Disaster-Proofing Your Business with Business Insurance
Even the largest, most profitable businesses can be hamstringed by a major disaster. If a business is severely damaged or destroyed by a natural disaster, it can’t conduct business—and it loses money.
A business insurance policy covers most natural disasters and can help ease the financial blow, but disaster-proofing a business takes proper planning and foresight. Disaster-proof your business by taking a few precautionary steps.
Step One – Make Certain Your Business Insurance Policy is Adequate
Standard business insurance policies offer a wide range of coverage, but they don’t cover certain perils. Here are a few major exclusions:
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Floods - a standard business insurance policy won’t cover flood damage. If your business sustains flood damage, your business insurance policy will not cover the losses. You must purchase a separate flood insurance policy to secure coverage.
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Earthquakes – a standard business insurance policy does not provide coverage for earthquake damage. You will need a separate earthquake insurance policy or commercial property earthquake endorsement to adequately protect your business.
- Terrorism - if a business is damaged as a result of a terrorist attack, a standard business insurance policy won’t reimburse the losses.
If you fail to review these elective coverage
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