How To Take Inventory For Your Business

Why is taking inventory for your business important? It’s because you never know when a disaster may strike.  In the event your business is damaged be it water damage, roof damage, vandalism or other you must have a proper inventory ready of the items in your care.  This is especially important for recovery purposes when it comes time to file your claim, for insurance, and for tax purposes.

It’s imperative that you make sure you keep a current business inventory.  This will help you immensely.    You will want  to purchase enough to replace all business inventory pertaining to what you do.   This will also help speed up settlement of our claim.

When it comes to how to start the process of taking inventory for your business, you have a few options in this regard.  You can simply have someone make a list in a notebook saving receipts to support purchases and photos in a file.  Or  if you wish to invest in easy to use software that can automate of the details in the process there are many software programs you can purchase to create detailed, organized, accurate and up to date records of each item.   With the click of your mouse, you can easily update  lists that you purchase, replace or eliminate.  The benefit of an online or computer record is that it can be housed virtually and backed up in many cases. You can scan some receipts, take digital photos to be housed on a server, etc.

Where To Start

Don’t be put  off by the seemingly arduous task of taking inventory, especially if it is something that has not been done for a long time or in some cases years.   Take it one step at a time.  You will want to first decide on a the method in which to record your inventory (software, online, manually) Go office by office or  room by room.   Take it category by category such as creating categories for “furniture” and “electronics”.  Start with the newest pieces of furniture or  items to the oldest or you may start from the most expensive purchases to the less expensive ones.  Whichever suits you best.

Depending on the insurance coverage you have, some items may need to be insured separately such as Key players in your company and any cash you may be keeping in the office for petty purchases.

Photographs

Be sure to have photographs that accompany your inventory list. This can be done easily with a digital camera.  If you have a film camera you can scan printed photographs or have their film developer save the images to a disk.  Print photographs can still be stored  with a copy of your inventory.

The List

Some items below can be listed by the room in which they are likely to be found.  If you have a large number of  purchases of one type of item such as books, CDs, miscellaneous items you can make a general estimate of how many you have and what  their estimated value may be.

If you have sustained damage to your business or insured office building, we may be able to help.  Call us at 800-602-9915

Building Damage

Building damage can range from minor accidents to rather extensive damage.  It can be quite a headache to deal with and  prevent further damage, maintain business processes, and claim recovery for your loss if you are not familiar with all these elements or even how to document your damage for insurance once it has occurred.  There can be many forms to assess building damage required.  Also required by your insurance and most law enforcement agencies are pictures of building damage due to whatever may be the cause.  There are building damage assessment tools that can help you better document damages to the building.   However, in emergency situations, emergency management and control is crucial.  Where and how are some of the common ways building damage can happen? It can come during construction work, renovations, general maintenance, natural disasters or through accidents.   Not uncommon are instances where a gas main explosion outside your building can cause major damage to your office. In minor incidents of damage the building may need to be inspected by engineers/maintenance employees to  make sure that it is safe to return to or continue working in or around the damage that has been sustained.

In urgent situations where damage is extensive and emergency care is required you first want to make sure of potential hazards that could extend the depth of damages such as the occurrence of major earthquakes, massive collisions, etc.  In such events you will want to make sure that the electricity, gas, and water is turned off.   Check for gas and/or fuel leaks. You will want to also and most importantly check for any injuries that have been sustained by you or your office staff, and tend to them.  Apply first aid measures immediately as needed, and be sure not to move seriously injured persons unless there is an immediate danger.  Have someone check for broken pipes, water sewage, etc.   You will want to check for cracks, building damage both to exterior and interior structures.  In the event of strong earthquakes you will want to prepare for aftershocks and be sure to stay calm.

Once you have made sure of the obvious you will want to recover from your loss.  Check your insurance policy and if you need help we are here for you.  We will help coordinate restoration services, adjuster visits, and more.  Amidst all the problems you may be going through during an occurrence of building damage, it can be quite disheartening to know that dealing with your insurance company could turn into additional headache.  We alleviate that by acting on your behalf .  We file claims and offer the second opinion you need and get your claim approved with the highest payout possible.   Read here to see whats involved in filing a claim and why you need a public adjuster.

You may contact us on this page via our Contact form or directly at 800-602-9915

Business Vandalism

Did you know that graffiti is the most common type of property vandalism? Other types of vandalism include breaking windows, removing /defacing signage, as well as trash dumping from receptacles.

No doubt financial loss can occur from these acts of vandalism.  Vandalism is impossible to prevent, however  there are measures that businesses, schools and other organizations can take to help prevent this type of demoralization.

