Commercial Real Estate, Capital, Insurance, Leasing & Management

Prepare Your Commercial Property for Hurricane Season

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Franklin Street’s property management & insurance experts offer emergency action guide.

Franklin Street, a full-service commercial real estate firm, has produced a “2018 Hurricane Preparedness Guide” for commercial property landlords and tenants. Business continuity and hurricane preparedness planning is just one of many services Franklin Street provides to assist in protecting clients’ valuable assets. Developed by Franklin Street’s property management and insurance experts exclusively for their clients, the guide offers proactive steps to ensure the safety of tenants and the value of each property. 

The 2018 Hurricane Season officially begins on June 1st and ends on November 30, 2018. Franklin Street’s guide includes resources for employers and employees such as an emergency preparation and supply checklist, instructions for what to do if a Hurricane Watch or Hurricane Warning has been issued, and contact information to local and federal emergency management offices.

“We urge property owners and tenants not to be complacent about hurricane preparation,” said Patrick McGucken, Vice President of Retail Management Services at Franklin Street’s Tampa office. “Our guide provides important tips and information on preparing your property, action steps to take before and after a disaster, and a list of key emergency contacts.”

“If my business is forced to shut down because of a natural disaster, will my insurance policy cover us for loss-of-income? Does my commercial property insurance include flood coverage?” said Lonnie Kitchen, Senior Director for Franklin Street Insurance Services.  “These are the types of questions that property owners should be asking when reviewing their policies before a storm strikes.”
 
Here are four steps you can take to protect your commercial property from disaster.

1. Review property insurance with the company’s insurance agent concerning the hazards of a hurricane.

Even as rebuilding is in progress, building and business owners have learned that insurance policies are works in progress and should be reviewed and clarified regularly, well in advance of any disaster.

2. Activate your emergency plan as soon as a Hurricane Watch is posted.

When a Hurricane Watch is issued, preparations should be made for a possible facility shutdown and evacuation. Do not wait until a Hurricane Warning is issued, as there may not be enough time to complete all the necessary actions. Any action that can be performed without interrupting ongoing business operations, such as storage of site furniture, should be done immediately.

3. Stockpile the emergency supplies needed in preparation for the hurricane season.

Supplies are essential to sustain you and your employees in the event you are temporarily stranded in the workplace during a storm. Please review the following list of items to include in your emergency kit: 

• Food – stock your office with non-perishable foods such as food bars and dehydrated foods.
• Water – ensure you have a three-day supply of purified water available. It is highly recommended that at least two quarts of water is stocked per day, per employee.
• Emergency Lighting – light sticks, flashlights, flares.
• Batteries – ensure you have a supply of batteries on-hand.
• Medical – ensure you have a First Aid kit on hand that is well-stocked with fresh supplies. It is recommended that the kits are designated to treat earthquake-related injuries such as heavy bleeding and broken bones.
• Blankets – lightweight fire and shock retardant emergency blankets.
• Radios – two-way radios as well as portable transistor radios with an extra supply of batteries.
• Medications – persons on medication should keep a 72-hour supply of such medications in their desk.

4. Keep a list of important phone numbers handy to help you through the emergency. 

Make certain your tenants update their emergency contact information with your property management office. Also, make sure your emergency contact list includes these numbers:

Emergency: 911
Federal Disaster Assistance: 1-800-621-FEMA (3362); www.fema.gov
American Red Cross (Evacuation Resources): 1-800-975-7585
Hurricane Helpline: 1-800-227-8676
Finding Loved Ones: 1-877-LOVED-1S

For more information on how to prepare your commercial property for severe weather, visit Franklin Street Management Services. For information on how to protect your business with commercial property insurance, visit Franklin Street Insurance Services.

To learn about specific risks in your area, contact your local emergency management agency.

About Franklin Street: Celebrating more than 10 years in the business, Franklin Street is a family of full-service commercial real estate companies focused on delivering value-add solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its divisions – Real Estate, Capital, Insurance, Property Management and Project Management – Franklin Street offers unmatched value and optimal solutions for clients nationwide. Learn more about Franklin Street at FranklinSt.com.

 
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