Preventing water damage during construction

Posted by OTC Blogging Team on Nov 7, 2020 1:36:35 PM

Water damage to a business, regardless of how it happens, can lead to mold growth, costly litigation and financial loss. In addition to direct costs associated with cleanup, material replacement, equipment repair and mold remediation, water damage incidents may lead to significant indirect costs associated with construction delays and business interruptions.

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Topics: Business Insurance, Commercial Insurance, Overland Flood Insurance, commercial property insurance

What we learned from Hurricane Dorian

Posted by OTC Blogging Team on Oct 10, 2020 6:39:00 PM

In the late evening of September 7, 2019, Hurricane Dorian made landfall on the east coast. While it was no longer technically a hurricane when it hit land, the storm resulted in over $105 million in insured damage, according to the Insurance Bureau of Canada. 70% of that was damage to personal property, 25% was damage to commercial property and the remainder of the damage was to automobiles.

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Topics: Environmental Insurance, Overland Flood Insurance, About OTC Insurance

Protecting your home from basement flooding

Posted by Christine Gaudreau on May 15, 2020 1:55:00 PM

Spring has arrived, which typically means snowmelt, an increase in rainfall accumulations, and the possibility of spring flooding.

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Topics: Home Base Business, Overland Flood Insurance, Home Insurance

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