INSURICA Healthcare Times
Keeping you ahead of the risks and challenges unique to your industry.
Spring 2023
“Data analytics firm Verisk’s 2021 Hail Hazard and Its Impact on Property Insurance report found that 6.2 million properties in the United States experienced one or more damaging hail events in 2020, resulting in almost $14.2 billion in losses.
Protecting Commercial Property Against Hail
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Protecting Commercial Property Against Hail
Hailstorms can be swift and destructive, damaging buildings, outdoor equipment and vehicles in a matter of minutes. For commercial property owners, hail damage can result in destroyed property, costly repairs, business disruptions and lost revenue.
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Sprinkler System Failures
When it operates correctly, your commercial property’s sprinkler system can play a vital role in suppressing a fire. According to a recent report from the National Fire Protection Association (NFPA), in fire incidents substantial enough to require assistance from a sprinkler system, these systems activated 92% of the time.
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Navigating Commercial Property Claims
In the event of a catastrophic commercial property loss, the process of getting your business back up and running can be overwhelming. Although infrequent, these types of claims can severely impact operations, earnings, team members and the company’s reputation.