Business Insurance
Business insurance covers the structure and contents of your commercial property, lost income during a covered disruption, and liability to others. Policies vary significantly by industry, building type, and location, so it is worth working with an agent who understands your specific risks. Learn more about business insurance options from the Insurance Information Institute.
Build a Stronger Building with FORTIFIED Commercial
One of the most effective ways to reduce your business's exposure to storm damage and keep insurance attainable is to build or retrofit to FORTIFIED Commercial standards. FORTIFIED Commercial provides third-party verified documentation that a building has been constructed or upgraded to withstand higher wind loads, reducing the likelihood of damage and the cost of claims. Many commercial carriers offer premium discounts for FORTIFIED-designated properties. A stronger building also means a faster return to operations after a storm.
Continuity Planning
Having insurance is not the same as having a plan. A business continuity plan outlines how your operation will function during and after disruptions, ranging from hurricanes to power outages to supply chain breakdowns. Without one, even insured businesses can struggle to reopen quickly.
The OFB-EZ (Open for Business-EZ) toolkit from IBHS is a free, ten-module resource that walks small business owners through the process of building a customized continuity plan. It covers:
- Identifying your risks and essential operations
- Employee and key customer contact planning
- Equipment and IT documentation
- Financial preparedness
- Testing and maintaining your plan
The full toolkit is available as a free download in English and Spanish at ibhs.org/BusinessDisasterRecovery.
Have questions about business insurance, FORTIFIED Commercial, or continuity planning? Contact us.