Commercial hurricane insurance helps protect your business in the event of a hurricane.Keep your business from blowing away with commercial hurricane insurance.
Commercial property insurance may not cover hurricanes.
As with homeowners insurance policies, many business owners don’t realize that their commercial property insurance doesn’t necessarily cover flooding. Suffering a flood can wipe out a business because it’s not just a matter of replacing damaged equipment and repairing buildings, but also the sheer time it takes where the facilities can’t be used.
Hurricanes can do a lot more than just damage your property.
Hurricanes devastate communities, resulting in flooded roads, fallen trees, and downed power lines to name a few. All of this, combined with any damage to your property, could cause your business to be shut down for days, weeks, or even longer. Including business interruption insurance with your commercial hurricane insurance policy may help you avoid financial difficulties by providing your business with income until you are able to resume your normal operations.
Commercial hurricane insurance is not flood insurance
While it’s important to know what commercial hurricane insurance does cover, it’s also important to know what it does not cover. The heavy rainfall from a hurricane can cause major flooding, which may result in harm to your business. However, your insurance policy will not provide coverage for that damage. Flood insurance is a separate policy that you may want to get in addition to your commercial hurricane insurance to provide more protection for your business.
How much does commercial hurricane insurance cost?
The cost of your policy depends on a number of factors, including where your business is located, how far from the coast you are, and the risk of hurricanes in your region.
Do you need hurricane coverage for your business?
If you are in a region that’s at risk of damage from hurricanes, you have to consider how your business will survive after damages or loss of your building or assets and if you’d be able to afford repairs and replacements.
Your business should consider how to mitigate your risks.
While you’ll never be able to stop a hurricane from happening, there are ways that your business can prepare for the worst and mitigate the risks that hurricanes pose to it. Risk management services may help you plan for potential hurricanes by examining your current coverage for gaps and then finding coverage to protect your property, employees, and equipment. Taking risk management steps may help save you money in the long run.
Want to learn more about commercial hurricane insurance and how it may help protect your business in the event of a storm? Contact Usfor more information and your coverage options.
Serving Over 20 States
We are proud to serve clients throughout Ohio, Pennsylvania, Columbus and over 20 other states from our offices in Fairlawn, OH, and Cranberry Township, PA.