In combination with seasonal ice and snow, the increased foot traffic around the holidays can put your business at greater risk. Because of these risks, you should consider adjusting your small business insurance policy during the winter holidays. Below are some of the increased risks you face and how the right types of coverage can help.

How Small Business Insurance Protects You from Holiday Risks

1. Slip and Fall Accidents

With the larger number of holiday shoppers about, not to mention ice and snow on the sidewalk, your business is naturally at greater risk of pedestrian accidents for which you could be liable. To counteract this risk, consider raising your liability coverage limits, purchasing umbrella insurance, or lowering your deductible so that if anything unfortunate occurs, you won't find yourself out of pocket.

2. Shoplifting

Shoplifting becomes a weightier concern during the holidays as more customers make it harder to secure your store. Unfortunately, many insurers exclude shoplifting in their coverage and instead require more physical proof of the loss, such as a forced door or broken lock. However, if you look patiently, you should be able to find a business insurance provider to cover this financial risk for you.

3. Employee Theft

You may trust your long-term employees completely, but the holiday rush often necessitates seasonal hiring. Employee theft coverage will give you the peace of mind you need that these relative strangers won't steal from you while they are on the clock—or, if they do, you are covered.

4. Winter Storm Damage

A good policy pairs liability insurance with property damage coverage. This will pay for damages if, for example, heavy snow topples a tree branch through the roof of your premises or freezing temperatures burst a water pipe.

To discuss your coverage options with an experienced professional, contact Somers Agency LLC in Lorain County, OH. They've been serving the region for 120 years, so they have exceptional industry expertise and deep ties to the community. In addition to small business insurance, they also specialize in auto, home, and life insurance. Visit their website to request a quote or call (440) 324-3447 to speak with a friendly, helpful agent.