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Fire & Water - Cleanup & Restoration

Do I Need Fire Insurance for my Commercial Building?

5/26/2022 (Permalink)

Warehouse Fire Inside Cleanup and restoration can be completed quickly for businesses with fire insurance because the costs are primarily covered by the insurance company.

Is Fire Insurance Required For My Commercial Building?

While a mortage company will most likely require a business to carry fire insurance, once a property is free of any liens, the business owner may or may not choose to continue to carry coverage. Yet, in Graham, WA, it is in the best interest of all businesses to have fire insurance in addition to other types of business insurance. 

Risks Associated With Not Having Fire Insurance
Fires remain one of the most common types of disasters businesses experience. They can also create devastating damage that can be hard to overcome without insurance. 

Fire insurance protects a business in several ways:

  • It covers costs associated with smoke cleanup.
  • It covers repairs for structural damages.
  • It covers repairs associated with fire suppression materials. 
  • It may also cover any fees charged for fire-fighting services. 

How Do Businesses Recover From Fire?

Once a fire has occurred, many structures are uninhabitable until fire restoration takes place. It is the job of the restoration company to assess the damage, take action to prevent further damage, and finally, restore the structure to its former state, which is hospitable to the work that takes place within the structure. 

For businesses that have fire insurance in their policies, the cleanup and restoration can happen quite speedily due to the expenses being mostly covered through the insurance company. The insurance company and restoration company work together to ensure that business can resume as quickly as possible.

For a business without insurance, the recovery process can be more painful to the business, assuming it has the capital to make recovery possible. Unfortunately, for many businesses, this type of disaster was not in the short-term budget. 

Nobody plans to experience disasters such as fires; they simply happen and at the most inopportune times. Keeping an updated insurance policy that includes fire insurance will ensure business operations can continue despite the inconveniences of fire damage. 

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