Is your business covered for water damage and other unexpected events?

Whether it’s a burst pipe, sewer backup or flooding caused by a severe storm, water-related damage can bring your business to a halt and result in significant repair costs. That’s why having the right insurance coverage is essential. Having a personalized commercial insurance policy is a priority, and including specialized add-ons, such as sewer backup, equipment breakdown and business interruption coverage, can round out your policy to provide even more protection for your livelihood.

Your broker will tell you all about the optional insurance available described in more detail below, to ensure you have the right coverage in place.

Sewer backup insurance

When too much water enters a main drainage system, such as a city sewer system, this can cause flooding into commercial buildings and homes. This flooding poses a health risk if the water contains raw sewage. That’s why purchasing sewer backup insurance is recommended, as this coverage helps restore, repair and replace the property and any belongings damaged in this type of incident.

Business interruption insurance

Will you be prepared financially if your business is forced to shut down unexpectedly? Business interruption insurance is an optional coverage that provides financial support in the event that your business must close due to a covered incident, like a sewer backup or fire. The coverage can be used toward lost income as well as wages, rent and taxes until your business is up and running again.

Equipment breakdown insurance

From conveyor belts to refrigeration units, your small business may rely on specialized equipment worth thousands of dollars. If your equipment breaks down suddenly as a result of mechanical or electrical failure, equipment breakdown coverage can help by providing coverage for repairs, replacement and potentially, business interruption as well. It can also cover spoilage of inventory. Talk to your broker about equipment breakdown coverage that can be tailored to meet the specific needs of your business.

What to do in the event of a claim

It’s important to contact your broker as quickly as possible to report your loss and confirm your coverage. Provide as many details as possible - both the triggering event and any damage to your business, whether physical or financial.

Depending on the nature of the loss, you may need to provide inventory numbers, financial records, employee information and a property appraisal. It’s also helpful to provide receipts and photographs for any lost or damaged items. Learn more about the commercial claims process at BrokerLink.

Contact BrokerLink to ask about optional coverage that could help your business

Contact us by phone, online or visit us in person at your local branch.

We can also answer your questions about how to improve employee well-being, small business health equity, how to make small businesses more accessible and more!