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If a tree falls after a storm and hits your office building, is the damage covered by your business insurance? The answer? Well, it depends (on your policy).
Here are three things to know about business insurance and toppled trees.
1. Coverage details
You’re covered for the removal of the fallen trees and related damages if your policy specifically covers and lists your building and other property, such as fences, freestanding signs and outbuildings. This includes trees felled by a windstorm, lightning, hail or from the weight of ice, snow or sleet; but it doesn’t cover diseased or dead trees.
What if the tree lands on your work vehicle? If comprehensive coverage is purchased for your business vehicles, damage from fallen trees would be covered.
2. Where the tree falls is key
Where a tree falls is generally more important to an insurance company than its owner. So if the neighbor’s tree lands on your business property, you would file a claim with your insurance company.… Read More
Three Things to Know about Fallen Trees and Business Insurance
If a tree falls after a storm and hits your office building, is the damage covered by your business insurance? The answer? Well, it depends (on your policy).
Here are three things to know about business insurance and toppled trees.
1. Coverage details
You’re covered for the removal of the fallen trees and related damages if your policy specifically covers and lists your building and other property, such as fences, freestanding signs and outbuildings. This includes trees felled by a windstorm, lightning, hail or from the weight of ice, snow or sleet; but it doesn’t cover diseased or dead trees.
What if the tree lands on your work vehicle? If comprehensive coverage is purchased for your business vehicles, damage from fallen trees would be covered.
2. Where the tree falls is key
Where a tree falls is generally more important to an insurance company than its owner. So if the neighbor’s tree lands on your business property, you would file a claim with your insurance company.… Read More