The current trend of natural disasters is a constant reminder of the need for insurance protection for both your home and business. As a small business owner, it’s important you take measures to protect your company from any eventuality. Here are a few ways you can protect your enterprise against natural disasters.
Get the Right Insurance Coverage
By assessing the risks to your Clovis, NM business, you can obtain personalized business insurance coverage to suit your company’s needs.
Property insurance, for example, will cover damage to your building, business equipment and inventory from such perils as fire, wind, hail and other natural calamities. By customizing your policy, you can also protect your property against flooding.
If a disaster causes your business to close temporarily, business interruption coverage can replace lost income while your building undergoes repairs. Business interruption can also help cover lost wages for your employees and the cost of renting another location until repairs to your property are made. Integrating this coverage into your business owner’s policy from General Insurance Agency will help protect you against disasters.
Develop a Plan for Handling Disasters
A “disaster plan” will prepare you and your employees by outlining what to do in the event of a disaster. The following details can be part of your plan:
- Designate a contact person for employees to communicate with in the event of a disaster
- Choose an alternate location to work from in case your current place is damaged
- Make an evacuation plan to help employees leave business premises quickly and safely in a disaster
- Select a person to keep clients updated on company affairs after a disaster has struck
Advanced preparation is key to protecting your business from natural disasters. At General Insurance Agency, Clovis, NM, we can provide you with adequate business insurance coverage to suit your company’s needs.