How Commercial Coverage Protects Your Business Against Disasters

Commercial insurance from Silverton Insurance Specialist, LLC can protect your business against disasters. Commercial coverage can help you recoup the cost of repairing business property or replacing business equipment and inventory lost in a natural disaster. Commercial insurance will also protect your business assets if you had to shut down temporarily due to extensive damage to your property. Here are just a few ways your business can benefit from commercial coverage.

Property Coverage

You never know when a major disaster will strike. With commercial insurance, however, you can be prepared to face the consequences. If you were to lose your inventory or business equipment in a disaster, your insurance could help cover replacement costs. In like manner, commercial property insurance will help cover the costs of repairing your office, shop, or warehouse after disaster strikes so you can continue your operations.

General Liability

General liability would protect your business against lawsuits if customers were to have an accident on your property. Natural disasters such as tropical storms make conditions conducive to accidents. If a customer gets injured by slipping on a wet floor in your place of business or gets hit by debris in your parking lot, liability insurance will cover their medical costs. It will also cover legal expenses in the event of a lawsuit.

Business Interruption

If your business had to shut down due to extensive storm damage, business interruption insurance would help cover running expenses until you get back on your feet. This includes payroll, utility bills, and rental of business property. Depending on your policy, a business interruption can also cover the cost of renting a temporary office or warehouse while your building is being repaired.

For greater insight into how commercial insurance can meet your business needs, contact us at Silverton Insurance Specialist, LLC.