If you can understand when and where vandals typically strike then your strategy on prevention will be that much better.   Vandals usually strike during  late evening hours when it is dark and there is little or no surveillance around the property.   Like other crimes, if your  building has been vandalized once, chances are it will be vandalized again, if not repeatedly.

Here are some easy steps to follow towards prevention and minimizing occurrences of vandalism:

  • At end of the day, walk-through of the building to ensure everyone has left.
  • Lock all doors, windows and gates surrounding the property when leaving the building .  If a lock is broken, repair it immediately.
  • Install tamper-resistant hardware around doors and windows.
  • Have perimeter lighting around buildings installed.  Conserve electricity by placing lights on motion sensors.
  • Ensure that exterior lighting is in good working order, replacing burnt-out bulbs immediately.
  • Cut back dense trees and bushes next to the building. Remove tree branches below 7’ from trees adjacent to the building and keep shrubbery trimmed below 4’ to eliminate hiding places.
  • Make sure windows are visible from the street.
  • Keep a log of people entering and exiting the facilities.
  • Do not tag keys with the address of the building or any other identification that would be evident to an outsider.
  • Change or re-key locks once a key has been lost.

If you have sustained damages contact our offices immediately 800-602-9915

Roofing Damage & Insurance Claims Filing Tips

Whenever anyone owns a residence or building property one can rarely predict when one will get hit by damaging weather and/or natural disasters.  However when misfortune does hit many can be thankful for the insurance policy coverage they have as well as  the accessibility involving roofing insurance plan claims for weather damages.  On the outskirts submitting your bid to receive coverage for the damages you have sustained may seem simple.  What could be easier?  All one need do is simply tell the insurance company of your loss and that you would like to collect on it. Easy right? WRONG.

First off, it’s crucial to have a clear understanding as to what the insurance policy covers with regards your roof.  You must find out whether the complete replacement of the roof will be covered? Will it cover for roof replacement on a pro-rated basis? And don’t forget about the deductible.  What that amount is, is  important.

If  you live in a region where the environment is known for harsh climates, flooding or even tornadoes, your policy should be distinctly defined.  Because these elements can actually bring forth severe destruction, a policy should have a clearly defined  policy to include roof damages that are covered by your insurance policy.

Many property owners of whom have suffered extensive property damage to their residence or commercial building have discovered all too late that their insurance policy did not contain roofing insurance claims when it comes to weather damage.  Be sure you are properly covered ahead of time depending on the region you reside.  You will save many problems related your roofing damage.

There are other times when the need to repair a roof may arise due to incomplete or incompetent repair work.  Roof damage could also be due to wear and tear of the elements and are now in need of repair to that area of the property.  This is expected.  Be sure there is a provision  in your insurance policy for this too.

If you or someone you know has had damage to their roof, business property, or anywhere in their home, your first course of action is get in touch with a professional.  Many call their insurance carrier.  But as many can tell you, this is not where to start.   Of course, if there is a situation where your life is in danger then take all measures to safeguard yourself first.  You will want to call in restoration and clean up services if there is water damage such as flooding.  In the event of roof damage, you may have to leave and seek accommodations at a hotel.   Once you are in safety, and have taken care of preventing further damage to your home, you will want to call a public adjuster.

A public adjuster can help in a plethora of ways.  First they serve as a second opinion to the damage obtained.  They can handle all claim filing such as the tedious phone calls, voicemails, being on hold to speak with a live person and all other related tasks necessary to file a claim.  In the meantime, you can worry about what is important and focus on recovering and go about your daily activities.  We at Priority Adjuster do just this.  We know the talk and the process so you don’t have to worry about getting taken by your carrier.  We fight to get you claim the highest payout and because we are skillfully trained and knowledgeable in the field your chances of claim approval are much much higher.

Contact us on the form to the right of this page or Call us at 800-602-9915 to get help right away.

What Insurance Adjusters Don’t Want You To Know

If you think the insurance company’s adjuster is your umbrella on that rainy day of property damage, think again.  If you know anyone who has had to deal with their  insurance company or have ever noticed on the news some of the outrageous way policy holders get railroaded then you are not doubt familiar with the need to get an independent advocate on your side.  However, if not, please read on….

