Call Us Today: 216.766.6300 ☰ ˟
Busha-Okeson Insurance
Call Us Today: 216.766.6300
  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Builders Risk
      • Employment Practices Liability Insurance Quote Form
      • Technology Insurance Quote Form
    • Cyber Liability Insurance
    • Dental
    • Flood
    • Health
    • Homeowners
    • Life
    • Limousine
    • Motorcycle
    • Non Profit Insurance
    • Recreational Vehicle
    • Renters
    • Specialty Automobile
    • Trucking
    • Vision
    • Watercraft & Boat
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Request Declaration and Coverages Page for Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Request Declaration and Coverages Page for Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Health
    • HomeownersImage of right arrow
      • Request Declaration and Coverages for Existing Homeowners Insurance Coverage
      • Request Evidence of Insurance
    • Life
    • Other
    • Renters
  • Blog
  • Resources
    • Refer a Friend
    • Insurance Glossary
  • About Us
    • About Busha-Okeson Insurance
    • Location Map
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
Home > Blog > Commercial Property Insurance Claims For Fires
WEDNESDAY, JUNE 19, 2019

Commercial Property Insurance Claims For Fires

Office Equipment On Fire

As a business owner, it's essential that you protect your property. Whether you buy inventory or you have high-end equipment in your shop, you need comprehensive commercial property insurance in place.

This coverage provides protection from a wide range of risk factors — including fire. While fire protection is common, you also need to think about prevention. Here's you should know about insurance coverage for fires.

When Does Insurance Cover Fire Damage?

A standard commercial property insurance policy generally provides you with fire protection. It should cover fire damage related to:

  • Your building's structure
  • The contents of your building, such as your inventory
  • Any furnishings within the building
  • Equipment in the building
  • Any other items related to the business
  • Signage attached to the building

Yet, there are caveats.

For one thing, it is important to learn the cause of the fire. Policies like this only cover accidental and unavoidable losses. They also don't cover fires set intentionally.

For this reason, it is very important to keep equipment in good working order, and always perform regular fire inspections throughout the business.

Your policy may also include business interruption coverage. Verify this with your Busha-Okeson Insurance agent. If available, this may help cover the cost to move your business. It can also pay for the lost revenue you would have if the business was operating and open. If the business' damage is significant or will take time to repair, this policy may help you pay your bills — including your employees' salaries. Coverage will therefore help you reopen without suffering severe setbacks.

Prevention Is Vital

In every situation, having ample coverage is important. However, preventing a fire carries a higher level of importance.

Work closely with your Busha-Okeson Insurance agent to pinpoint any areas of risk. In addition, you want to be sure you are taking steps to meet all building codes associated with fire prevention.

  • Be sure you have working fire extinguishers and sprinkler systems in place.
  • Ensure you have a local company check your hood systems and fire extinguishers for functionality at least once a year.
  • Keep up on all maintenance tasks related to fire risks. This includes maintaining electrical systems, keeping cooking systems clean, and minimizing any risk of heat-related fires. Store chemicals properly, too.

Commercial property insurance claims for fire are common. However, they can raise your costs if you file multiple claims. To avoid this, implement fire safety protocols. It can help save your company money on insurance costs and keep your business operational for years to come.

Contact Us

Posted 12:00 PM

Tags: business insurance, commercial property insurance, busha-okeson insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019

  • busha-okeson insurance(10)
  • car insurance(3)
  • home insurance(3)
  • business insurance(3)
  • auto insurance(3)
  • general liability insurance(2)
  • boat insurance(1)
  • commercial property insurance(1)
  • bop(1)
  • flood insurance(1)

View Mobile Version
Safeco
Liberty Mutual
Travelers
The Hartford
Western Reserve
Motorist Mutual
Progressive
Grange
Home| Get A Quote| Customer Service| Claims| About Us| Contact

Busha-Okeson Insurance

23980 Chagrin Blvd, Suite #200 | Beachwood, OH 44122
Phone: 216.766.6300 | Fax: 216.766.6311 | Text: 440.567.3342
Facebook Social Social Social
Busha-Okeson Insurance

Powered by Insurance Website Builder