Severe weather is unpredictable and can be devastating. Tornadoes, windstorms, severe rain and floods can damage your business.
In many cases, you may very well have to close your business in order to make repairs. If your business is severely damaged, the financial losses can be devastating.
In some cases, businesses are so crippled by severe weather that they may not be able to overcome the losses. Many businesses may fail.
Business insurance can be a valuable help when restoring your business after severe weather.
Severe Weather Protection
Most business insurance policies offer coverage for some forms of severe weather. Severe weather is likely a covered risk in your property damage and comprehensive coverage. Most insurance policies will cover a variety of severe weather damages.
Severe weather is generally considered an unforeseeable event. Thus, your personal liability for damages is somewhat low. Consider assets like inventory and property value when determining how much insurance you need.
However, your policy may not cover all forms of severe weather. Some severe weather phenomena often need separate insurance policies. These can include flood insurance, hail insurance, and hurricane insurance. Companies sell these policies separately from regular business insurance for a variety of reasons.
Risk is one factor that can affect insurance prices and coverage. Sometimes, providers assume a policyholder to assess certain risks when building in areas prone to more predictable weather phenomena.
Predictable phenomena can include floods and hurricanes, and the frequency of severe weather. People know that they are likely to strike certain areas. This makes insuring a business riskier. Therefore, businesses may need to buy additional insurance. 
Wage Protection
A comprehensive business policy will likely help you rebuild. However, it may not cover lost finances while your business is out of operation.
Many insurance providers offer a supplementary form of insurance called income protection insurance, or business interruption insurance. This type of coverage can help you pay wages, rent, taxes and other bills.
The extra money can keep your business afloat while you make repairs. You can devote more of your reserve assets to restoring the business to previous levels.
You should always make sure you talk to your insurance agent about how to best cover your business. If you have questions, we are here to help. Our web site contains a variety of information on business insurance options. Call us today at 770-396-8888.