To cover many of the winter storm property insurance exposures not met by named peril insurance policies, businesses can purchase one of the following:
- A “broad form” property policy: covers the basic named perils, and adds coverage for falling objects, weight (of snow, ice, or sleet), water damage (from certain causes) or collapse (from certain causes).
- An “all-risks” policy: covers your business from property damage or loss due to all causes, unless specifically excluded by the policy. Typical exclusions include nuclear hazard, war and military action, earth movement, flood, wear and tear, and more.
- A “business owner’s “policy (BOP): offers a package of coverages for the typical small to mid-sized business’s needs. These include property coverage, business income coverage, general liability coverage, and coverage for vehicles that you borrow or rent for business purposes.
To obtain these broader coverages for your insurance program, please either call or email Barker Phillips Jackson at: 417-887-3550 or email@example.com.