Commercial Insurance Coverage for your Newburgh Business

12/21/2021 (Permalink)

Commercial Insurance Coverage

When you have a commercial property there are a ton of liabilities. We want you to be prepared!

When you are applying for commercial insurance, there are several items to consider in your package. One of the major items is flood coverage. Flooding can occur in several areas. We want to make sure you can repair your building if storm damage happens to you. 

What can it do for my commercial property if damages occur? 

Flood insurance pays for several things, including, but not limited to: 

• Foundation repair 
• HVAC Systems Restoration
• Furniture 
• Equipment
• Inventory/Stock

Gap Insurance 

Know your flood areas -- your standard property insurance will not cover flood damage alone. Make sure to double-check your commercial policy to see what you are vulnerable to when it comes to weather events and your commercial insurance. You do not want to leave it up in the air and have a gap between your insurance and what you need to be covered after flood damages. 

If you find out you are in a flood area that is likely to fall victim to a lot of water damage, it is better safe than sorry. Get the coverage, so that you are prepared if a storm hits unexpectedly.