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Home » Blog » Disaster Restoration » How Water Damage Can Ruin Your Chicagoland Business

How Water Damage Can Ruin Your Chicagoland Business

    Commercial Water Damage Restoration - Chicagoland IL

    Commercial Water Damage Restoration - Chicagoland IL

    Water damage to a business is more than a nuisance. There can be serious implications involved – damage to a building and equipment can be severe and costly which can shut a business down for long periods, threatening its existence and the livelihoods of its employees or tenants. It can also endanger their health.

    Commercial water damage can come from several sources. Rusted pipes burst, faulty or improperly installed fittings leak, ceiling-mounted fire extinguishers can inadvertently go off, and heating systems may fail. Weather-related water damage can also occur, resulting in roof damage caused by storms and flooding may inundate the structure.

    According to Patrick Daley, Head of Large Property with The Hartford, “Water damage is one of the largest loss causes we deal with in the commercial insurance industry, yet only a small percentage of clients have a formal Water Damage Prevention Plan in place.” In 2019, the average commercial water damage claim was $89,000. In fact, water damage claims are over 50% of all commercial property insurance claims!

    Property and Equipment Damage

    Water damage can impact every part of a company. Many Chicagoland businesses have heavily invested in machinery, electronics, and supplies. Most of these can be expensive and not easily repaired or replaced. And then there’s the damage to the building’s structure.

    Besides the drywall, ceiling, floors, and fixtures, the foundation of a building could be compromised by flooding. Long-term exposure to standing water and the additional moisture produced during flood damage events in the Chicagoland area can cause permanent and expensive damage to a foundation.

    Even masonry, concrete, or stone foundations can soak up small amounts of water through cracks and pores. These pockets of water can create defects in the building’s foundation that will eventually weaken the entire structure. In the winter, water trapped inside those cracks expands as it freezes, further enlarging cracks and resulting in serious structural integrity issues that can be extremely expensive to fix. Compromised foundations can also allow water to seep into a building. Before long, stock and supplies are ruined, as well as renter’s possessions.

    Commercial Water Damage Restoration - Chicagoland IL

    Health and Safety Concerns

    Water damage in commercial buildings also presents significant health risks to employees and tenants. Wet areas can increase workplace accidents— from defective equipment to slip and fall accidents, or even electrocution.

    Whether catastrophic or minor, water damage can promote mold growth. Mold can grow wherever there’s moisture, such as around leaks in roofs, around windows, or pipes, or where there’s been flooding. It can grow almost anywhere, especially where it finds food, such as porous surfaces like paper, cardboard, drywall, and wood. Mold can also grow on nonporous materials like concrete and brick. And with the right temperature, moisture, and food, mold will grow almost anywhere.

    According to the CDC, if an employee or tenant is highly sensitive to mold they may show symptoms such as difficulty breathing, a bloody nose, and itchy, watery eyes. Those with compromised immune symptoms are also at risk, and some studies suggest serious health effects can crop up from repeated exposure to mold.

    Financial Risks

    Lastly, the largest risks of commercial water damage are long-term and short-term financial costs. Each business has its own set of challenges. For example, rental properties suffer a loss of rental income from tenants who are unable to occupy a damaged property. Retail businesses may lose income from property damage and/or from being open for fewer hours. And the list goes on.

    Businesses also lose profits when they have to pay for water damage repairs. These could include either insurance deductible payments if covered by a policy, or losses that won’t be fully covered by insurance. The claims processes and repairs are also time-consuming, necessitating property owners to be away from their business.

    Keeping Your Business Open

    Over the years, ServiceMaster By Simons has worked with many Chicagoland businesses and property owners. We’ve usually found ways to keep them open and operating as efficiently as possible during the restoration process. We do this by keeping a clear channel of communication open with property owners or managers so that we’ll know their requirements and how we can operate around them.

    We can also take on the headaches of working with insurance companies. Our expert team will create an estimate, document the claim, and submit it directly to the insurance company. We help business owners understand what their insurance will and won’t cover and the budget they’ll need to make critically needed repairs.

    Water damage can be a challenge but you can handle it when you work with the best team.

    Commercial Water Damage Restoration-Chicago-Oak Park-North Shore IL

    Choose ServiceMaster Restoration by Simons, Chicago’s #1 trusted water damage restoration company.

    Author

    • Nasutsa Mabwa

      Nasutsa Mabwa is President of ServiceMaster by Simons, a MBE/WBE City of Chicago and State of Illinois certified firm. She is a 2020 Daily Herald Business Ledger C-Suite awardee, a member of Crain’s Chicago Business 40 under 40 and a 2018 ServiceMaster(c) Achiever Award recipient. She is a Civic Federation Board Member, an Advisory Board Member for as President Elect on the Executive Committee for the Evanston Chamber of Commerce. She is IICRC certified for WRT & FSRT.

      About ServiceMaster Restoration By Simons
      Restoration By Simons is an MBE/WBE certified firm and family-run company serving both Cook and Lake County, Illinois. Recently, the company was awarded a variety of honors, including the SB100 Best of Small Business Award Winner 2021, Bronze Stevie® Award in the Female Entrepreneur of the Year category in the 18th annual Stevie Awards for Women in Business, recipient of the 2020 Better Business Bureau's Torch Award for Marketplace Ethics, and the recipient of the 2020 Skokie Business of the Year Award, Honorable Mention Category. Restoration By Simons provides disaster restoration services including water and flood damage restoration, fire and smoke damage restoration, mold remediation, to residential and commercial customers in both Cook and Lake County IL.

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