Fall Storms & Wildfire Risks in Santa Barbara: Is Your Commercial Property Insurance Ready?

Fall in Santa Barbara, CA can bring cooler temperatures, but it’s also a season for heightened business risks. Dry conditions this time of year, combined with unpredictable storms, lead to an increased threat of wildfires and flooding. For commercial property owners, it’s an ideal time to review your insurance coverage to make sure you’re prepared for the unexpected.

What Is Commercial Property Insurance?

Commercial property insurance is coverage that helps protect businesses from financial losses due to damage to their physical assets caused by fire, storms, theft and vandalism, and other incidents outlined in the policy.

Fall is a great time to assess your policy’s limits, exclusions, and deductibles. You may also add endorsements for specific protections, such as for earthquakes and floods.

Fall Storms and Hazards

Fall storms can trigger mudslides and flash flooding, which can damage buildings and disrupt operations. Commercial property insurance can include coverage for business interruptions, equipment loss, and structural damage for weather-related events.

Wildfire Risks

Businesses in specific areas may be required to implement fire mitigation measures or risk being denied insurance coverage. Check with your insurer to make sure your business meets all requirements and is insured against wildfire damage.

Contact Us

Fall may bring more risks to your business, so it’s important to be ready. The professionals at Holmes & Holmes Insurance Agency, Inc. in Santa Barbara, CA can review your policy and make sure you’re prepared for the unique climate risks in the area. Contact us today for a personalized quote or more information.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.