Is my business protected against the vandalism of the protests?
It is not the first time that the US has faced a wave of protests accompanied by acts of vandalism against businesses. According to the Insurance Information Institute, the riots after Rodney King’s beating in 1992 resulted in $ 772 million in damage, about $ 1.42 billion today.
Although the current protests in Florida have generally been peaceful, there has certainly been an increase in cases of vandalism against property and businesses.
The good news in the meantime is that, unlike the losses caused by the mandatory closure of “nonessential” businesses during the coronavirus pandemic, vandalism damages are covered by most commercial insurances. You can even claim the Business Interruption policy, which insures the loss of income of a company forced to carry out a rebuilding process after a disaster.
Contact Univista Insurance and review your business insurance. Specify with the agents if all the necessary policies are included to protect your business in such a troubled time.