Running a small business is a labor of love, but it is not without unexpected challenges that have the potential to threaten your progress. Hazard insurance is a protective shield that every small business owner should embrace.
Hazard insurance, often referred to as business property insurance, is designed to mitigate the financial impact of unforeseen events that could damage or destroy your business. Commercial buildings are subject to the same hazards as homes such as fire, theft, lightning, explosions, and damage caused by vehicles. This type of insurance also covers damage that may be more common to commercial spaces such as water damage from sprinkler systems.
Why Your Small Business Needs Hazard Insurance
- Asset Protection: Hazard insurance covers your valuable assets in the case of damage or loss.
- Business Continuity: Hazard insurance provides the necessary financial support that is needed to continue operations while repairs are being made.
- Liability Coverage: This helps protect your business from legal claims due to property damage or injuries on your premises.
- Risk Management: Hazard insurance is a proactive step towards protecting your business from potential setbacks.
Our partners at Nationwide understand that hazard insurance is more than a safety net – it’s an investment into the future of your business.
With more than 55 agents and 60 locations across the state of Montana and northern Idaho, Summit States Agency Group is equipped to guide you in important insurance decisions to protect what matters most to you. To find your local agent, click here.