When it’s Hot, Think Utility Services Interruption

shutterstock_308741828If you are in the USA, it’s hot right now. When it gets really hot, power service can fail because of power substation failure, grid under supply due to high demand (brown out or black out) or power lines being downed from a strong summertime thunderstorm. These power interruptions often happen off your business’ premises but cause you to lose power on your premises. If you operate a restaurant, your food can spoil.  If you are a manufacturer, you don’t have the power to make your product, resulting in sending workers home early and losing income.

Standard property and business income coverage forms do not cover off-premises utility services failure and lost business income associated with the failure. You can purchase coverage, however, from an agency like ours that knows how to structure limits and coverage to meet your needs.

Lost power is not the only utility service that can be interrupted and cause you to lose operational income. Here are some other utility services that can be interrupted during the hot summer:

  • Water
  • Telephone
  • Gas
  • Cable/Internet

These services, plus electricity, can be interrupted during the other weather extreme: ice, snow and freezing temperatures. In fact, utility service interruption can happen at any time of the year.  Weather extremes like the outside oven we are enjoying right now can cause stress and failure on utility services that supply your business.  Don’t lose income because you can’t operate. Let us help you insure for the unforeseen.  For more information, visit AssuredPartners NL Property & Casualty.

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