Loss of Your Records

Valuable papers insurance will pay to help you recreate your business records lost in a fire. Standard fire insurance will pay for the equivalent blank paper lost (yes, blank copy paper). Valuable papers insurance will pay for clerical help, and the expense of gathering the information lost.

Big deal! You’re better off protecting the records you need. Be more specific here. You’re better off protecting the records from being lost in a fire in the first place.

First, move your operation to digital copies of records. Scan and store paper documents. Back the information up.

If you must have paper files, plan to protect what you have.

The most vulnerable documents are those you are working on now. What’s on your desk is at risk. Put your important papers away. Frankly, standard file cabinets do a pretty fair job protecting records. The best paper storage receptacle, though, is a fire rated file cabinet or vault.