X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Building valuations must include materials, rebuilding costs and updating to current building codes. (Photo: Shutterstock)

Business owners are often so busy that they rarely have time to step back to re-evaluate their business insurance policies. While this determination and work ethic are admirable, it could leave a business vulnerable and unprepared should disaster strike.

In the wood niche, building material dealers, manufacturers and sawmills are often so focused on running the business that they don’t ensure that the company and its growth are insured. New inventory, machinery and equipment; building expansions; additional warehouse facilities and more all need to be properly insured so if a catastrophe arises, the business can rebuild.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.