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 In terms of expanding your seemingly growing business, the responsibilities and liabilities also arise. While most entrepreneurs put their valiant effort into their business operations, a critical factor in achieving ultimate success in business is through assessing the risk factors surrounding your area. In this article, you will get yourself familiarized with the vital claims in commercial policy. Burglary and Theft
In any business, the chances that your place might be the next victim by thieves and burglars will always be present. The worst part is, it could be your customer or even disgruntled employee. Cases like burglary and theft are also the most common among business insurance claims examples. Fire Business owners often neglect the likelihood of a fire from happening. Much worse, they often realize its adverse effects and the costly restoration expenses once the mishap has already occurred. Fires could tear down any business at any given time and place, and one of the most affected are those enterprises that failed to get insurance coverage. Weather Damage A weather-related disaster could put any business on halt on any occasion, either temporarily or worse, permanently. It can cause an enterprise to shut down for an extended period, depending on the recovery pace. Data shows that 25% of businesses that seized operations due to natural disasters have never reopened, mainly because of a lack of coverage on their policy. Customer Injury This one, although common claims filed by businesses, can be prevented from happening. If one customer is involved in an accident inside your business premises, you must know how to utilize this coverage. In this case, you'll file an accident insurance claim to shoulder your injured customer's liabilities. The Claims Process In case one of these scenarios has happened to your business, you should immediately intend to submit a commercial insurance claim. The first important step is to contact your insurance provider and inform them as soon as possible. The next process is to give them a narrative about what exactly happened to lead to the incident. Conclusion Most of the time, a business owner will do everything to protect his/her business against any possible damage. But things that are out of hands like fire, natural disasters, and even burglary might be around the corner. Getting commercial insurance to safeguard your business property will be one of your armors moving forward. At UG Insurance Brokerage Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (718) 848-7777. You can also request a free quote by CLICKING HERE.
9 Comments
12/21/2020 01:50:43 pm
I can understand how a business could really benefit from getting the right insurance in order to be safer. Making sure that they can get the right coverage from a professional could be really useful. It was interesting to learn about how insurance coverage for fire can protect a business from being tor down at any place and time. 1/13/2021 03:59:41 pm
A friend of mine told me that he wants to start a business of his own but that he needs help finding an insurance plan he can trust. He thinks he only needs insurance for physical damages to the building and such. I'll let him know what you said about how burglary and theft are common among insurance claims. That way he'll know what he should really be protecting himself against. 2/2/2021 10:46:46 pm
It is interesting that this post pointed out that insurance can protect us from theft. The other day my friend mentioned that he plans to open up a business. I will remind him to apply for commercial insurance to protect himself from theft. 2/9/2021 11:59:54 am
It was helpful when you said that commercial insurance claims should be submitted as soon after the incident as possible. My friend from church is looking into getting insurance coverage for the new local service business he's starting this summer. I'll share this info so he has a better idea of what filing a business insurance claim would look like. 3/12/2021 07:01:07 am
My friend wants to make sure that he can still get covered if something happens for his business. It makes sense that he would want to consider getting a professional to help out with things. I can see how having coverage for things would be really beneficial for him. 7/1/2021 08:44:30 am
I can see how commercial insurance can protect your business property and help out moving forward. This would go a long way with commercial auto insurance too. Company cars are important and they could be expensive if they got damaged. 8/5/2021 11:01:28 am
I had no idea that 25% of businesses that closed due to natural disasters never opened again. My wife has a storefront that is near a beach and we sometimes have tropical storms here. I think that we will definitely make sure that the insurance policy on the shop covers natural disasters. 8/10/2021 11:20:41 am
Thank you for mentioning how a weather disaster could affect any business at any time. I want to start a new business this summer. I will find a good insurance brokerage locally for this as well. Leave a Reply. |
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