Structural upgrades are investments that people or weather-related events could damage. The materials used for an upgrade could also cause injury. Assess the upgrades that will be completed at your place of business.
Upgrade Considerations
All the upgrades conducted at your place of business may not require more commercial insurance coverage. Durable materials installed indoors may not be as likely to become damaged as ones installed outdoors.
Consider the upgrades that will be completed. Track the cost of materials and the design elements that will be used for each commercial improvement.
Record information that outlines where the upgrades will be done. Use your observations and recordings to help you choose which materials to add to your commercial insurance plan.
Risk Factors
Determine the risk factors that may require more insurance coverage. If steps, an elevated walkway, or another item that people will access daily is installed, people could become injured.
Wet surfaces caused by rain or a spill could increase the likelihood of an accident. Any risk factors that you discover should be considered.
Commercial liability coverage protects against injuries and damage occurring in a business place. The coverage would protect the land that your business is located on. It would also protect the physical building where you operate your business.
Commercial Insurance Advice
Consult with one of our Canby, OR insurance agents about the structural upgrades you plan to complete. An agent representing the Oliver Insurance Agency will assess your business’s risks. They will advise you on coverage types that will benefit you as a business owner.
