We would all like our insurance plans to cover us against all the possible risks, but this is not always the case. All insurance policies have limitations and exclusions that you need to understand to avoid surprises when filing a claim. At Hyman Brown Insurance Agency Inc. in Commerce, GA, we are here to help you understand the ins and outs of your commercial insurance coverage. Today, we cover the common exclusions for your commercial insurance.
Floods
Any damage by floods isn’t covered by your typical business insurance. However, you can purchase stand-alone insurance from the NFIP or private carriers if you live in a flood-risk zone.
Earth movement
Your conventional commercial insurance plan doesn’t cover earthquakes and sinkholes. However, you can purchase "riders" or "add-ons" to cover your business against such risks.
Machine breakdown
Machines are bound to break at some point in time. Insurance companies don’t view this as a risk since it will happen anyway. That said, your typical commercial insurance doesn’t cover normal wear and tear and typical machine breakdowns.
Personal vehicle used for commercial use
Have you converted your vehicle for commercial purposes? No problem. All you need to do is convert your standard auto insurance into commercial auto insurance. Otherwise, your claims are likely to be dishonored.
Intentional damage or criminal acts
If you intentionally cause property damage or self-injury, your insurer will void any claim you try to make. Similarly, any damage or losses resulting from criminal acts, including fraud, will be voided by your insurer.
Government actions
Typical business insurance doesn’t cover losses and damages arising from government actions like nuclear hazards and military actions.
Your trusted Commerce, GA insurance agent
Need to learn more about commercial insurance? Need to purchase commercial insurance in Commerce, GA? Please choose Hyman Brown Insurance Agency Inc. for all your commercial insurance needs.