Property insurance covers your buildings, leased items, signage, equipment and personal property. It can include coverage for employee theft, forgery and/or dishonesty. It can also cover products left at job sites that are not yet installed as well as coverage for property in transit.
Business Income and Extra Expense
Business Income is often an overlooked coverage. This coverage helps businesses replace the loss of income, pay for continuing expenses like payroll, rent, and utilities during the period of repair due to a loss. Loss of business income is the main reason businesses don’t reopen after a serious loss. When a loss occurs, expenses don’t go away. In fact, they may increase, making it difficult for a business to survive.
It is important to make sure you do an inventory of all property, contents and equipment to ensure it is properly insured.
A good understanding of your insurance needs can save your business from unforeseen financial problems.
Give us a call today to discuss the best option that fits your needs.
1 (888) 590-5282