What You Should Know about Business Insurance Programs
The year 2020 will go down in the history books as one filled with a crippling pandemic, monstrous natural disasters, and numerous episodes of protests and riots. As a business owner, you understand there are risks in everything you do, yet there’s nothing that can prepare you for the potential of hundreds of people marching down your street in protest. You may agree with their right to voice their opinions and demand change, but if you see some protests turn violent, it’s understandable to become nervous. What happens if your convenience store, restaurant, or plumbing service gets ransacked?
Do what you can to protect your livelihood during times of civil unrest, but remember, the most important thing you can do is keep your employees, customers, and yourself safe. The brokers at The Business Insurance Center are ready to check your existing business insurance program to shore up any areas that may need more coverage. Additionally, we can help you file your claim if your place of business is ransacked,. We’re here for our customers so give us a call.
5 Suggestions to Keep Your Business Protected in Times of Unrest
During times of civil unrest, it’s imperative to keep a level head. As one community news article put it, “Civil unrest can create unique challenges for businesses.” Here is a summary of how you can prepare for potential unrest in your area:
- Stay Informed of Conditions from Local Authorities and News Outlets: Your best source of information should come from reliable sources like your local authorities and news media. Some social media may be okay but you do run the risk of misinformation. You may want to contact your police department for additional tips on how to prepare and what plans they have in place in the event of riots or peaceful protests that get out of hand.
- Inspect Your Business for Potential Vulnerabilities: Now is the time to make sure that the wonky lock on the back door is fixed, or that your security cameras work consistently. You may also want to board up windows and doors if you fear riots will break out in your area.
- Remove Valuable Items from Your Location: Looters will look for valuables. Avoid leaving any in the area by removing those items most valuable to your operations, such as removable equipment, fleet vehicles, and cash.
- Change Your Business Hours: Depending on how things progress, consider adjusting your business hours. It can help keep your customers and employees safer if they are out of the building before nightfall.
- Communicate Evacuation Plans with Your Employees: Things can escalate and spread quickly, leaving you and your team scrambling to get out of the way. Discuss options for evacuating if things get testy and you fear for your safety.
Keep Protected Amid Protests with a Solid Business Insurance Program
Check-in with your insurance broker to review your insurance policies and discuss potential gaps with your coverage. Business insurance programs from The Business Insurance Center are specifically designed to provide the necessary protection for your unique situation. Your broker will assess your existing plan, look for any gaps, and develop a plan for you. Give us a call today!
Request a quote online or call and speak with a knowledgeable broker about business insurance programs. We have a 24/7 call center to serve you and an online Live Chat operator.