Although summer may mean a boost in sales or customer activity, it could also mean an increase in worker injuries, lost or damaged merchandise, or structural issues to your business. For a large number of businesses, summer can be the riskiest time of the year. Today's Aegis blog post looks at the ways businesses may be at a greater risk during the summer months, ways to minimize risks, and what kinds of Commercial Insurance may be needed.
Theft and Vandalism
Summer months can mean a rise in theft and vandalism, especially for restaurants, retailers, and businesses with commercial vehicles. Vandalism and theft can tick upward because of bored teens out of school looking to get into mischief or criminals searching for items to quickly steal and resell. In the summer, restaurants and retailers may have more items outside that can be stolen, such as outdoor televisions, grills, furniture, and other merchandise.
Worker Injuries and Illness
Another cause of business risk during the summer months is the brutal heat that can make employees ill and cause them to miss work. For example, HVAC Contractors and roofers are at a greater risk for personal injury or illness due to being exposed to the hotter weather or hot conditions in attics and crawlspaces. Companies with employees working outdoors or in hot enclosed spaces for an extended period of time also take a significant financial risk if they do not have Workers Compensation in place.
Finally, weather conditions can play a big role in increasing risk for businesses because of the potential losses they can cause. For example, retailers and restaurants might face a greater risk of ruined materials or merchandise from the summer heat if there's a loss of power, and summer storms or hurricanes can lead to property damages and flooding.
If your business may be at a higher risk for property damage, flooding, theft, injured workers, vandalism, or other kinds of losses, then it's crucial that your company has the Commercial Insurance coverage needed to help when things take a turn for the worst. Aegis Insurance & Financial Services offers a full range of top quality Commercial Insurance policies, including Commercial Property, Commercial Auto, Workers Compensation, Utility Interruption coverage, and Business Income coverage that can offer companies both financial assistance and peace of mind. Contact Aegis today at 713-850-7622 for more information or a free quote!