An accounting overview at the unfortunate incident suffered by brother Abu Muhannad, the owner of Taiba Supermarket in Wijchen
Unfortunately, we have recently been confronted with several barn fires in practice.
In addition to the emotional damage, there is of course also major financial damage. You have taken out insurance for this financial loss.
The insurance policy refers to clauses, the general terms and conditions, and the specific terms and conditions for the relevant insurance. It is important that you have complied with these conditions to cover the damage.
Are you well aware of the policy conditions and what you are and are not insured for?
Aspects of your insurance
The questions below concern a number of aspects of your insurance that can help you avoid unpleasant surprises.
For what amount are you insured per event?
Is this based on the replacement value (rebuild value) or current value and has a maximum amount been included?
Are the manure cellars and foundation insured or not?
Is there still asbestos present?
What consequences does this have for coverage?
Are the clearance costs also insured and for what amount?
Do you have business damage insurance?
What is the insured amount?
Is this for one or two years?
Is this still sufficient for the current situation?
Satisfy the conditions
In addition, it is important that you are well aware of the conditions and that you actually complete them within the specified periods.
These conditions are there for the safety of you and your surroundings, but can also be a stumbling block for the cover in the event of a calamity.
Are there sufficient fire extinguishers (as prescribed) present and have they been maintained and inspected in accordance with the correct NEN regulations?
Another important part is the electrical inspection. Depending on the company, this inspection must be carried out every three or five years in accordance with the required safety standard.
Is your insurance still appropriate?
If it turns out that you do not comply with the regulations or are insufficiently covered after a calamity, that is a very unpleasant surprise.
Make sure you are aware of the conditions and that they are in order. Therefore, discuss with your ChaterFinance business advisor whether your insurance is still appropriate for your current business operations.
Can technical measures be taken to reduce the risk of damage? For example, think of sprinklers and firewalls between stables. With a timely check, you avoid unpleasant surprises.
Do you want to know more?
Please contact senior business advisor Fatiha Chater on telephone number 070-7522837 and send Chaterfinance an e-mail.