3 Reasons You Need Fire Insurance Now

1/28/2022 (Permalink)

Commercial fire damage in Madeira, OH.

Three Important Reasons To Invest In Fire Insurance

Fire insurance isn’t often top of mind when running a thriving business, but it should be. Without it, a simple conflagration can spell the end of the Madeira, OH, business you’ve worked so hard to build. Still not quite convinced? Here are some reasons to invest in this important coverage without delay.

According to the National Fire Protection Association, firefighters respond to a blaze in the U.S. every 24 seconds, resulting in billions of dollars in damage. Fires can result in:

• Loss of income
  
• Brand damage
  
• Business closure
  
  

And those are just a few of the immediate threats. Here are a few more reasons why getting a fire insurance policy makes sense.

Because Your Business Is High Risk

Operating a food establishment? This is one of the most obvious places where a fire threat exists, but there are many more. Businesses that require welding or other open flame practices are at risk. Even a salon or religious building can be the victim of bad wiring, so take heed.

Because It Covers More Than Fire

One of the most devastating losses in a fire can be the loss of profits. Most fire coverage providers offer add-ons for business interruption that can help cover everything from staff expenses to temporary relocation. Insurance can also cover things like fire restoration and smoke cleanup to get your business back on track.

Because Fires Are Expensive

While the average cost of a home fire is estimated at $12,000, a single warehouse fire can exceed $100,000. While fire policies don’t typically cover everything, they will absorb the bulk of costs, enabling you to keep more money in your pocket just when you need it.

You’ve put too much work into your business to see it lost or irreparably harmed due to fire damage. Give it the protection it deserves. Contact a fire insurance company today!