Over the past decade, commercial insurance premiums have seen an astronomical increase. In 2013, the monthly cost of insurance was only $1,558. As of 2023, this number is now $2,726 and could get as high as $4,890 by 2030. This price increase is being driven higher by the numerous extreme weather events in the past few years. So how can policyholders keep their premiums low?
The best way is by making sure the commercial building is properly and proactively maintained. A well-maintained building is much less susceptible to preventable claims, such as water damage or electrical fires. In turn, the lack of claims and quality of the building will keep the rate in check. Getting routine maintenance also means getting routine inspections, which is often a credit for insurance policies. Aside from insurance, proactive maintenance also costs 3 to 4 times less than reactively repairing things as they break down.
Fortunately, finding the right roofer to both document and maintain your commercial building is easy. The professionals at Kato Roofing not only thoroughly inspect, document, and service roofs, but they also come up with a multi-year repair plan to maximize your roof’s lifespan. Ultimately, if you want to keep both insurance and roof expenses low, enlisting the help of Kato Roofers is the way to go.
Source: Kato Roofing