Commercial insurance

10/11/2019 (Permalink)

Water is a lot more damaging than most people give it credit for, and even a minor leak can turn into a costly and time-consuming property issue. When it affects a business, water can destroy important documents, expensive equipment and office furniture, not to mention the building itself. For this reason, business owners should invest in a sound business policy that covers perils such as water damage.

What To Look for in Your Commercial Insurance Policy

Most commercial insurance policies for water loss cover damages caused by burst or broken pipes and gradual leaks. Unfortunately, many policies contain exclusions, which you want to be aware of so that you can ensure you are covered for the appropriate risks. Some exclusions to look out for include the following:

• Concurrent causation
• Floods
• Backup of sewer and drains
• Water damage from storms

Unfortunately, many business insurance policies require business owners to carry a ride-on, that a lot don’t think about adding