Contents & Equipment Insurance is a Necessity.

Does your business have a lot of leased contents and equipment?  Anything that is not land or buildings – real property. If so, it may not be properly covered. This is a common problem for companies that make extensive use of leased contents and equipment.

The lease you signed probably makes you responsible for the contents and equipment under your control. It probably also requires you to carry insurance on them, also a given. The question is, what does the lease require of you in the event of destruction of the contents and equipment? Many leases require the lessee to replace the damaged equipment or to pay off the balance of the lease. While this may sound reasonable, this type of language probably means that your leased equipment is underinsured, unless you have taken specific steps otherwise.

As with your personal property you want to be certain that the equipment you need to run your business is well insured. We offer property and liability business equipment insurance to satisfy this need.

Does your Business Insurance need additional coverages?

If you are a business owner you have probably had to decide whether yourbusiness insurance is over covering your business or undercovering your business. Most companies have the most basic business insurance coverage such as: liability insurance, property insurance and services like worker’s comp.

Some important additional coveraged that is not covered:

Business Interruption Insurance will provide a way for your business to continue to flourish in case a disaster struck that closed down your operations.

Flood & disaster insurance  protects against natural disasters and allows a business owner to file claims based on the damages caused.

A commercial umbrella policy will cover your business beyond the limits that the basic commercial insurance provides.

There are many more additional insurance coverages that can provide protection for your business. Contact us today, we can walk you through the business listing everything that should be covered for the most exact insurance solution.