Over-Active Hurricane Season Renews the Need for Adequate Commercial Property Insurance
First, it was the COVID-19 pandemic; and that hasn’t gone away yet. Next came an overactive hurricane system. As we turn the calendar and see 2021 in our sights, dare we ask, “what next?” All it takes is a glimpse at the weather forecast to set anyone on edge. However, when you invest in business insurance coverage, you can breathe a little easier the next time Mother Nature decides to rain down her fury.
Do more than grabbing your umbrella and galoshes for the next storm. Talk with the knowledgeable brokers at The Nowell Agency about the best business insurance for your enterprise. We work with many different types of insurance providers in a varied market. We will sit with you to assess the best types of policies for you and your location.
4 Types of Business Insurance to Help You Weather the Storms
According to Insurance Journal, forecasters from Colorado State University’s Tropical Meteorology Project forecast that the 2020 Atlantic hurricane season would be very active. They were correct. According to Live Science, we ran out of names by September 18th. (The season lasts until November 30th.) Riding through the rough weather can be more comfortable when you consider having the necessary policies in place. Here are four to talk to your insurance broker about:
- Commercial Property Insurance: Let’s start with the policy that will give you added protection for your buildings and equipment. Strong winds can blow over your signs, break windows, and cause the siding to blow off. These are only a few items that can be affected. If you don’t have money in the bank, you may not be able to repair and replace all the damage.
- Flood Insurance: With heavy rains comes potential flooding. This policy helps cover damage to your property related to overflowing rivers, streams, heavy or prolonged rain, and storm surge, as a few examples.
- Wind and Named Storm Coverage: Because of their ability to hang around and happen in groups, the National Weather Service uses names for hurricanes. Naming distinguishes them from each other and helps with observation. This type of insurance can help when a named storm affects your business.
- Loss of Business Income Coverage: When the storms hit, the area shuts down. This affects your revenue and, possibly, your bottom line. Recovering can be difficult without some help. Business interruption insurance aids you when you lose your income due to a covered event.
Gain Peace in the Middle of the Storm – The Nowell Agency is Here to Help
Before the next season, take time to talk with an experienced business insurance broker from The Nowell Agency. We keep an eye out for the weather changes and how it may affect you and your company. For more than 30 years, we have served companies across the country handle what Mother Nature throws at them. Contact us today and walk away with peace of mind and confidence that you can face the future.
Call one of our offices near you to schedule a meeting with a knowledgeable and experienced broker at The Nowell Agency about obtaining business and commercial property insurance. You can also request a quote online.