25 January 2017Don’t let your workshop get swamped if the heavens open
Storm water is heavy: each cubic foot weighs around 63lbs and its fast, running at anything between six and 12 miles per hour. In full spate, it is relentlessly destructive and unpredictable. At rest, it is often an unpleasant pollutant that’s expensive to clean up. Storm water damage can strike suddenly – snow melt, burst pipes, rapid thawing and summer flash flooding create serious risk issues for a vehicle workshop business.
The last few months have already thrown some serious weather curve balls with widespread and heavy flooding in Cumbria followed by snow and frost. Water risk has traditionally been unattractive to Insurers: incidents are few but usually expensive and if your premises are in a known flood zone, it may be tough to get insurance at all.
If your workshop is flooded and the customer vehicles in your care are damaged as a result, where does responsibility lie when it comes to claims?
A typical commercial buildings and contents policy is designed to cover your workshop for all risks in the event of fire, flood and theft plus accidental or malicious damage. Our advice is never assume that your current policy covers you regardless. Why? You may have specific exclusions if your business is located in a flood zone. A good workshop insurance policy designed for auto maintenance will not just cover you against general flood damage and your liabilities for customer vehicles on-site, but also provide business interruption cover that indemnifies you against the inevitable disruption to your business during the clean-up.
Ask yourself the following questions – then let us check your buildings and contents policy covers you comprehensively:
- If my premises are located in a flood risk area, how close are they to watercourses and drainage sources?
- Can I move customer vehicles quickly and easily to higher ground in the event of a flood alert?
- Who pays out if customer vehicles suffer flood damage?
- Can I elevate critical stock or machinery and protect any basement areas?
- What are my exact policy exclusions relating to flood damage?
In short, expertise – and the right flood management insurance advice - can make all the difference to your terms, your exclusions, your premium and your business peace of mind. Talk to Arthur J. Gallagher today: we are the approved recommended insurance broker for The Parts Alliance.
Call us on 0800 61 222 84, or email us at firstname.lastname@example.org