Archive for the ‘Property Insurance’ Category
It is important that before purchasing any type of commercial property insurance do you price your property, and do so periodically thereafter. Be sure to keep copies of receipts of purchase of your equipment, furniture and other valuables in the event that your premises are destroyed. Keep photos of your property in another location, as well as digital copies stored on your computer or through a data storage service on the Internet.
They should also be assessed by an accredited appraiser special items of great value, such as works of art and antiques, before buying a commercial property insurance. Such articles usually receives coverage in an amount agreed upon before signing the policy. It is important that you explain your agent the existence of these special goods in order to receive adequate coverage. Read the rest of this entry »
Commercial Property insurance protects small business owners from losses related to damage to physical space or equipment as a result of theft. For insurance purposes, ownership of a company includes the physical building where the home and other assets. Everything listed below, is purchased or leased, may be regarded as property of the company:
- The building
- Inventory
- Furniture, equipment and materials
- Machinery
- Computers and other data processing equipment
- Documents, books and valuable papers
- Works of art and antiques
- Television sets, VCR, DVD and satellite dishes
- Signs, fences and outdoor property not attached to a building
- Intangible items such as intellectual property rights and trademarks (Trademarks & Copyrights) Read the rest of this entry »