Roofing damage, flooding, fire damage, and electrical fires to name a few, are all things that can take years off your life in stress especially if this happens to the home you live in.  One can only imagine the height of emotion and how easily one can be overwhelmed when substantial loss is involved.   Many people who have suffered property damage of some sort where a claims filing is necessary quickly realize that their insurance company is not really their best friend in this part of the process.  Unfortunately, many realize the contrary far too late  -once they are already in the process of obtaining recovery for damages.  Policyholders often say they feel that they are  at the mercy of their insurance adjuster’s opinion.  This can be especially worrisome since he will be the one handling calculations of the damage value(s).   Policy holders often get the short end of the stick because the fact is the adjuster is employed by and represents the company he works for,  NOT you.

You DO have options!  If you are not happy with a small settlement and you feel it does not adequately cover your loss you have at least three choices.  1) You can hire a public adjuster who will fight for your claim damages.  2) You can hire an appraiser to help validate your claim for damages or 3) You can go the more expensive route and hire an attorney.

The best option for one in this situation is to hire a public adjuster.  A public adjuster can help you with getting the settlement you deserve.  Many times insurance companies will treat a claim much more serious when they know an experienced public adjuster with knowledge is involved.  There are many terms and procedures that in itself can overwhelm a policy holder trying to file a claim on their own.  Why delay struggling to  learn the industry just to handle your claim when you can hire a public adjuster who can start on your claim right away.  A public adjuster fights to get you what your valuables are truly worth.  They fight to get you top dollar.  A public adjuster will come out help document and assess damages if involved in early stages and can assist in the coordination of restoration and other repair services that need to be made to your commercial or residential property.

The earlier you get a public adjuster involved, the faster your claim can be processed by knowledgeable hands, and the better the result of the settlement overall.  Priority Adjusters does just this and will help you through the process every step of the way.

Commercial Property Damage Around The World

Property damage has recently become a constant topic not just regionally, but globally.  No doubt you have either heard, read, or someone has been talking about the  massive earthquake that struck Darfield, New Zealand about 6 months ago on September 4, 2010.  The earthquake registered at a 7.1 magnitude.  Fortunately, there were not many houses that were not built with reinforced construction, so many fatalities were avoided due this precautionary measure.  Aftershocks continued for weeks on with the more notable and most recent 6.3 earthquake to that area which caused much damage to Christchurch, New Zealand.  They were not as fortunate as Darfield and did result in more fatalities and more property damage with several buildings that totally collapsed last month on February 22.  The structural damage caused is estimated from about $1.5 Billion to $2.5 Billion, U.S..  Not much later  (only 5 days later to be exact) Chile then had an earthquake that registerered at 8.8 on the Richter scale which is one of the strongest ever recorded in history before Japan’s quake.  That quake in Chile also triggered a Tsunami.  Then, on March 11 , Japan is hit with an 8.9 magnitude which is the the world’s fifth-largest since 1900 and the biggest in Japan in 140 years, also triggering a Tsunami extending to  the Pacific Ocean which extended to Hawaii bringing the Tsunami not only there but also to the West Coast which turned into high waves by the time it got to California’s coast lines.  This quake was so powerful that it  actually moved Asia several inches closer to the United States and much of Asia’s fish were swept to Mexico’s shores and fishing streams, which is  huge to say the least.

Now, while these events are all worrisome and devastating the question has come up…who’s paying for all of this? If you are a Californian you have no doubt had concerns about the likelihood of a quake coming to California as well.  If you have not obtained property earthquake insurance and the important riders necessary for aspects of damage your main policy may not cover, it is very important that you do so now.   The New Zealand risk management group, Risk Management Solutions (RMS)  said the estimate above does “cover damage to property – residential (including the losses covered by the Earthquake Commission and excess), commercial and industrial – as well as contents and motor. Fortunately New Zealand has stable companies in place to help cover the millions and billions needed for repair, but they cannot cover it all.  The Earthquake Commission is covering the residential portions.  However,  RMS’ estimate does not include losses resulting from damage to infrastructure and public buildings or to uninsured property which will obviously pose another problem.  Private business will also suffer greatly, no doubt.

Priority Adjusters is a fast growing public adjusting firm that deals in all types of commercial property damage, industrial damages, water flood damages and more.  Call or fill out the contact form to schedule an appointment with one of the best Public Adjusters in California.  Consultations are always free. Priority Adjusters fights for you to get you the settlement payment you deserve when damages occur.

Filing A Property Damage Claim

Public Adjuster Image

Do you have property damageBusiness property damage, commercial property damage, industrial property damage, and even home property damage is something no one or corporation is ever totally exempt from.  Natural disasters happen. Things eventually wear out and break down over time.  Vandalism and theft happens.  This is one of the many reasons property owners and homeowners purchase insurance.

