Off-premises power failure
While on-site power failures are covered by most commercial property insurance, off-premises utility problems are not typically covered by standard policies.
In order to protect yourself from lost business due to a utility failure off-site, you should consider purchasing off-premises power failure coverage.
Below is a list of scenarios that this coverage can, depending on the policy you purchase, protect you against:
• A broken water main that cuts off running water to your neighborhood.
• Downed telephone lines or cell tower that impacts reservations and receipt of delivery orders.
• A gas pipe breaks, making your stoves and ovens unusable.
• A transformer explodes, causing your building to lose power.
To learn more about off-premises power failure coverage, speak to your knowledgeable broker at Tegner-Miller Insurance Brokers. We can be reached at 310-828-9662.