Not all disasters are natural...

Did you know that your company can be held liable for any number of property damage claims? From fire and lightning to a broken water-main to claims of mental anguish and bodily injury, lack of adequate preparation means that your business risks significant financial loss.

Defining the Terms
Legal usage differentiates between property damage and property damages:

• Damage is defined as a loss or harm resulting from injury to a person, property or reputation.
• Damages refers to compensation provided to a person who has suffered loss or harm due to the unlawful acts or omission of another. The person at fault must compensate the injured party.

Businesses are often accused in property damage cases. When a business loses a case, it may have to pay substantial damages that can compromise the business itself.

What is "property?"
Property damage insurance law defines anything that can be owned, whether it is tangible or intangible, as 'property'. This includes legal ownership as well as beneficial ownership — all property is subject to a valuation, although this may require a specialist, such as an appraiser, to determine this value.

What kinds of property damage insurance can I buy?
The two most common forms of property damage insurance for real property include liability insurance and title insurance.

• Liability insurance provides coverage for an injury on your property; or resulting from your ownership of the property. It's often sold in a package policy (like business liability), which bundles a variety of coverage, including: liability, property contents, theft, and defense against lawsuits to cover common risks. Check your policy to see if flood, earthquake, tornadoes, hurricanes and land subsidence are covered. You may need (or want) additional protection if these conditions are common in your area.
• Title insurance provides coverage to a homeowner if late-discovered factors bring the owner's title to the property into question. This type of policy covers the costs of defending your title against the property damage claims of another.

What do you do if property damage claims affect your business operations?

Agility's ReadySuite: A Complete Mobile Recovery Solution
Because of long and involved court processes, property suits and damage claims can shut down your business location for days or even weeks. A membership with Agility's ReadySuite ensures you have a mobile office to keep your business running, even if your facilities are completely destroyed by an earthquake. You're provided with emergency space and equipment, including computers, servers, and satellite telephone and internet link-ups—all within 48 hours of an emergency declaration.

Stay Connected With Customers—Before They Connect With Someone Else
If your business is shut down, insurance will cover some costs. But how do you maintain operations? Most customers won't wait for you get up and running again: they'll take their business elsewhere.

ReadySuite is a simple, turn-key solution that lets you continue operations without interruption, regardless of the circumstance. Take the guesswork out of ensuring business continuity in the wake of lawsuits or any disaster. With ReadySuite, continuity and peace of mind can be yours. All for an affordable $275 a month.

ReadySuite Is Virtually Risk-Free
If there ever was an event, most business interruption insurance policies will cover the cost of ReadySuite. (Verify that's the case with your provider.) That makes ReadySuite a virtually risk-free way to ensure your business survival.

Call to learn why ReadySuite has a 100% success rate—and how its mobile recovery solutions can be applied to your business. Your call will be returned in one business day.

Be prepared in the event of any disaster—natural or otherwise. Learn more about Agility's ReadySuite.

Other Resources:
Public resources for small businesses: www.business.gov/topics/research_resources

The United States Small Business Administration: www.sba.gov

The American Better Business Bureau: www.bbb.org

The Occupational Safety and Health Administration: www.osha.gov

Agility Partners