When Can You Claim Commercial Insurance?

Running a successful business isn’t an easy task. Every business owner in Arlington, TX understands the fact that every venture faces myriad challenges and the worst can happens when a disaster strikes. This is the primary reason why you need a commercial insurance policy from Strack Insurance Services to protect your company from the unforeseen risks.

However, only a small number percentage of small business owners file commercial insurance claims every year. One of the top reasons as to why insurance companies tend to receive fewer claims is that some people don’t know when to claim their commercial insurance. So, when should you claim your commercial insurance?

Whenever There Is Business property Damage

When a disaster such as a storm or fire strikes and damages your expensive equipment, then you should file a commercial insurance claim for compensation. The business property coverage offers comprehensive protection to your business building and everything that is inside it.

After all, isn’t that the primary reason why you are paying your insurance premiums? A disaster can strike any time, and all that you have to do is to document evidence of what has been damaged in the incident and forward the information plus all the proof to your insurance service provider.

When Your Business Is Sued

The law requires every business in Arlington, TX to carry basic liability coverage, and that is what you will need when your business is sued. You need to remember the fact that an accident can occur at your business premises and you will be required to settle the hospital bill of the person involved in the accident.

The victim may also choose to file a lawsuit against your business compelling it to pay for the injuries sustained and the emotional pain and suffering. Be sure to file a claim when you find yourself in such a situation since your liability coverage is meant to protect you from expensive lawsuits.

Are you a business owner in Texas and the surrounding areas? Contact Strack Insurance Services today for your commercial insurance policy.