While commercial insurance isn’t typically required by law, it’s a must-have for most business owners. These policies can help reimburse business owners for lost inventory or cover the cost of structural damage. It’s especially important to know whether your policy covers damage from natural disasters before an emergency occurs.
Natural Disasters Typically Covered
Most commercial insurance policies cover a wide range of everyday natural disasters, including:
- Lightning damage
- Damage from fallen trees
- Hurricane damage
- Tornado or wind damage
- Damage from a storm surge
However, coverage can vary based on your location. For example, insurance companies in areas prone to hurricanes or tornadoes may require additional coverage or exclude certain risks altogether. It’s important to speak with a professional at Options Insurance Agency to understand what your Hershey, PA, policy covers.
Natural Disasters Often Excluded
Some natural disasters are commonly excluded from standard commercial insurance policies. Business owners concerned about these risks should consider purchasing additional coverage. Excluded disasters often include:
- Earthquakes
- Volcanoes (including damage from lava, ash, and other volcano-related events)
- Floods
If your business is at risk for these types of disasters, additional coverage is essential to ensure you’re fully protected.
Consider Business Interruption Insurance
Standard policies may exclude or provide limited business interruption insurance. Business owners should consider purchasing additional coverage to protect against lost income in the event that operations are disrupted due to a covered peril, such as a natural disaster. This type of insurance can provide the financial lifeline needed to reopen your business after repairs are completed.
At Options Insurance Agency, we understand the importance of comprehensive coverage. Our experienced agents can help you review your policy or purchase additional coverage to ensure your business is well protected. Contact us today for more information. We proudly serve the Hershey, PA, area.
