After Hurricane Sandy, scientists predicted that America would experience more frequent intense storms in the future. Because of this news, it is a good time for you to think about protecting your business from future weather-related events.
Hurricane Sandy caught many commercial property owners and homeowners by surprise. In Sandy’s wake, we’ve heard stories of businesses that were well prepared for the storm and that were able to resume operations quickly. We’ve also heard sad stories of businesses that weren’t prepared—not ready for the sometimes extensive property damages, unprepared for the interruption from shippers who couldn’t bring in supplies or deliver orders, not ready for the difficulty employees and customers experienced simply getting to the building, and not ready to discover exactly what coverage they’d purchased with their insurance plans.
What Superstorm Sandy did teach many homeowners and business owners alike is that insurance coverage is vital. By making smart decisions about insurance coverage and having adequate commercial insurance coverage, you can help protect your company from risks in future storms.
There is no time to waste. You should begin by reviewing your insurance policy to determine if you have enough coverage for storm-related property damages under your first-party property-damage policy. In addition, as a business owner, you are advised to confirm that you have business interruption coverage or contingent business-interruption coverage that would provide protection from losses.
If you would like help determining exactly what your policy does—and does not—cover and ascertaining what types and amounts of coverage would protect your business in the case of business interruption loss, call an experienced insurance claim litigation attorney. The Voss Law Firm can help you understand your policy and we can also help you make sure you receive your full benefits when submitting a commercial insurance claim. Call us today at 888-614-7730 for a free consultation.
