December 20, 2021

Are You Prepared If There’s Another Power Outage: Business Personal Property & Business Interruption

Have you thought about what will happen to your business if there is another major power outage? When there is a power outage, that is a massive disruption to your everyday business. You’re unable to work and attend to customers or clients like you are supposed to.

Did you know that you can get an insurance policy that will protect your business if something like this were to happen again? This is true! You have worked hard to get your business to where it is, and nothing should interrupt that. If something does, you don’t worry about the amount of money you’ll lose or the clients you’re missing out on.

By signing up for two types of insurance policies, you’ll be able to have peace of mind. And when the power does come back on, you can go back to running your business like usual. Learn about Business Personal Property Insurance and Business Interruption Insurance. They are sure to be extremely beneficial to you.

Business Personal Property Insurance and Business Interruption Insurance

Call on Texas Insurance Agency for Business Personal Property and Business Interruption Insurance!

Business Personal Property Insurance 

Depending on the type of business you have, there will be different inventory. This is something that is important to consider when there is a power outage. If the outage affects some of your inventory, this is something that might affect your business altogether.

With Business Personal Property Insurance, the kind of inventory we’re talking about is specific. It refers to any type of office supply that is movable, which is partially everything. If anything in your office is damaged because of this, then you can be protected immediately.

This type of insurance is highly beneficial for businesses in the foodservice industry. When you have fridges and freezers full of products, and there is a power outage, this is sure to affect that. Therefore, this kind of insurance protects all your products.

Don’t think that your industry is left out. You might not have a fridge or freezer, but you surely have office supplies. If any of these are damaged in the event of a power outage, they are protected as well.

Consider all the computers and printers that you have in your office. All of them are plugged in and use electricity. If they break or something, then this is something that you don’t have to think about. In addition, you don’t have to think about paying for what was damaged out of pocket.

Other business personal properties include

  • Office supplies (calculators, pens, staplers, etc.)
  • Computers
  • Electronics (phones & tablets)
  • Machinery
  • Heavy Equipment
  • Furniture & Furnishings
  • Anything that’s moveable (other than your actual business)

Business Interruption Insurance 

This next insurance policy is one that many businesses are unaware of but need to be. Running your company smoothly is already a task on its own; now imagine the power outage happening and not being able to do anything at all.

Business Interruption Insurance is the kind of insurance that you need to give you complete peace of mind in a time like that. It is hard to have to let customers know that you’re temporarily closed. And the reality is that if you have to close, you are losing income for you and your employees.

Take the worry away with this insurance. Replace any income lost with business interruption insurance.  No need to worry or be nervous about closing the office. Because this insurance covers you.

Speak With An Insurance Agent

Prepare your business for another power outage. So, consider getting one or both insurance policies. Speak to an insurance agent at Texas Insurance and sign up for Business Personal Property Insurance and Business Interruption Insurance.

Our Partners

We are pleased to partner with these companies to bring you the best coverage at the lowest rates available.