Evergreen Park, IL, is a fantastic place to run a business, but it is also susceptible to thunderstorms, tornadoes, and flooding. In addition to implementing measures to protect your business from damage, you’ll also want to ensure you have the right commercial insurance policies to protect your commercial assets if disaster strikes.
Natural Disaster Coverage
Coverage varies depending on your chosen policy, and your deductible will determine how much you’ll have to pay out of pocket before the insurance company provides compensation. However, generally speaking, commercial property insurance typically covers wind damage. It won’t cover flood damage, so you must purchase a separate flood insurance policy.
Other important coverage forms include comprehensive commercial vehicle insurance and business interruption insurance. Commercial property insurance won’t cover damage to business vehicles, even if they are parked on the business premises. Business interruption insurance provides compensation to keep your business afloat until the disaster passes and you’re able to resume regular business operations.
If you run a business from home, your homeowner’s insurance won’t cover damage to business assets or inventory in your home. Talk to an insurance agency about commercial policies to keep all your assets properly covered.
Contact Martin Insurance Team for Expert Insurance Advice
Martin Insurance Team offers insurance policies and policy bundles to business owners in and around Cape Coral, Bonita Springs, Naples, and Evergreen Park, IL. We’re a full-service, one-stop shop that’s ready and able to meet all your commercial insurance needs at the best possible price. Contact us today to learn more about what we offer or get quotes on specific policies.