Authored by Sara Weathers
In recent years, wildfires have grown in frequency and intensity across many regions of the United States. This raises a critical question for law firms with offices in high-risk areas: Is your property insurance sufficient to protect your practice?
Wildfire Coverage Gaps to Watch
Many commercial property insurance policies cover fire damage, but not all policies are created equal. Key considerations include:
- Exclusions for high-risk zones: Some insurers limit or exclude coverage in wildfire-prone areas, requiring additional endorsements or specialty policies.
- Business interruption coverage: If your office is inaccessible due to nearby fires or evacuations, does your policy cover lost income and operating expenses?
- Underinsured property values: Rising construction costs can leave firms underinsured if coverage isn’t updated to reflect current rebuild costs.
- Smoke and soot damage: Damage from smoke infiltration, even without flames reaching the building, can require expensive remediation—check if your policy covers it.
Risk Management Beyond Insurance
While insurance is essential, proactive steps can also reduce your exposure:
- Maintain defensible space around the office building if you own the property
- Review emergency evacuation and communication plans with your team
- Digitize critical documents to ensure continuity if physical files are lost
Wildfires are an increasing threat in many states. Now is the time for law firm leaders to review their property insurance, confirm appropriate coverage limits, and ensure business interruption policies are in place. Protecting your office means protecting your people, clients, and the future of your practice.
Have questions about your firm’s property insurance? Our AdvoCap Insurance team is here to help!
Photo Credit: jetapura9974, 123rf.com
