Commercial insurance can help provide the financial protection that business owners in Milford CT need to ensure their doors stay open. Whether a policy will cover broken windows depends on several things.
Type of Policy
There are various types of commercial insurance available, with each one covering a specific circumstance. Liability policies provide protection against lawsuits. Workers’ compensation policies provide protection if an employee is injured on the job.
Property insurance can cover the building’s structure and may extend to the parking lot or the contents inside the building. This isn’t usually required by law, so it may not be included in a standard business policy. It’s important to speak with an agent at White Oak Insurance LLC to make sure you have coverage for your building.
Covered Event
Every policy has a list of covered and excluded events. Most natural disasters, theft, and wind damage are often covered. Intentional damage from the owner or an employee is often excluded.
However, these vary by company. Some policies specifically exclude vandalism, so it may not provide coverage if that’s the cause. Others may exclude certain natural disasters. Always read the fine print on your policy to understand what is covered.
Vacant Properties
Many policies exclude vacant properties from certain coverage. This is because vacant properties are at an increased risk of vandalism, including broken windows. It’s important to speak with an agent if you have a policy on a property that will be vacant to determine whether this will impact your coverage.
Representatives here at White Oak Insurance LLC can help you learn more about your coverage, including whether it covers broken windows. Contact us today to learn more! We’re currently serving the Milford CT area.
