Whatever type of business you run, it has to be operated from premises of some sort. That may be a factory, warehouse, a house or shed. Any type of property that has a business run from it effectively becomes a commercial property. For this reason, separate commercial property insurance is recommended for if the very worst happens. Imagine having to suddenly replace all your stock or equipment after a fire or flood – a nightmare if uninsured. The winter time brings its own set of perils such as burst pipes with the obvious escape of tons of water all over the place. Years ago after a particularly fierce winter freeze up, our family was directly involved in that our dearest grandmother returned home after a prolonged stay away at Christmas, her pipes had burst and we found everything in her property was floating in 2ft of water – dark freezing mucky water. Favourite photograph albums floating with the rarest of family pics completely ruined. It was heart breaking. That image stays in one’s mind forever.
Another risk in winter – falling trees. The heaviest winds and trauma are generally in autumn and spring. Whenever they are, the result of trees coming down unexpectedly cannot be over emphasised. This is even more problematic if they are on a business premises land and the fall injures someone or their property. Any type of flooding will also need to be covered. Not just that which follows burst pipes. Very often after storms, there can be a period of unsettled land and subsidence. These need experts in geological land issues and the insurance claim will need care in attendance but can definitely help keep things refinanced when needed.
