Creating an Inventory System for Your Business

3/14/2022 (Permalink)

Remember to create your inventory list.

Developing an Inventory Management System for Your Company

Before you can hire a remediation company, such as SERVPRO, for your disaster-struck business in Cleveland, TN, you are going to need to provide your insurance company with a list of everything in the building. It can be impossible to create this list when facing a disaster, so it is best to make one beforehand. Here are some tips for creating an inventory.

How Do You Create an Inventory?
The first step to create an inventory is to decide which method is best for you. While it can be a simple list of everything in the building, you will probably want a visual record. You can use one of these digital tools to help you make your list:

• Spreadsheet
• Mobile app
• Video camera

Once you have decided on a format, you can start making your list. Don't forget to include any items you have in your storage closets. Pay special attention to any high-value items you have, such as expensive equipment. It may also be best to ask your agent what items would be covered if you made an insurance claim, so you know what to include.

Why Do You Need One?
An inventory is an excellent way to help expedite the insurance claim process. Not only will it help when dealing with the insurance company, but it will also be helpful when dealing with a disaster restoration company.

How Should You Store It?
Don't let your inventory become part of your property loss. Be sure to keep a copy in a fireproof safe, safety deposit box, or the cloud. You could also email it to your agent for safekeeping. This is a bonus because your agent will tell you if you have enough coverage to pay a full insurance claim.
Creating an inventory is an important step for any business and can make recovering from a disaster easier. After you create yours, be sure to keep it safe or email it to your insurance agent before disaster strikes.