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Three Business Insurance Coverages to Consider in Winter

Insurance is important all year round. Different seasons bring different risks, so having the right coverage is important at any time of the year. This can be especially true in the winter. As the temperature drops, certain risks can become more prevalent. Winter can bring storms, icy walkways, and sometimes harsher road conditions. It is important to be prepared for these risks, both through preventative measures and with the appropriate insurance coverage. Continue reading to learn more about the three coverages to consider for your business this season.Commercial Property Insurance When the word “winter” is mentioned, it is hard not to think about storms. Lower temperatures and frost are practically a guarantee. While the cool, dry air can provide relief from the heat of summer and fall, it can also lead to some not so great things like property damage. Flooding is also a particular concern in the winter, as most of the precipitation is stored as snow or ice on the ground, and once the weather warms in the spring or during sudden winter thaws, huge quantities of water are released. In order to help protect your business from unexpected damage that these events can cause, commercial property insurance is vital. The coverage can help protect physical assets such as equipment, buildings, inventory, and third-party property. It can also help you replace stolen tools, cover some other costs associated with theft, and sometimes even reimburse you for the cost of renting tools in the meantime.Commercial General Liability Insurance You should be prepared for people injuring themselves on your business’ premises at any time of the year, but the chances of someone slipping, tripping, or falling on your property are even higher when winter hits and surfaces become icier. There are some steps that can be taken to help prevent any injuries, including regularly checking the parking lot for ice, using salt to clear paths of ice, using skid-resistant mats, and using “wet floor” signs when needed. It’s important that all maintenance activities are documented in a log book, so there is a record of all precautions taken if a claim is brought forward. Documentation also serves to help employees behave as procedure dictates.Business owners should also remove any snow or ice that has accumulated on roofs of buildings, especially above entry ways and sidewalks as it can be dangerous to people below. Retention bars (especially on metal roofs) can be installed to prevent snow and ice from falling. But even after taking numerous steps to prevent injuries, someone could still get hurt and you may be held liable for that. That’s where commercial general liability insurance, or CGL for short, comes in. CGL insurance is the foundation of any liability program for business owners and is designed to protect you if you are found legally liable for bodily injury or property damage to a third party.Commercial Auto Insurance Just as people may slip or trip when it is icy outside, losing control of your car becomes a pressing concern in winter conditions. You also cannot control how others will handle driving in these conditions once they are behind the wheel, and you may find yourself in an accident as a result. That’s why commercial auto insurance is so important. Standard commercial auto insurance can cover loading and unloading liability and replacement car coverage if you have to rent a temporary car for day-to-day operations after an accident.While these policies are a good place to start, they may not be entirely sufficient, depending on the industry you work in and your business’ specific operations. If you want to learn more, give our team at Demont Insurance Agency a call today! We will get you started with a free quote for different coverages and allow our experienced team to evaluate your business in order to make the right recommendations.

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The above description(s) provide(s) a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.