Business owners understand that Commercial Insurance is vital for protecting company property, structures, vehicles, tools and equipment, employees, and the company at large if disaster strikes. However, Commercial Insurance doesn't just protect your business and assets from disasters that strike during your hours of operation, but also for what happens when you're closed for the evening, holidays, or other times of the week. Our Aegis blog post looks at the three most common causes of commercial property damage when the business is closed.

Fire

Fire is one of the fastest and most dangerous causes of business damages, but they can break out at any time, causing significant losses. For example, if a fire breaks out in your restaurant kitchen during business hours, there's a good chance it will be quickly put out, minimizing damages and injuries. However, if the fire breaks out during the middle of the night, it's likely to burn for a while before anyone notices and calls the fire department. If you have lower coverage amounts for your Commercial Insurance, then you might not get much financial assistance if an overnight fire breaks out and consumes your building, inventory, or tools and equipment.

Water Leaks

When a water leak occurs in a commercial building, it can cause an extensive amount of damages and lengthy closures, even if the leak itself is small. A water leak can damage every part of a building, including the foundation, walls, flooring, furniture, electrical and HVAC systems, equipment, inventory, and vital documents and paperwork. This is especially true if the water leak occurs overnight or during a closure when there is no one to immediately shut off the water or contact a plumber. With the right kind of Commercial Property Insurance, companies can have the financial resources to pay for damages, property replacement, and to help cover losses and expenses is a closure is needed for repairs.

Theft and Vandalism

Finally, many business owners know the frustration of arriving to work only to discover their business was vandalized overnight, or that property was stolen during a burglary. Theft and vandalism can never fully be prevented, but businesses can have an extra form of protection through quality Commercial Insurance to cover losses stemming from theft or vandalism. Without proper protection, companies may have to cover repairs and replacement out of their own pocket.

Business owners can't watch over their business and commercial property 24 hours a day, and even with the most sophisticated security systems in place, losses can still occur. Aegis Insurance & Financial Services is committed to helping businesses of all sizes and industries get the financial protection needed in the event of a loss or disaster, no matter what time of the day it occurs. Aegis offers a full range of top quality Commercial Insurance products and services, all at competitive rates and featuring our outstanding customer service team. Contact Aegis today at 713-850-7622 for more information, or fill out our online form to request a free quote!