Smart Insurance Tips for WNY Business Owners This Summer
Western New York summers bring more than sunshine and tourists. They also come with increased weather volatility, rising operating costs, and an unpredictable economic landscape — all of which can leave your business exposed if your insurance coverage isn’t aligned with the times.
From record-breaking storms to staffing shifts, here’s how local business owners can stay protected this season with a few smart, timely insurance strategies.
1. Factor in Rising Storm Activity + Infrastructure Risk
According to the National Weather Service, WNY saw a 30% increase in severe weather warnings last year alone. And with aging local infrastructure — especially in rural and small-town areas — businesses are more vulnerable to:
Wind damage
Flash flooding
Prolonged power outages
Tip: Make sure your commercial property and business interruption coverage account for weather-related claims and income loss due to outages or closures.
2. Offset Inflation by Reassessing Your Business Property Limits
Material and replacement costs have surged. What cost $10,000 to repair or replace in 2019 might now be closer to $13,000–$15,000.
With commercial construction costs up nearly 22% over the past three years (source: Turner Building Cost Index), underinsured property can mean footing a huge gap out-of-pocket.
Tip: Request a quick valuation check to ensure your current coverage reflects today's rebuilding or replacement costs.
3. Prepare for Supply Chain Delays (Yes, They’re Still a Thing)
While national headlines have shifted, supply chain disruptions still impact small businesses — especially those dependent on specialty goods, equipment parts, or agriculture.
If your equipment, materials, or fleet go down mid-season, the delay in getting replacements can extend your downtime significantly.
Tip: Look into business income and extra expense coverage to protect revenue during downtime due to delays beyond your control.
4. Agriculture, Events, and Tourism = Seasonal Exposure
WNY thrives in summer with everything from agritourism and festivals to farmers markets and food trucks. But with that boom comes more foot traffic, liability exposure, and higher potential for:
Slip-and-falls
Equipment malfunction
Auto accidents (especially if you’re hauling gear or products)
Tip: Double-check that your general liability, commercial auto, and event-related coverage are active and accurately reflect your business operations.
5. Cybercrime is Peaking During Busy Seasons
With more online transactions, pop-up vendors, and mobile payment tools in play, cyber risk spikes during summer. The FBI reports that small businesses remain a prime target for phishing and data hacks.
Tip: A small business cyber liability policy is affordable and gives peace of mind — covering data breaches, wire fraud, and digital business interruptions.
Take Control of Your Coverage Before Something Happens
Too often, business owners only find out they’re underinsured after a claim. At Ellen Fenton & Company, we help business owners across Western New York feel confident and protected year-round.
✔ Complimentary Mid-Year Coverage Review
✔ Local Agents Who Understand Your Industry
✔ Decades of Experience in Commercial Insurance
At Ellen Fenton & Company, we understand that insurance isn’t just about policies — it’s about protecting what matters most to you and your business.
With over 35 years of experience in the insurance industry, Ellen has built a reputation for guiding clients through both the expected and the unexpected — with clarity, care, and unmatched expertise.
Whether you’re reviewing your coverage or just have questions, our team is here to help you feel confident in your protection — today, and in every season ahead.
