Insuring Your Business's Outdoor Areas

Jun 07, 2018


Insuring Your Business's Outdoor Areas

Here's what you can do to protect your business's outdoor spaces.

If you are a business owner, then you probably have the right insurance to protect your business's property. Generally, when people get business insurance, they are thinking about protecting their business's interior spaces. But what about insuring your business's outdoor spaces?

Here's what you need to know about business insurance and your outdoor areas.

Know Your Risks

While you might not think about it, your business's outdoor spaces face many risks. For instance, a customer could trip and injure themselves in your parking lot, a thief could steal outdoor property, a storm could cause damage, and so on. This is why it's so important to make sure that you protect your business's outdoor spaces with the right insurance coverage.

Getting Coverage

One of the best ways to insure your business's outdoor areas is by getting a business owners policy (BOP). This type of policy includes several coverages that will help you protect your business's physical building and the property you keep inside it. This coverage also extends to cover outdoor spaces as well. For instance, a BOP will generally provide coverage if business property is damaged or stolen within 100 feet of your company's building. If you are interested in getting more comprehensive coverage for your outdoor spaces, you can always add supplemental coverage to your BOP. In addition to coverage for your business's property, a BOP also includes general liability coverage. While liability insurance normally kicks in when someone injures themselves while inside your business's building, this coverage will extend to cover injuries that occur in your business's outdoor spaces as well. For instance, if a customer trips and falls in your company's parking lot, your BOP will likely cover the cost of their medical treatment and even the expenses associated with a liability lawsuit. This is how you can get the right coverage for your business's outdoor spaces.

Are you looking for assistance with your business's insurance? Then don't hesitate to contact the experts at John E. Peakes Insurance Agency. Our dedicated team is ready to get you the coverage that you need today.