Commercial property coverage can help in the following ways:

• Aid in Recovery After a Loss - Whether your business suffers winter storms, fire, hail, tornados, water damage, or any other type of loss, the quickness at with your company gets back up and running can mean all the difference in its long-term recovery. Minimizing downtime is critical for maintaining business continuity and keeping customer relationships.
• Replace Damaged Building & Contents - A damaged building or equipment, furnishings, material goods, supplies, and product inventory need to not only be replaced in order for you to maintain your operation, but they need to be replaced quickly.
• Relief From Lost Business Income and Extraordinary Recovery Costs - During any downtime, your business may not be making any income. Even if you do make money while recovering, there may be extraordinary costs to keep your operation running.

Equipment Breakdown Coverage

The equipment breakdown endorsement is specialized coverage for those who have commercial property insurance. The endorsement pays for the cost to repair or replace most pressure, electrical or mechanical equipment that breaks down. Additional coverages are also included. Talk to us about how this endorsement can work for you!

One of the goals of Reno Insurance Agency is to deliver high-quality products and services to all of our customers. This is one reason we offer equipment breakdown coverage for both business owner packages and commercial property policies. The equipment breakdown endorsement adds coverage for the perils of mechanical, electrical, and pressure equipment breakdown. These breakdowns are excluded from coverage in the standard policy. Equipment breakdown losses can be very costly and can cause significant hardship for a business.

Ask us about equipment breakdown coverage to add this specialized coverage to your commercial property or business owner package policy.

Protect your business with the correct commercial property coverages. Contact our agency today!

Why Business Income or Business Interruption Insurance?

In the event of a loss to your property, you may suffer a large business income or business interruption claim. In many instances, the business income loss can exceed the direct loss to the building, equipment, or contents. Imagine a suspension of operation at your business that would inhibit your ability to earn income. Could you still afford to pay your rent, your employees, or your utilities? 40% of businesses do not re-open their doors after a loss and another 25% fail in the first year after a major mishap. Don’t let your business become one of these statistics.

Most businesses don’t have the liquid capital to support an extended outage or reduction in normal operations and may fail as a result. You can help avoid this by discussing your sales, expenses, and revenue with people in our agency. Together, we can formulate a plan and select the appropriate business income coverage to meet your needs.

Make sure your risk management strategy includes appropriate insurance products for all your exposures, including business income.

Seeking help to evaluate if your risk management strategy is adequate? Reno Insurance Agency of Dayton, Ohio can help! Call us today at 937-388-8046.