Summer is a busy season for many small businesses, and with that activity comes added exposure to risk. Whether you’re dealing with higher foot traffic, extreme weather, or staffing changes, now is a smart time to check in on your insurance coverage.
Here are a few common summer-related risks and what to review:
1. Storms and Property Damage
Severe thunderstorms, hail, and high winds are all common in summer and can cause costly damage to buildings, signage, and outdoor equipment.
What to check:
Review your commercial property policy. Are your limits high enough to cover a total loss? Have you added or updated any structures recently that need to be included?
2. Business Interruption
Power outages or storm damage could force you to close temporarily. Business interruption insurance helps replace lost income during covered disruptions.
What to check:
Make sure your policy includes business income coverage and consider how long your business could afford to be down without it.
3. Liability from Events or Increased Traffic
Summer often brings more people through the door—customers, clients, or vendors. If you’re hosting events or see increased foot traffic, your general liability exposure goes up.
What to check:
Confirm that your liability limits are appropriate and ask your agent if you need special event coverage for anything planned off-site.
4. Seasonal Hires or Part-Time Staff
If you bring on extra hands in the summer, don’t forget the insurance implications. Workers’ comp and employment practices liability insurance (EPLI) may need to be updated based on your current team.
What to check:
Ensure new hires are reported to your insurance provider and that your policy reflects your current payroll and employee count.
When was your last insurance review?
Summer is a great time to check in, especially before something unexpected happens.
Call us at 800-637-4676 or email info@profinsprog.com—we’re happy to help you go over your coverage.