Call Us Today For A Free Quote | 925.737.1560
JSW Insurance Associates Providing you the protection you deserve
 

Commercial property insurance claims can be very expensive. When it comes to filing a claim against your business insurance, don't avoid doing so if necessary. But you also want to be sure you take every step possible to reduce the risks of filing such a claim. What are the most common claims filed against commercial property insurance policies?

Burglary and Theft

In a survey conducted by the Hartford, about 20 percent of small business owners filed a claim for burglary and theft in the previous five years. While it is one of the most common types of claims filed against business insurance, it is also one of the lowest in terms of cost. On average, the survey found that these claims amounted to an average of $8,000.

Water and Freezing Damage

Water and freezing damage is also a frequent claim. About 15 percent of small business owners filed a claim against their policy for this type of damage. The average claim was $17,000.

Wind and Hail Damage

You may have filed a claim for wind and hail damage if you work in an area near a storm's path. Most commonly, these types of claims are higher in years where storms are more frequent, and can range significantly in price. In the previous five years, about 15 percent of small business owners filed a claim for this type of loss. The average cost was $26,000.

Fire

Fire is a large risk to any structure. It is also a claim about 10 percent of small business owners have filed in the previous five years. Fire losses can range widely in terms of value. However, on average, the survey found that these claims cost $35,000.

Wet floor slipCustomer Slips and Falls

Hard to prevent and very hard to fight, customer slip and fall accidents occurred in about 10 percent of small businesses in the five-year period of the study. These claims, though you may think are low in value, actually have a hefty price. On average, they led to claims of about $20,000.

When you take a look at your business insurance policy, you may be second guessing how much coverage you have. Be sure your commercial property insurance value is high enough to reduce these types of risks.

We’ve got you covered. Call JSW Insurance at (925) 737-1560 for more information on the Bay Area commercial property insurance.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Instant Quote
Referrals
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
Trade Associations
JSW Insurance is proud to be a member of several important associations.
From Our Blog From Our Customers
Read More Read More
Facebook Twitter LinkedIn Google+ RSS Blog Feed YouTube
Stay In Touch With Us Helpful Site Links Contact JSW Insurance
Sign up now to receive news and updates Main Office
7567 Amador Valley Blvd Suite 211
Dublin, CA 94568
Phone: 925.737.1560
Fax: 925.737.1567

Mailing Address
P.O. Box 2516
Dublin, CA 94568 
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder