Spring into Safety with These 4 Business Insurance Tips
It’s finally starting to feel like Spring! As temperatures rise, spring is a fresh start for businesses. Warmer weather brings increased activity and more customers to your business, which also brings more liabilities. Business owners, you should gear up for the spring season and align your business with the right insurance strategies that will help you navigate challenges. Here are some tips to help your business have a smooth transition into the spring season.
Reassess your Business Risks:
A study done by The Hartford says 40% of small businesses will file a claim within the next ten years. You should evaluate your insurance policies to make sure that they have the right coverage that your business really needs to avoid risks. Business property insurance helps protect your business against theft, damage, destruction from an accident or other natural disasters. If you are unsure if you have the right coverage for your business, contact our office at 413-464-9390 and one of our agents will customize a policy that fits your specific needs.
Take Care of your Equipment:
Warmer weather calls for HVAC checkups. Getting maintenance on your HVAC systems is needed to ensure it performs correctly. During the winter your HVAC can become vulnerable to wear and tear like damaged wires or clogged components. Taking preventative actions to make sure your equipment is working properly will help you not have insurance claims and also ensure the comfort of your customers and employees. We offer equipment breakdown insurance that covers your business’s equipment if there’s an unexpected breakdown. It can cover anything from HVAC to computers to electric doors.
Prepare for Spring Weather:
Transitioning from Winter to Spring can be tricky. One day it will be warm and the next it could be snowing in April. The unpredictability of Spring weather means business owners should be proactive. Make sure you have Business Interruption Insurance to help protect your business against any weather that may come your way. This type of insurance covers lost income and covered risks which include theft, wind, lightning, falling objects, fire, etc.
Parking Areas and Walkways:
April showers bring May flowers as they say, which means wet and muddy conditions bring risks to your business if someone slips or falls. Try to keep interior floors and walkways clean and dry. Check your parking lots for damage that might’ve been caused by winter storms like potholes. Have proper signage like wet floor signs or be aware of potholes, both outdoors and indoors to prevent accidents with customers. If you want to prevent any of this from happening at your business, make sure you have Business Liability Insurance that covers injury or property damage to people or property.
A thorough assessment of risks along with comprehensive insurance coverage will allow you to focus on the growth and success of your business during the spring season. For more information about business insurance, contact our office at 413-464-9390 or info@pearsonwallace.com. We are here to help you get a personalized business insurance policy that will align with not only your springtime needs but your year round needs as well!
Source: 6 Tips to Protect Your Business from Spring Insurance Claims (co-opinsurance.com)