How To Prepare for Water Damage With Business Insurance

7/20/2022 (Permalink)

Preparing for Water Damage with Business Insurance

As a small business owner in San Carlos, CA, you need to be ready for anything. When water unexpectedly gets into places it is not supposed to, it can cause major problems. Almost all businesses, at least the ones with physical locations, are vulnerable to water damage, which can occur from things such as:

• Broken pipes
  
• Severe weather
  
• Damaged HVAC systems
  
• Foundation leaks
  
  

You can reduce costs and prepare for any issues caused by water by having insurance coverage for your commercial property. 

Different Policies Cover Different Types of Costs
Dealing with water damage at your business is never fun, but there are a few different business insurances you can use. Commercial flood insurance, business income insurance and standard commercial property insurance policies are good options to have in times of crisis. Insurance companies can be a proper resource with the right policies; however, the source of the damage often determines the level of coverage you will have. Standard commercial policies will usually cover claims for burst pipes, but additional insurance could be needed for other causes and potential revenue losses. 

Insurance Companies Can Assist With Water Cleanup
Insurance companies often work closely with cleanup and restoration professionals. These companies can provide water and material cleanup and emergency services such as mold remediation if needed. Damage assessment performed by these professionals can be directly used to help with filing your insurance claim so you can get back in business as soon as possible. It's worth having a conversation with your insurance agent about your policy's features to ensure you have the best protection and restoration plan in place. 
No matter the cause of water damage, it is always best to jump in front of a possible emergency. Getting business insurance is a great way to save your business, time and money.