Preparing for Fall: Key Commercial Insurance Insights

As the leaves turn and the air chills, Fall offers an ideal opportunity for agents to reconnect with their insureds. This seasonal pivot not only signals changes in operations but also introduces new liability risks, making it an opportune time to reinforce client relationships and prevent potential coverage gaps.

Property Coverage for Weather-Related Risks

Fall can bring unpredictable weather patterns, including heavy rains and strong winds. Agents should encourage their clients to review their property coverage, ensuring adequate protection for roofs, wind damage, flooding, and business personal property. Discussing these risks and adjusting coverages accordingly can help safeguard assets during this tumultuous season.

General Liability and Premises Liability

The season of fallen leaves and shorter days heightens the risk of slip-and-fall accidents. Make sure your clients understand the importance of general and premises liability coverage to manage these potential incidents. Highlight how amended policies can prevent financial strain from such claims.

Business Interruption Insurance

Fall storms and unpredictable weather can disrupt operations. It's essential to talk about business interruption insurance that covers income losses due to storm closures, power outages, or disruptions from vendors. This ensures businesses remain financially stable through possible downtimes.

Commercial Auto Insurance for Seasonal Hazards

Fog, slick roads, and early nightfalls can challenge drivers. Encourage clients to reassess their commercial auto insurance policies, paying attention to coverage that adequately reflects these specific seasonal driving risks that could impact fleet and delivery vehicles.

Workers’ Compensation for Seasonal Injuries

Increased foot traffic and cold weather increase the risk of workplace injuries. Discuss workers’ compensation to address potential injuries related to the seasonal stocking of inventory and other activities intensified by the holiday season.

Fire Prevention and Coverage

As heaters and fireplaces come into regular use, the risk of fire incidents rises. Ensure clients have comprehensive fire prevention plans and insurance coverage that reflects the increased usage of heating systems.

Agritainment and Special Event Liability

Fall is synonymous with events like hayrides and corn mazes. These activities introduce unique risks, making specialized liability coverage crucial for businesses hosting such events.

Umbrella and Excess Liability Coverage

For businesses experiencing an uptick in foot traffic, such as those in retail or hospitality sectors, expanding liability limits is advisable. Discussing the merits of umbrella and excess liability coverage could provide the necessary additional protection.

Using this coverage checklist in your fall outreach can fortify your client relationships, lead to stronger policy renewals, better retention, and fewer surprises when claim season arrives. Get ahead of the season to stay ahead with your clients.