There have been many wind and/or hail events throughout the country over the past several years that have decimated business property and inventory.
In some parts of the country, businesses may face higher costs and deductibles for damage caused by wind or hail. It is important to speak with your insurance agent or broker to discuss your options for wind and hail deductibles, as insurance companies vary on what they will offer. For example, some companies set a dollar deductible, while others offer a percentage deductible based on the value of the damaged property at the time of the loss.
In addition to addressing insurance coverage and deductibles, what measures might your business be able to take in order to reduce exposure to damage? Review your disaster plan to make sure you are prepared for storms. If you don’t already have a disaster plan, it’s time to create one!
