Preparing for Natural Disasters: Is Your Business Covered? 

Natural disasters are an unfortunate reality every business must consider. Regardless of your due diligence, commitment to safety or risk aversion efforts, these incidents are likely beyond your control. Even if you fortify your company and properly prepare, you’ll likely need help in bouncing back from these potentially catastrophic situations. At The Insurance Gurus, our team is well-equipped with the knowledge and experience to help you secure appropriate coverage for these situations.

What Types of Insurance Can Help With Natural Disasters?

Your business may require various types of insurance policies to cover its financial interests adequately in the face of natural disasters. While these incidents may inevitably affect your business, you can be prepared to manage subsequent losses by understanding the following types of coverage:

• Commercial property insurance—This is one of the most essential types of business insurance, regardless of size or sector. Although standard policies may exclude some types of natural disasters, coverage may help manage losses arising from many common severe weather conditions, such as hail and wildfires.

• Flood insurance—One of the most prominent exclusions in many commercial property insurance policies is damage from floods. Alternative coverage obtained through the National Flood Insurance Program or private insurers can be critical for managing losses caused by rising waters.

• Windstorm insurance—Although wind-related damage may often be included in standard policies, certain high-risk areas may require additional coverage. Even if windstorms, such as hurricanes and tornadoes, are covered by your business insurance, you may need to account for a separate deductible.

• Earthquake insurance—Like floods, these potentially catastrophic natural disasters are consistently excluded from standard commercial property policies. Businesses at risk of these seismic events should consider securing alternative coverage to avoid potentially catastrophic out-of-pocket losses.

We’re Here to Help

Contact The Insurance Gurus in Acworth, Georgia, today to learn more about covering your business against natural disasters or explore personalized quotes.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.