Page 45 - Insurance Times September 2023

Mitigating flooding

effects with Water

Damage Restoration

Solutions Rajesh Marwaha

NSM
Technical Drying Services

In an industrial and commercial setup, the machinery, furnishings, and miscellaneous items are
quite expensive, and in a flooding situation, they are under the threat of getting damaged.
Replacing and reconstructing the articles can incur heavy losses for the company, considering
they are already suffering from an acute crisis due to the sudden halt in business.

T he flood feud looming over the northern states companies are left with unbudgeted compensation as a

result of high insurance claims.
with the onset of the monsoon has raised
concerns among the masses. Where water is an
essential element for sustaining life, in excess it
can be a destructive force incurring havoc in the lives of In order to address the water menace, opting for timely
restoration of water-damaged assets can be economical
people and property. With the country still in the middle of that can also ensure continuity of business. Here, it is
the monsoon, getting incessant rains in the time period can important to understand that time is a crucial factor in
be expected. Water damaging valuable assets aggravates mitigating the flooding issue. One needs to observe the
the distress in industrial and commercial spaces. situation in the first 24 to 48 hours. It is a very crucial
situation where time cannot be wasted in taking action but
Coming with a draining effect, water can disrupt the on the contrary, one cannot rush to take hasty decisions.
operations of the space and in severe conditions, can even Hence, proper knowledge of the basics of water damage is
lead to shutdown of the business activities. In an industrial required to deal with the problem. This necessitates a solid
and commercial setup, the machinery, furnishings, and emergency disaster to be in place beforehand to control the
miscellaneous items are quite expensive, and in a flooding unforeseen situation. Looking at the intensity of the
situation, they are under the threat of getting damaged. situation, only highly trained professionals coming with
expertise in handling sophisticated technology and
Replacing and reconstructing the articles can incur heavy equipment are better able to control the water damage.
losses for the company, considering they are already
suffering from an acute crisis due to the sudden halt in They are efficient at deploying a Water Damage Restoration
business. To deal with the situation, it is very likely that the (WDR) plan where they ensure the safety of the occupants
companies seek help from insurance companies, but in turn, while carrying out drying and restoration of water-damaged
they advise taking assistance from a professional restoration assets. In the process, the emergency plan also promotes
team to mend the damage. Along with this, most of the time the preservation, protection, and security of assets and

40 September 2023 The Insurance Times