Many commercial insurance policies are not as comprehensive as some clients need them to be. The professional agents at Compass Insurance understand the complexities that can come with obtaining the appropriate policy for business entities in the greater Centennial, CO area. Business interruption insurance often goes overlooked, and is not thought about until it is too late. Don’t let this happen to your business.
Business interruption insurance is helpful in cases where:
- Loss or damage to the firm’s headquarters or other building that prevents the company to operate as normal,
- Destruction of inventory or the means of conveying products to market, and
- Theft of intellectual property or other disruptions to the firm’s products and market knowledge.
Appropriate business interruption insurance can make the difference between weathering a storm and having to fold your business. Additionally, many small business owners utilize personal assets, such as their home, to secure financing for their firms. Do not let an unforeseen situation cause your family to lose their home! Base-level commercial insurance policies may not provide the protection that you would be necessary to overcome many of life’s unforeseen obstacles.
Our agents recommend annual insurance policy reviews in order to determine if your coverage is growing with your business. As businesses grow and change, their insurance needs may also require adjustment. If you are just starting out and are looking for a comprehensive business policy, or you want ot ensure that your current coverage is adequate, the agents at Compass Insurance can provide the guidance you need.
If you are a business owner in the greater Centennial, CO area, the Compass Insurance company is here to help! Business interruption insurance can help give you the peace of mind that comes with knowing that your business will be protected.
Centennial, Colorado is known for its refreshing, outdoor recreational areas that are enhanced by stunning vistas of the nearby Rocky Mountains. However, its rolling hills and ravines can present challenges when natural disasters strike. Throughout the years, Colorado residents have experienced a number of these hazards that include floods, fires, earthquakes, blizzards and even avalanches. Here are the two most likely natural disasters that you’ll face in Centennial, Colorado, and ways to prepare for them.
Most of you have flood insurance, but you’ve perhaps forgotten the specifics of your policy. Now is the time to go over your paperwork and contact your Compass Insurance Group agent if you have any questions about gaps in coverage for your home or commercial property. Some things that may not be covered by your basic flood insurance policy are:
Finished basement furnishings and fixtures
Valuable paperwork that you could’ve protected
Mold damage that you could’ve prevented
For those of you who are waiting for an alarming weather forecast before obtaining flood insurance, be aware that your property will not be covered until 30 days after you obtain the policy. Now is the time to protect your real estate investment from flood damage.
The personal safety of you, family members and colleagues should be of primary importance when it comes to wildfire disaster preparation. You want to have designated evacuation routes and meeting spots identified ahead of time. It’s best to conduct evacuation drills with your family or co-workers periodically to keep them ready for actual incidents. Create emergency supply kits that you can take with you if you need to evacuate quickly. Here are some things that your kit should include:
Three-day supply of potable water and non-perishable food
Change of clothing
Hygiene and sanitation items
Copies of valuable paperwork
battery operated radio
Natural disasters usually represent trying times for everyone. However, doing some upfront planning can ensure that you keep your sanity and more of your money intact. Call your Compass Insurance Group agent to find out the best ways to insure your home or commercial property against flood and fire hazards.