The right sort of Colorado insurance can play a major role in how quickly a business recovers from a disaster. Should your property be extensively damaged by a fire, the cost of repairs could be exorbitant. The right coverage could help cover these costs, as well as compensate you for other expenses that could arise.

Liability

During renovations, your property could boast an increased amount of hazards. From debris sprawled across the floor to heavy machinery left unsupervised. Even if your business is closed to the public, trespassers who get injured on the premises could cause a lot of financial trouble for you.

Loss of Use

Sometimes repairs are so extensive that your business has to close its doors temporarily. Despite having a break in your income flow, you could still be responsible for certain bills, such as rent, utilities, and employee pay.

Crime

Criminals often target construction sites because of the lack of security. Thieves could steal tools left behind after the day’s work, inventory stored on the premises, and anything else left unguarded on the premises. Vandals could damage or destroy the building, causing delays in completion.

Without these three essential types of coverage, your business could be set to lose even more money as repairs are being done. Do not allow your business to be financially vulnerable. Talk to an agent about Colorado insurance now.

*