Business Insurance Claims: Preparation is the best strategy for dealing with business losses and insurance claims. You should have an accessible list of all of your business property so you have a point of reference when you are determining what has been damaged, stolen, or lost. Stopping, and recovering from, embezzlement is much easier if your record keeping system is organized and current. Finally, do not delay in gathering and preserving evidence, identifying witnesses, and informing your insurer of losses, evidence and witnesses disappear. Use the following checklist as an aid to organizing and justifying your claim.