If your home, business or industrial property has been affected by property damage or especially  water damage, many try to sort through all of the confusion themselves often settling for less without knowing there is someone to help.  If you have found yourself in a situation where you have sustained damage to your property, a Public Adjuster is the first person you need to speak with.  Why?

First, let’s go over some of what is involved when damages occur.  You will need to contact an emergency contractor.  Before the contractor arrives you will need to take lots of pictures and give an extensive account of all details you observe from the damage, so write everything down!

You will need to go back over your insurance policy to ascertain what is and is not covered.  Some types of property damage is not covered by all insurance so you will need to make sure of which policy covers the specific damages you have sustained, and proceed according to the proper contact(s).  It is not uncommon for some types of insurance to require a rider.

Next you will have to make many phone calls and in many cases wait on hold for an extended amount of time, deal with voicemails, no call backs, and run arounds to name a few.  Also, be expected to receive low-ball offers from the insurance company once the claim is filed and processed.  Be wary of these.  Many will offer you a partial check that states in legal terms that by expecting the low payment that you are agreeing to payment in full by cashing that check, so be careful!  However, there is no need become any more frazzled then you may already be from the damage.  A Public Adjuster will not only file your claim, get processing underway, but also assist in coordinating any contractors that need to be involved as well as other aspects of your case.  This is our specialty. We will advise you on all aspects of your damages and claim. We work hard to not only get you a quick payment, but on average it is much higher than anything the policyholder would receive on their own.

Here at Priority Adjusters, we have the experience and education in dealing with insurance so there are no missteps.  We are  highly trained  as to how to report claims so that it gets open and filed right away.  A Public Adjuster does not get paid until you do, so there is no reason not to give us a call.  For more info you may contact us here.

Frequent Questions

What in the world are Public Adjusters ?!?

(Answers to that and other frequently asked questions!)

A brief introduction:

Hi, my name is John Morgenstern, Southern California’s premier Public Insurance Adjuster.

Best case scenario, most people go through their entire life without a catastrophic event. So I urge you not to feel embarrassed if you have only a vague idea how I help folks like you. You may simply know (or suspect) a fair settlement isn’t going to arrive in your mailbox courtesy of your insurance company. That’s not merely a hunch. It’s basically an ‘open secret’ in the industry.

As Southern California’s premier claims adjuster my single-minded goal is to right that wrong and put more money in your pocket. My settlements are routinely 35% (and as much as 300%) higher than the ‘full and fair’ offer the insurance company.

Please enjoy the information I’ve provided below. I believe an educated and savvy property owner is Big Insurance’s worst nightmare.

This is my field of expertise and it would be my honor to advocate on your behalf. When you are ready, pick up the phone and call me so we can talk about the specifics of your situation – absolutely no cost or obligation! Call me now at 800-602-9915 (24/7). If possible I’ll take your call myself. Call now.

Your ‘Top Gun’ Public Insurance Adjuster,

California Public Adjuster

John Morgenstern
Because you deserve more…

Call me now at 800-602-9915 (24/7)


Frequently Answered Questions!

Q: What on earth is a public adjuster?!?

Great question. The truth is most people have never heard of my occupation. That’s a good thing if it means you have not suffered a loss. Sadly, many people who could benefit never learn about our services. How would they? Big Insurance sure isn’t going to tell them (or you)!

Simply put, my job is to help folks like you – property owners. My expertise is in putting an accurate dollar value on your property loss. I work for you, only. I have zero ties with Big Insurance. I fight for you.

Your insurance company pays another adjuster to work on its behalf – these are called insurance adjusters or ‘independent’ adjusters (misleading, to say the least). So called independent adjusters and insurance adjusters are paid by insurance companies. Perhaps worse, many are unlicensed and inexperienced. Their job is justify
the smallest possible settlement for you.

I am a State licensed professional Public Adjuster. I have logged more than 20,000 hours negotiating with Big Insurance. My expertise is determining how much you rightfully deserve. I achieve an accurate settlement by comprehensively documenting your claim, aided by experts in construction, labor and law.

You probably have enough to deal with right now. Part of my job includes the preparation of building damage assessment reports, creating estimates, building inventory lists and documenting your other losses. I handle all the tedious tasks of compiling and filing claims – as required by your insurance policies. The same is
true for all negotiations with your insurance company, consider it done.

I hope this information has been helpful. I look forward to discussing the specifics of your situation – no obligation or cost. With so much at stake I urge you to call me now at 310-890-8224 (24/7). If possible, I’ll answer your call myself.

