What are the Most Common Insurance Claims in the Fall?

With the changing of seasons on the horizon, we thought it would be helpful to point out the most common insurance claims in the fall months to prepare for. Each season brings up new risks and hazards, and if business owners are proactive, they can save money and time in the long run. 

Here are the most common insurance claims in the fall months: 

• Water Damage – Did you know that water damage is the most common type of loss reported? (Xactware) Damage to business buildings from rain or frozen pipes occurs the most during the fall and winter months. Water damage can cost companies up to $17,000 in repairs, so it’s important to have proper coverage. A few steps you can take to ensure that your building is well protected from water damage is to make sure that you have the right amount of commercial property insurance. 

• Fire Damage – In the fall, more time is spent indoors and heaters and fireplaces cause more damage than they do during other months. 

• Cold weather workplace injuries  – Cold weather injuries like slips and falls are common. According to the Occupational Safety and Health Administration (OSHA), cold weather workplace injuries account for 20% of all types of workplace injuries. The subsequent cost of slips, trips, and falls to U.S. companies is $5.2 billion. Having a safe workplace not only protects your employees but also your business. Make sure that you have proper workers’ compensation coverage. 

Need help protecting your business from risk this fall and winter? We’d love to discuss your business’s needs and see how we can help you succeed. Contact us here to get started.