What Is Plate Glass Coverage and Do You Need It?

As a gym owner or manager, you have a lot of decisions to make and people and property to take care of on a daily basis. One of the decisions you need to make is about the level and type of business insurance that you need. You don't want to overspend and get the coverage you don't need, but you don't want to come up short when something happens.

There are many things around your gym that can go wrong and leave you liable. It's hard to know exactly what you need protection from and when to spend money on insurance. It's a balancing act. One thing you might not have thought about is the plate glass windows at the front of your gym's storefront. You know life is stranger than fiction, and it only takes someone walking with hand weights to trip and takedown that window.

You may have heard about plate glass coverage. However, you aren't sure what it is or how it benefits your gym. Here's your guide to everything you need to know about plate glass coverage.

What Is Plate Glass Coverage?

Plate glass coverage is an insurance policy or part of a policy that specifically covers the costs of damage to the plate glass windows at the front of your gym. Replacing a plate glass storefront is a lot more expensive than replacing a broken window. These large pieces of glass cost more, and it's much more difficult to install them.

When you opt for plate glass coverage, you have insurance that helps to pay part of those costs if the plate glass is accidentally damaged or broken. Depending on the policy, you may be covered if someone intentionally breaks the plate glass as well. These policies are generally very detailed as to when the breakage or damage to the plate glass window is covered. It's always a good idea to read the fine print and details of any insurance policy before deciding to purchase it.

Benefits of Plate Glass Coverage

Before you decide to commit to buying an insurance policy that covers plate glass, you need to know that it's an investment worth making. As a small business owner, you're always trying to make smart money decisions and that includes deciding how much insurance coverage you actually need. There are some advantages to having plate glass coverage. Here's a look at some benefits:

Peace of Mind

There are so many things that can go wrong in your business. It seems like everything that goes wrong costs you a lot of money. It only takes a moment for someone to trip with something heavy in their hands to shatter your plate glass window. When this happens, you need to spring into action to replace it. You can't leave your gym open and exposed like that for very long.

With plate glass coverage, you get peace of mind that if the unexpected happens, you're covered. You won't need to shell out hundreds of dollars to have someone come and replace it the same day. Even if the window is damaged, this type of insurance pays for repairs so the damage doesn't become larger and eventually destroy the glass pane.

Save Money

You may find that you have a deductible with plate glass coverage, but it's going to be a lot lower than the cost of replacing it. When you maintain this type of insurance, you won't find yourself faced with an unexpected expense that can eat into your cash reserves.

When you place a plate glass window, it can cost as little as $500 and up. The type of pane and glass used makes a difference. You may think that your landlord would pay for the replacement, but that isn't the case. When one of your staff members or customers breaks or damages the plate glass window, your landlord typically requires that you pay for the repairs.

By maintaining this type of insurance coverage, you save money when something happens to your plate glass. The plate glass insurance policy helps you take care of your business and save money when the unexpected occurs.

Knowing Where to Call

Who do you even call when your plate glass gets broken or damaged? Is it the same outfit that does car windows? When you have plate glass insurance, you can find help when you need it. In some cases, the insurance company has a list of approved vendors in your area.

Whether your insurance company has approved vendors or not, they can help you get in touch with a company to do the work. You won't need to waste time searching online and calling companies to see if they can do the work.

Some insurance companies can make the calls for you and arrange the work. When this happens, they usually arrange to make the payments directly to the company that does the work, which can also save you a step in the future. Knowing who to call when a plate glass window gets broken or damaged is the first step.

Artwork and Lettering

It's more than just the glass that gets damaged or destroyed when you have any issues with your plate glass. Typically, you paid a tidy sum to have someone paint the lettering on your window, or maybe you had an artist paint your logo or other artwork. Paying to have this type of work redone can cost you a lot of money.

During the time you wait to have the lettering and artwork redone, you may be losing money. Potential customers won't know where you are or what services you offer. Plate glass insurance pays to have lettering and artwork redone in many cases. This can save you a lot of out-of-pocket expense or deciding whether you want to go to the expense of having it redone.

At NexoFit, we know how important it is for you to find the right balance between cost and coverage when it comes to insurance. If you have any questions about plate glass coverage, contact us or call us at