Protect Your Business Assets

As an entrepreneur or business owner, you work hard to keep your business profitable. You've worked diligently over the years to purchase the assets (personal property) that your business owns. What if it was all gone tomorrow - or today? Unfortunately, there are many things that can cause a loss of these assets.

Natural disasters such as a hurricane or tornado could result in a total loss to the point of even blowing everything away, leaving nothing behind. A lightning storm can cause a loss ranging from zapping your electronics to a full burn-down of your building, along with all the contents inside. If the disaster is wide-spread, it could be weeks before you are allowed back in your facility.



Man-made disasters can also create a huge loss. Fire, theft, or other similar events are reported daily on your local news sources. For example, our home town experienced what no own would ever think would happen. A house in a neighborhood exploded, resulting in 33 homes needing to be bulldozed. What if your business faced a totally devastating explosion?

With the economy taking a long time to recover, more people are losing their jobs, or finding only part-time work. Statistics show this is in correlation with the rise in thefts throughout the United States. If you opened your doors one morning only to find all of your electronics, computer equipment, even possibly tables, chairs, desks and other furniture missing, what would you do? Could you recover properly?

When asked by the police, would you be able to provide a list of the manufacturer, model numbers and serial numbers to them? The insurance company will required a thorough list of each and every item you claim for replacement. How many did you have? Can you prove it?

Because of these daily events, savvy business owners are becoming aware of the need for an asset inventory. Having a thorough up-to-date list of your assets is essential for a fast claim filing and a maximized settlement. If you are displaced for a while, you'll have this document already created, which will enable you to begin your insurance claim, while those without an inventory will most likely need to wait to walk through the building to remember what they owned.

Taking care of your years of work and effort by preparing is one of the best ways to preserve all you've built. If you don't have the time or desire to create this detailed document, hire a certified inventory specialist to do it for you. It's an investment in your future.

Cindy Hartman is President of Hartman Inventory. Visit http://hartmaninventory.com to learn the variety of reasons for a personal property inventory. She is also owner of Nationwide Inventory Professionals, an inventory business package and licensing agreement. Start and grow your business with their professional assistance. Details at http://www.NationwideInventoryProfessionals.com.

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