It may come as a surprise that your business insurance policies don’t include hazard insurance. However, if you carry a mortgage it was probably required that you have business hazard insurance. Hazard insurance is important for small businesses because it protects them against accidents, such as natural disasters. This type of insurance also provides you with peace of mind and protects your business property. Furthermore, hazard coverage is typically affordable, but higher if you live in an area that is considered high-hazard like coastal areas.

Key Takeaways:

  • Business hazard insurance is great if your city is prone to nature accidents.
  • Having the insurance is a great way to have a peace of mind when you are away.
  • Usually the cost of the business insurance will be cheaper and worth it.

“Business hazard insurance may be included as part of your commercial property insurance.”

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