When it comes to problems that could interrupt your business, few are as potentially harmful as a hurricane. Everyone in Hawaii should consider hurricane insurance in addition to the coverage that you already have. Depending on the type of Property policy you have, the reality is that many insurers exclude physical damage caused by hurricanes, as well as the loss of business income that accompany this event. In order to protect your business for the long term, be sure to evaluate the benefits that hurricane insurance can bring.
What Our Business Hurricane Insurance Protects
Hurricane insurance’s primary use is to safeguard your business against physical damage of your building sustained in a hurricane. From winds that can shear pieces off of your facility to flying debris that may break windows and more, your hurricane insurance serves to supplement your property insurance when it comes to repairs.
Understanding Common Gaps In Coverage
One of the most common misunderstandings about hurricane insurance—or even commercial property insurance—is that it includes protections against flooding. Almost all the time, this is not true, and business owners can find themselves on the hook for a massive bill if they made decisions based on the belief that flood damage would be covered. Hence, we often assist our clients in evaluating Hurricane and Flood Insurance, simultaneously, so you may make apt business decisions.
From a damaged building that cannot see workers safely return for some time to a loss of power or utilities that prevent operations from resuming as normal, a hurricane will often disrupt business for a long time after it has dissipated. The resulting loss of business income can also be protected against by Hurricane (and/or Flood) insurance.
Trust The Pros To Provide Robust Hurricane Coverage
The best choice is to evaluate where your business is located and how it is generally affected by hurricanes to decide which types of coverage are right for you. A hurricane insurance policy is a solid place to start, but if your facility is at risk of flooding or being knocked out of commission for some time following a storm, additional riders or gap coverage may also be necessary.
Atlas Insurance is one of the top insurance agencies in America, offering competitive products that are customized to your needs. Reach out by calling us at (800) 400-6680 or by requesting a quote online to learn more.