulf Coast. This gives us an opportunity to serve our partners in many regions. Our team has over 150 dedicated professionals, and we are able to partner with Restoration Affiliates to assist when needed.
We can respond quickly to any size loss with the equipment and manpower necessary to restore your property to pre-loss condition. As always, Guarantee Restoration is here when you need us most. We are available 24/7, which is not just a number, it’s a GUARANTEE.
Rob Calais is a Business Development Associate at our Lafayette branch. He recently celebrated his 2nd GRS Anniversary in April 2021. To connect with him, visit LinkedIn or send him an email.
