Authored by Sara Weathers
Spring storm season is no longer just a regional concern; it’s a growing operational risk for law firms nationwide. Severe weather events are becoming more frequent and more disruptive, making it critical for firms to review their insurance coverage before storms hit.
The biggest issue? Many firms assume they’re covered until they aren’t.
Common Insurance Gaps to Review
1. Flood Coverage
Standard commercial property policies typically do not cover flood damage. Even firms outside designated flood zones can experience costly water intrusion from heavy rainfall or storm runoff.
2. Business Interruption Limits
If your office becomes unusable after a storm, how long could your firm operate without revenue? Many policies underestimate the time it takes to fully recover.
3. Off-Premises Coverage
With hybrid work now the norm, valuable equipment and data may sit outside your primary office location and may not be fully covered.
4. Ordinance & Law Coverage
If your building is damaged, updated building codes could increase the cost of repairs. Without proper coverage, those costs fall on your firm.
Don’t Wait Until a Claim Happens
Spring is the ideal time to:
- Review your property values and limits.
- Confirm business interruption calculations.
- Evaluate flood and excess coverage.
- Update your firm’s emergency response plan.
Storms are unpredictable, but your coverage shouldn’t be. A proactive review now can prevent costly surprises later.
