Wondering about Water Damage?
With severe weather happening more frequently, water damage is plaguing home and business owners. There are circumstances under which water damage to your business will be covered. It all depends on the coverage you purchased in your insurance policy. Insurance options may be available for situations such as:
- Inventory that is destroyed by water gushing from a broken water pipe or water entering from openings caused by an insured peril, such as wind
- Water or raw sewage that backs up through your floor drains – depending on your circumstances, you may be able to purchase sewer backup coverage.
Establish Regular Communication with Your Insurance Representative
The more your insurance representative knows about your organization, the better prepared he or she is to advise you about changes in the marketplace, as well as the type and amount of insurance you need. By implementing risk management strategies you may be able to eliminate or mitigate key risks and save money on your premiums.
Be sure to periodically review your policies with your insurance representative. Over time, your organization may grow and your need for certain coverage may increase. Or, as your business evolves, you could find yourself paying for coverage that you no longer require.
Commercial Insurance for Small Business