Keeping Your Business Safe From An Explosion

Business insurance concept

Explosion Coverage

While you may never think that you have to deal with an explosion at your business, there is always a risk. Explosions can easily destroy not only your property, but also all of your business assets that are kept inside. Knowing what insurance policies to turn to after and explosion will help to ensure that you have the coverage that you deserve after a complete loss.

After an explosion, there are four main types of insurance policies that you should look to for coverage, including:

  • Property insurance – which will most likely provide coverage to replace any of your company’s equipment.
  • General liability insurance – which will provide coverage if your business is sued for any injuries that third parties incurred due to the explosion. Keep in mind that typical small business general liability insurance policies may not be able to provide enough coverage for a deadly explosion, so ask your insurance agent if you need to invest in additional coverage.
  • Business interruption insurance – which will cover the ongoing expenses that your business still has to take care of, such as loan payments, taxes, and payroll while your business is being rebuilt.
  • Extra expense insurance – which is most commonly added to a business interruption insurance policy and will cover certain costs that will help to get your business up and running in a timely manner.

Since an explosion is one of the most destructive events that can happen at your business, it is important to take the time to talk with your insurance agent to ensure that you are able to find the right amount of coverage. Contact the insurance professionals at Desert Empire Insurance in Palm Desert, California for all of your commercial insurance needs to keep your business safe from any disaster.