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How to Reduce Commercial Liability Exposure

Written by Professional Restoration on July 31, 2018. Posted in Damage Prevention.

Commercial property damage can affect more than just your business. What happens when your property damage affects the business next door? Or worse, a customer?

Business liability insurance provides defense and coverage against claims for bodily injury and property damage. However, even the best policy can’t reduce commercial liability exposure.

Below, the expert technicians at Professional Restoration share their best tips for avoiding business liability claims.

Dangerous Conditions Lead to Liability Claims

According to Colorado’s Premises Liability Statute, the responsible party, landowner, or “an authorized agent or a person in possession of real property” is legally responsible for the “condition of real property or for the activities conducted or circumstances existing on real property.”

When someone is injured on the property due to negligent conditions, activities, or circumstances, the injured party can sue for compensation.

Property owners are deemed negligent when they’ve breached their duty to avoid dangerous conditions on their property.

A leaky pipe, sewer backup, and other common property problems can lead to litigation if dangerous conditions aren’t addressed swiftly and properly restored.

Moreover, Colorado’s statute doesn’t limit itself to the owners or lessees of a property but extends to those legally responsible for maintaining, controlling, and securing the property as well (e.g., property managers, maintenance companies, contractors, snow removal services, etc.).

Accidents can happen anytime, but they’re far more likely to occur after significant property damage (i.e., fire, flood, earthquake, etc.) or during construction. Te best way to avoid a lawsuit is to mitigate liability exposure.

Limit Commercial Liability Exposure

There are steps you can take to avoid hazards on a commercial property. Below, our reconstruction experts share their top tips:

Stay proactive to spot potential liability issues. Again, this is particularly important if the property recently suffered damage due to fire, flood, or during commercial renovations.

Bundle Insurance and Save

Property damage often stretches much further than originally anticipated. Forgetting to cordon off a flooded bathroom, for example, can result in a slip and fall case or worse.

Insurance isn’t free, but it can save you and your business a lot of money in the event of a property disaster. You can save some money by bundling insurance policies.

Talk to your insurer about bundling general liability and commercial property insurance to save on monthly premiums. Insurers often refer to this as a Business Owner’s Policy (BOP).

Stay informed to avoid other property pitfalls. Follow Professional Restoration on Twitter, or ‘like’ us on Facebook.

Call Professional Restoration Today!

Professional Restoration specializes in supplying Denver, CO clients with exceptional care and dependable restoration practices. Our decades of experience have enabled us to tend to a wide variety of projects with the knowledge and expertise our clients deserve. Our services include a wide range of restorative work, from water and fire damage to mold remediation, sewage maintenance, and structural repair. When the time comes to invest in a high-quality restoration company, look to Professional Restoration to supply you with skilled staff members, reliable techniques, and courteous customer service.

Call Professional Restoration Today!

The Professional Restoration team’s specialty is in offering complete, in-house restoration services to address any type of property damage. Through our decades of experience, we are able to help with everything from the restoration of water or fire damage, to mold removal, and reconstruction services.

We understand that living and working through the restoration process with a remediation and water restoration company can be an incredible headache. That’s why the team at Professional Restoration will be at your side every step of the way, including dealing with your insurance company to ensure the process is manageable and equitable for you. Our staff has decades of experience navigating the intricacies of insurance claims and we’re prepared to put our expertise to work for you. When you’re ready to look for a commercial restoration company, consider Professional Restoration for our reliable processes, certified staff members, and superior customer service practices.