small business insurance quotes
Below are just a few of the important ways business property coverage can help you
in the event of a loss. (Some coverages may not be available on all policies or
in all states)
Note: This summary outlines in general terms the coverages afforded under some policies.
Examine the policy carefully for any exclusions, limitations, or any other terms
or conditions that may specifically affect coverage. The terms and conditions of
the policy prevail.
Why do I need Business Property Insurance?
Even if you run a home-based business and have home insurance, you'll need to protect
your business assets with separate contents and computer insurance; your home owner's
policy probably will not cover business equipment.
Contents and computer insurance protects your business equipment
from perils such as fire, storm damage or theft. To determine how much property
or contents insurance you'll need, create an itemized list of your business' assets
and their individual dollar values. Then decide which assets you actually want to
insure and for what value.
In some cases, you may decide against insuring a particular asset, because it just
doesn't warrant the cost of the premium. In other cases, the premium may be well
Business property insurance coverage is typically packaged with additional coverages
for property issued to you by a client that is temporarily in your custody and
Business Interruption Insurance that pays for loss of earnings when operations
are curtailed or suspended because of a covered property loss.
Figure out which insurance you need based on the language in your contracts.
Learn your risks, how insurance protects you, and what a typical policy costs.
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