Market Insight

When disaster strikes: how to get a back on track from a property predicament

December 5, 2019

We all hope that nothing bad will ever happen to our businesses or the property / portfolios we own or occupy. 

But as we all know in life, disaster can strike at any time – from a fire to flooding and tidal surges, to storm damage and snow, all of which have the potential to damage property enough to halt trading and/or occupation of a property.

When a property disaster strikes, it is important to act quickly to set in motion a series of events that will ultimately lead to the efficient resolution of your particular property challenge. 

The goal is to return your business back into a functioning operation as quickly as possible, whilst protecting staff retention, and continuing to trade in order to fulfil customer orders. 

But, if you were faced with the prospect of losing a premises or a portfolio of buildings, whether offices or residential / social housing, would you know what to do and how best to manage the situation? 

When disaster strikes 

If you were faced with a property disaster, would you know the stakeholders involved in the recovery process? From emergency services, landlords, policyholders and contamination specialists, to brokers, insurers, loss adjusters and reinstatement contractors. The list goes on. 

And what about decision making and approval processes or the numerous suppliers involved in the claims process?

These are all questions which, when faced with a crisis situation, can prove difficult to address effectively. 

Get external help 

This is where external project managers can help. 

By getting the help of disaster recovery experts, much of the property reinstatement burden can be removed, allowing you to focus on your core business activities. 

And you shouldn’t have to worry about the cost. 

Building insurance policies generally cover the cost of a project manager and in most cases, you are free to choose your own preferred reinstatement project management professional. 

Here for you in your time of need

At Vail Williams, we are experienced in helping tenants, landlords and investors to manage property restoration projects following a disaster. 

From helping to bring on board a restoration team to deal with the clear up, to engaging with reinstatement teams to put your building(s) back together as soon as possible, our expert project management team is here to help. 

We can work directly with your insurer and appointed loss adjuster to agree the most suitable approach to the property repairs process, and will work with you to deliver the project you need in order to ensure business continuity. 

So, whilst we hope that you are never faced with a disaster which lands you in a property predicament, we are here to help should ever be faced with such a challenge. 

For more information about any of the issues discussed in this article, don’t hesitate to get in touch.