As the cold seasons arrive, it is important to keep your most valuable assets protected. This, of course, includes your business.
The fall and winter seasons mean big drops in temperatures and potentially freezing rain, hail and snow storms. With the risk of a severe winter storm damaging your business, it is important to take a few key steps to protect your business and assets before the storm hits. The Minnesota Commerce Department suggests keeping important documents stored off-site, such as receipts, photos, insurance policies and more. It is also key to check the physical structure of the building to ensure that parts of it are in good condition, such as roofs, walls and floors. Using rock salt – or "road salt" – on sidewalks and entry ways that have become hazardous is effective at preventing falls due to ice or snow.
If you own the building in which your business is located, property insurance should cover damages caused by storms to the structure of the building or losses to other assets contained within the building. However, if you are leasing or renting the business space, it is the business owner’s responsibility to ensure their personal property and assets are covered with business insurance. Liability insurance is also important to have if an individual slips or falls on your business property due to ice or sleet.
Hanneken Insurance Agency Inc. offers a variety of business insurance solutions to protect your business and assets from damage or loss. Residents of Little Falls, MN should contact an agent to ensure their business insurance is up to date and sufficient to handle the winter weather.