Commercial coverage
Commercial Property and Business Income.
Buildings, stock, machinery and interruption exposure often drive the wood-products account.
Values and protection matter
Construction, occupancy, protection and exposure influence property underwriting. Replacement cost, coinsurance, deductibles, stock reporting, ordinance or law and valuation methods require review.
Business income
Consider how long specialized machinery, utilities, suppliers and customers would take to replace after a covered loss.
Protective safeguards are promises
Sprinkler, alarm, dust-collection, security and other safeguard endorsements can impose conditions. Establish impairment procedures and notify the appropriate parties when a represented system is out of service.
Ordinance, debris and specialized equipment
Rebuilding may require code upgrades, demolition of undamaged portions, environmental work and replacement of systems that are not included in a basic building estimate. Review sublimits before the loss.
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