What Commercial Property-related Risks Might Your Small Business Face 

Commercial property insurance may help your small business cover costs if commercial property-related risks or events like fire, storms or theft damage your building, equipment or inventory. It provides a way to manage unexpected repair or replacement expenses. This coverage is crucial because it supports business continuity and may reduce financial risks in challenging situations.

What Property-related Risks Might My Small Business Face?

Commercial property insurance may provide financial assistance after unexpected events that cause damage to your business property. The following are examples of common risks that could impact your business:

• Fire—Fires can start from electrical faults, kitchen mishaps or nearby buildings.

• Lightning—A lightning strike can cause power surges, damage electrical systems or ignite fires.

• Explosions—Gas leaks or malfunctioning equipment can lead to explosions, damaging property and endangering employees.

• Windstorms or hail—Strong winds and hail can break windows, damage roofs or cause flying debris hazards.

• Smoke—Smoke from nearby fires can infiltrate buildings, causing damage to interiors, furniture, and inventory.

• Riots or civil commotion—Unrest in an area can lead to property damage, including broken windows, looting or structural harm.

• Vandalism—Intentional property damage, such as graffiti, broken locks or destroyed signage, can disrupt business operations.

• Falling objects—Tree limbs, construction debris or aircraft parts can damage buildings and equipment.

• Weight of snow or ice—Heavy snow or ice buildup can collapse roofs, damage gutters and cause leaks.

• Accidental water damage—Burst pipes, plumbing failures or malfunctioning sprinkler systems can lead to flooding and mold issues.

A commercial insurance policy may cover all these risks and more. Consult an agent from Crume-Evans Insurance to learn more about the many benefits of commercial property insurance.

Secure a Policy Today

The agents at Crume-Evans Insurance in Kokomo, Indiana, can assess your situation and help find optimal coverage for your business. Contact us today to get started.

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.