Storm season is in full swing, and this means that your commercial property insurance policy becomes even more essential. As your business continues to grow, you likely have an increasing amount of assets to cover. To make sure you are ready for the unthinkable, we’ve compiled some things to consider.
Have You Purchased New Assets?
Many business owners purchase a commercial insurance property and pay their premiums without ever stopping to think about their changing needs. If you have acquired new assets, such as computers or manufacturing equipment, or if your business has begun storing a larger amount of inventory, it may be time to reevaluate your policy.
What Does Your Policy Cover?
Did you opt for lower levels of liability insurance because you didn’t engage with customers in your start up stages? Does your policy cover lost income if you are forced to shut down after disaster? Revisiting your commercial property insurance with your Clemente Insurance Agent is an essential step in identifying any gaps in your coverage.
Do You Have Earthquake and Flood Insurance?
Many commercial property insurance policies do not include earthquake insurance or flood insurance. Oftentimes, these coverages need to be added to the policy. As the rains cause flash floods across Southern California, it’s important to know where your coverage stops and disaster begins.
What Assets Are Covered?
Commercial property insurance is designed to protect your business assets in the event of a minor mishap or a major loss, including:
- Outdoor signage
- Landscaping and fencing
- Display fixtures
- Tools and manufacturing equipment
- Computers, servers, and technological equipment
- Accounting paperwork
If your business has assets that aren’t listed, such as jewelry, antiques, art, or cash, it’s important to discuss your coverage with a professional who can provide trusted guidance.
The Right Amount of Coverage
Each business has unique needs when it comes to business insurance. The professionals at Clemente Insurance will work with you to understand your business and ensure that you have the proper business insurance coverage, including commercial property insurance. Contact Your Insurance Experts at Clemente Insurance and Financial Services by calling (888) 995-9098.