As a business owner, it is essential to be prepared for any potential risks that could impact your company. One such risk that has become increasingly prevalent in recent times is the possibility of election protests and riots. These events can have significant implications for your business, including property damage, business interruption, and liability issues. In this article, we will discuss what business owners should know about election protests and riots from an insurance point of view.
First and foremost, it is crucial to review your existing insurance policies to understand what is covered in the event of protests and riots. Property insurance typically covers damage to your physical assets, such as buildings and equipment, caused by civil unrest. However, it is essential to ensure that your policy explicitly includes coverage for riots and civil commotion, as some policies may have specific exclusions for these events.
Business interruption insurance is another important coverage to consider. In the event that your business is forced to close or experiences a significant slowdown due to election protests or riots, this coverage can help replace lost income and cover ongoing expenses such as rent, payroll, and utilities.
Liability insurance is also important to protect your business in the event of third-party claims arising from election-related unrest. This could include claims for bodily injury or property damage caused by rioters on your premises. It is essential to review the limits of your liability coverage to ensure they are adequate for potential claims that could arise from civil unrest.
In addition to reviewing your existing insurance policies, it is also essential to stay informed about any changes in the risk landscape related to election protests and riots. This could include monitoring local news and staying in touch with law enforcement agencies to understand any potential threats to your business.
Finally, it is important to communicate with your insurance agent or broker to discuss any specific concerns you have regarding election-related unrest and ensure that you have the appropriate coverage in place.
At E. R. Munro and Company, we are committed to helping business owners navigate the complex landscape of insurance coverage, especially in uncertain times such as those surrounding elections. We encourage you to reach out to us with any questions or concerns you may have about protecting your business from the potential impacts of election protests and riots.
