Learn the common claims that might give your business insurance in Astoria, New York a workout.
If you own a business, then you most likely have some type of insurance protection in place. However, most business owners fall into the trap of believing that insurance is only for extraordinary events. Unfortunately, workplace losses occur much more frequently that business owners anticipate. Here are some of the most common issues that have business owners calling their business insurance in Astoria, New York.
1) Burglary and Theft
20% of business insurance claims are due to burglary or theft. These crimes could be carried out by employees or outsiders. Burglary and theft claims can result from stolen merchandise, business equipment, store funds, etc.
2) Water and Freezing Damage
15% of claims are due to water and freezing damage. Roof damage from snow and ice and damage caused by frozen pipes are common issues.
3) Wind and Hail Damage
15% of business insurance claims involve the damage caused by these stormy weather conditions.
4) Fire Damage
10% of claims are the result of fire damage. Unfortunately, many businesses overlook the intense destruction even a small fire can cause.
5) Customer Slips and Falls
10% of business insurance claims are the result of a customer falling on business property and injuring themselves. While any business can incur this kind of loss, your company might be more vulnerable if your business has members of the public regularly visit your work site.
Avoid these commonly filed insurance claims to keep your business safe. Another way to protect your small business is to have the right coverage for all these risks. If you’re looking for business insurance in Astoria, New York, then turn to the professionals at 01 Insurance. Our dedicated team is ready to assist you with all your insurance needs. Contact us to get started today!