Insuring Your Business’s Outdoor Areas

Insuring Your Business’s Outdoor Areas

Learn how you can insure your business’s outdoor property.

As a business owner, you know how important it is to protect your business with the proper commercial insurance coverage. When most people think about insurance, they are normally concerned with protecting the commercial spaces and property housed within their building’s walls. However, if your business has outdoor spaces, then it’s important to get coverage for these areas as well. Here’s what you need to know about insuring your business’s outdoor areas.

Know Your Risks

Your business’s outdoor spaces and property face the same risks as the rest of your business. For example, someone could fall, leading to a liability issue; a criminal could steal or vandalize outdoor property, and a storm could cause damage. With these various risks in mind, you can see how important it is to get the right commercial coverages to protect your business’s outdoor spaces.

Getting Coverage

One of the best ways to get coverage for your outdoor areas is with a business owners policy (BOP). This type of commercial policy includes several coverages that will protect your business’s physical building and the property that you keep inside it. Additionally, this coverage will also extend to your business’s outdoor spaces and the property you keep in these areas. For example, a BOP will usually provide coverage for damaged or stolen property within 100-feet of an insured building.

BOPs also include commercial general liability coverage. This type of coverage will protect against the liability issues that may arise inside your company’s building and its outdoor spaces. For instance, if a customer trips and injures themselves in your business’s parking lot, a BOP will cover the injured party’s medical expenses and, if need be, the cost of your legal defense as well.

This is what you need to know about insuring your business’s outdoor areas.  Interested in getting the right coverage for your business?  Then don’t hesitate to contact the experts at East End Insurance Agency in Southold, New York.  Our dedicated team is ready to assist you with all your coverage needs today.

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