Your ‘Top Gun’ Public Insurance Adjuster,

California Public Adjuster

John Morgenstern
Because you deserve more…

Call me now at 800-602-9915 (24/7)


Q: Are you affiliated with insurance companies?

No. Absolutely not.

I work solely for homeowners like you. Isn’t that the least you deserve? I think so.

I hope this information has been helpful. I look forward to discussing the specifics of your situation – no obligation or cost. With so much at stake I urge you to call me now at 310-937-5126 (24/7). If possible, I’ll answer your call myself.

Your ‘Top Gun’ Public Insurance Adjuster,

California Public Adjuster

John Morgenstern
Because you deserve more…

Call now at 800-602-9915 (24/7)


Q: What can you accomplish on my behalf?

Thanks for asking! Just a guess, but I’ll bet you probably have enough to deal with right now.

Part of my job includes the preparation of building damage assessment reports, creating estimates, building inventory lists and documenting your other losses. I handle all the tedious tasks of compiling and filing claims – as required by your insurance policies. The same is true for all negotiations with your insurance company, consider it done.

I hope this information has been helpful. I look forward to discussing the specifics of your situation – no obligation or cost. With so much at stake I urge you to Call me now at 310-937-5126 (24/7). If possible, I’ll answer your call myself.

Your ‘Top Gun’ Public Insurance Adjuster,

California Public Adjuster

John Morgenstern
Because you deserve more…

Call me now at 800-602-9915 (24/7)


Q: My insurance company adjuster told me he is independent. Is that like you, John?

No. Absolutely not. And I appreciate you bringing this up because it is a constant source of confusion. An Independent Adjuster is NOT a Public Adjuster. The term ‘independent’ simply means they are freelance adjusters (as opposed to salaried). The ‘independent’ adjuster is employed by your insurance. His livelihood depends on an ongoing stream of business from Big Insurance companies, like yours. His loyalties are – at best – divided.

I work solely for homeowners like you. Isn’t that the least you deserve? I think so.

I hope this information has been helpful. I look forward to discussing the specifics of your situation – no obligation or cost. With so much at stake I urge you to call me now at 310-937-5126 (24/7). If possible, I’ll answer your call myself.

Your ‘Top Gun’ Public Insurance Adjuster,

California Public Adjuster

John Morgenstern
Because you deserve more…

Call me now at 800-602-9915 (24/7)


Q: Couldn’t I just negotiate a settlement myself?

Of course. You could certainly spend your time calling contractors for double and triple opinions. You could also simply accept the insurance settlement.

The problem with that approach is too often non-professionals are limited to a defensive posture. That is to say my work involves much more than simply asking for money than you are offered. On the contrary, property owners need an offensive comprehensive approach, for any hope to negotiate the fair settlement. A simple example would be fire, smoke or water damage. Insurance will often pay for repairs – and you could spend your time arguing over the quality of materials. But as an experienced professional I know the repair is often of secondary importance. Of critical importance is understanding and anticipating the long term issues – mold, structural integrity, moisture and irritating smells that can linger for the life of the property. Believe me, 5-years from now you do not want to be forced to demolish the ‘fix’ you settled for today.

My experience helps folks like you get your life back 100%. It makes sense that my daily experience handling, preparing and negotiating claims would result in a higher settlement for you.

I hope this information has been helpful. I look forward to discussing the specifics of your situation – no obligation or cost. With so much at stake I urge you to Call me now at 310-937-5126 (24/7). If possible, I’ll answer your call myself.

Your ‘Top Gun’ Public Insurance Adjuster,

California Public Adjuster

John Morgenstern
Because you deserve more…

Call me now at 800-602-9915 (24/7)


Q: What about my insurance agent or broker? Shouldn’t this be his job?

No. But it is a common misconception that an agent/broker has expertise in determining value of lost or damaged property. The insurance agent/broker has expertise in sales. Adjusting claims is simply not part of your agent/broker’s job. It’s unreasonable to expect loss adjustment from your agent/broker.

On the other hand, I have put countless hours and effort into education and training. The result is I have an enormous specialized knowledgebase I put to work on your behalf. It makes sense that my daily experience handling, preparing and negotiating claims would result in a higher settlement for you.

I hope this information has been helpful. I look forward to discussing the specifics of your situation – no obligation or cost. With so much at stake I urge you to Call me now at 310-937-5126 (24/7). If possible, I’ll answer your call myself.

Your ‘Top Gun’ Public Insurance Adjuster,

California Public Adjuster

John Morgenstern
Because you deserve more…

Call me now at 800-602-9915 (24/7)