Jewelry trade shows and wedding season aren't the only signs of summer.
Severe storms and natural disasters become widespread once temperatures start rising. Every area in North America can be impacted by severe weather to one degree or another and the damages can be catastrophic.
By now, many business owners have heard of virtual inspections and may not be sure of what they are or how they work. Virtual inspections are indeed the way of the future and has become more evident during the recent year. Pandemic or not, businesses still need insurance coverage because catastrophes continue to happen and when they do, you’ll want to make sure you have the right insurance coverage.
There are many reasons the power could go out at your jewelry business that don’t involve crime. High winds from a storm, a traffic accident, a planned outage or simply the handy work of a critter chewing on power lines can all cause power outages and have the potential to disrupt your business.
Here are a few steps you can take before, during and after a power outage to protect your jewelry business.
Proper inventory record keeping is a necessary tool in helping a jewelry business be successful.
Taking the time to establish and maintain accurate and up-to-date inventory records will save you time and money in the event of an insurance claim. If you have a loss, your inventory records will prove what inventory has been lost and its value so that your claim may be settled quickly.