One of the first things you can do to help reduce the risk of severe disaster ruining your business is see what kind of natural issues the area may have. A quick look online for something like “Charlotte NC weather trends” or “Charlotte NC flooding issues” can give you a good idea rather quickly what nature has in store for you and your business. If your property is in a flood zone or in an area which is prone to high winds, look into different options for insurance. North Carolina has taken a beating from quite a few hurricanes, for example, and that is something that you might want to look into in regards to what you get covered. Many insurance companies don’t include hurricane coverage automatically and so you may need to look into a different or additional package if this is a concern of yours.
Another thing you can do is, as a landlord, make it mandatory that any tenant you rent to have renters insurance. Although a renter may groan and gripe about it to begin with, things can happen which would make them wish they had the insurance to begin with. Sometimes, things happen which are beyond anyone’s control. These can include fire, busted pipes, and any number of other problems you can have with a house or building. Explain this to your prospective client and generally they will realize that you are only trying to help. Thankfully, this can also help you in the long run as well, as you will not be liable to help the tenant replace anything out of your own pocket. Always be upfront with people about problems the area may have, it can only do you good.
Insurance is the first step to making sure that you stay safe. Although it may not stop the disaster from occurring, it can certainly stop an additional problem once the damage is evaluated.