Some businesses have to operate during times of snow. These might include medical practices, and electrical or telephone companies that have to address service outages.
Other businesses, like ski resorts, rely on snow as their profit-makers. They have profits riding on a snowy season.
Operating such a business likely comes with higher risks. Some businesses have to have drivers on the road in winter weather when most people don’t drive. To protect these risks, business insurance is key.
There are many different types of business insurance to protect your snow-related business.
Commercial Auto Insurance
Even after snow stops falling, roads can remain hazardous. The risk of accidents is still prevalent.
Many companies offer commercial auto coverage for businesses that stay open in the snow. Commercial auto insurance provides higher levels of property damage, liability and personal injury coverage.
Snow Plow Insurance
Plowing insurance is often a specialized type of commercial auto insurance. Risks faced by plow operators are different from risks faced by other commercial drivers. This type of coverage can help cover risks specifically related to snow plows. If you operate a plow as part of your business, consider this policy.
Personal Injury Liability Protection
If you own a hospitality business that operates in the snow, the risk of injury to patrons is higher. If someone gets hurt, they could sue your business for medical coverage. Personal injury liability protections can cover a company’s risks in cases of lawsuits.
Workers’ Compensation Insurance
If employees have to work in the snow, they could get hurt or sick and have to take time off to recover. You might have to provide for their finances while they are out. Your workers’ compensation insurance can do that.
Some snow insurance policies can cover businesses that rely on snow to profit. In these cases, snow insurance is a type of special event insurance.
For example, your ski resort may need minimum levels of snow to open. If a season fails to bring appropriate accumulation, you can lose money. A carefully executed insurance plan can help you get coverage for these lost profits.
Snow relates to business insurance in a prevalent manner. You need to know how your business will operate in times of snow to understand what types of business insurance you need. You can explore our website for more information. You can also call the Allen Harmon Agency today at (269) 441-5156.