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Conejo Restoration BBB Business Review
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Why Your Business Needs Fire Insurance

One of the advantages of using our services is that we can help expedite your insurance claim in the event of a fire. For businesses this can be especially important since a hostile fire – one that is unintended and uncontrollable – can have a negative impact on that company’s bottom-line by causing it to lose money while repairs are being made. Sadly, some businesses either forgo fire insurance coverage or do not have enough fire insurance to cover such a catastrophic event. If you are leaning toward skipping this policy, here are a few that reasons why having fire insurance for your business is a smart idea.

  • Fires are a common cause of property damage: While fires occur with greater frequency to homes than they do to businesses, they are still one of the most common causes of property damage to companies. In fact, according to the National Fire Protection Association, 28% of fires occur to commercial, institutional or public buildings.
  • Repairs can be extensive: If your business has little or no fire insurance coverage then it will have to foot the bill when a major disaster occurs. Depending upon the extent of the damage, costs can be so great that they can actually cause businesses to shut down permanently. Fire insurance can cover most if not all of a company’s loss in the aftermath of a fire.
  • You may lose business: A company that is closed for an extended period of time may end up losing business while repairs are being made, the business is being relocated, etc. If your company has adequate insurance then repairs will be expedited quicker than if it is lacking coverage.
  • Fire insurance helps you sleep at night: Business owners have a lot of things to worry about. Fire should be the least of their concerns. When a company has adequate fire insurance coverage, its owners and employees can have peace of mind and focus on maintaining and growing their business. fire
  • It may be mandatory: If your business has been supported by a loan of some type, fire coverage may be a prerequisite to maintaining said coverage. Lenders want to know that they will be able to recoup their losses should the unplanned happen.

For all these reasons and more, having adequate fire coverage is a necessity for protecting your company’s assets, its employees and its lenders. We can help you in the event of fire as we not only specialize in fire damage repair and water damage restoration; we also work with insurance companies to make sure that you are compensated in an expeditious manner.

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Address: 2363 Teller Road, Unit 114
Newbury Park, CA 91320
Phone: (805) 338-6653


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