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Flooding causing damage to businesses in Colorado area

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Colorado has seen a number of storms over the last few weeks, which have caused damage to homes and cars, and flooding in Greeley is having an affect on businesses in the area. Greeley’s Building Inspection Division reported that 11 homes and 12 businesses have water damage due to flooding, which occurred on June 10, per NBC affiliate KBTV.

The town was fully aware that the storm would cause flooding, but the storms created 9.16 feet of water, which was more than they were expecting. Flooding has not been the only problem, as spring runoff from the melting snow in the area has also caused difficulties for the town.

“The problem we’re having right now is there are only two roads going into Greeley, 59th and 11th Avenue, that are north and south,” Greeley Street Superintendent Jerry Pickett told KBTV. “So, we’re getting a lot of traffic congestion and people trying to get home in the afternoon.”

Some business owners reported that they have lost everything. Carl Kerkseik, owner of DBE Manufacturing and Supply, told The Denver Post that his business has suffered damage from two floods in the last 10 months and all his merchandise is gone.

KBTV reported that the flooding is slowly starting to get closer to other businesses, thereby deterring patrons.

When water damage occurs, it could ruin wiring, seep into the carpets and ruin the structure of a building. Business owners may have to dip into their own pockets to pay for repairs. Shop owners can sign up for business insurance for financial and legal protection if their businesses are damaged by flooding again. But owners should be sure to seek all their options, as flood insurance is usually sold separately.

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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