Almost every business is exposed to some kind of natural disaster. It may be flooding, earthquakes, high winds, snow, and even heavy rain. No matter what the risk, businesses need to have the right combination of commercial insurance and risk management in order to survive nature’s power.
How Can You Protect Your Texas Business?
1.Know what kind of risk you have. Make sure that you and your agent review all your business disaster risks. Determine what kind of commercial insurance is available for these risks, then secure the coverage.
2.Understand what your commercial insurance does, and does not, cover. All commercial policies exclude flood and earthquake. You will need separate coverage to insure against these risks.
3.Have a disaster plan in place to help you manage through a disaster, and then recover.
4.Your business insurance company may offer resources. Check with us to determine if your business insurance company has tools and resources to help you. Your business insurance will respond to many hazards and risks that are insured under your policy.
Most businesses carry basic insurance, which covers damage from fires and routine bad weather.