Your building, business property, computers, betterments and improvements are all types of business property insurance coverage that you need
Computers, files, furniture and product inventory are key components of your business. You can protect against the devastating effects of their loss with a business property insurance policy.
Think about this. You walk into your Annapolis business to find a pipe broke over the weekend. And there is 3 feet of water throughout the building. Or in your Severna Park business you get a call in the middle of the night. It’s the police, and they tell you the building was broken into and all of your property is stolen.
These are bad things that happen to business owners everyday in Maryland. It is why a good Business Property Insurance policy is important..
What is covered by business personal property insurance?
When most of us think of business property insurance, our thoughts go towards large objects such as buildings.
But it’s often the smallest pieces of business property that are most important to your business. This is labeled as Business Personal Property on the business insurance policy.
It’s our computer systems, the windows that were broke, the tool that you can’t work without. These are all important and need to be covered. Business personal property is under valued by most business owners.
When you buy the building, you buy it all at one time so there is a set value. However, your business personal property you purchase a little at a time. Usually you buy the bare minimum to get you open. Then as the weeks, months, and years you go buy you keep adding to that original inventory list.
Have you gone over your coverage limit with your current insurance agent? Has your agent asked you if your coverage should be increased?
A great business property insurance policy will help you survive the loss of any vital property, both large and small. With this policy, you can be protected for the replacement cost of all of your vital property.
Worried about the costs of property insurance?
Business property insurance is scalable to exactly what property you want covered. So you can easily control your insurance costs. You can purchase thousands of dollars of protection and it only costs you a few dollars in premium.
Maryland Business property insurance is available to any business owner with property to insure. All business owners need property insurance, whether you are an owner-occupant, lessor or tenant. Business personal property is usually written as a package with business general liability coverage.
Are you storing business property away from your business premises?
If you are storing property away from your premises, you should call your insurance agent. This is to ensure that your property is properly covered. You may have to list that the storage location on your insurance policy to ensure proper coverage.
Are you planning to get an SBA loan?
If you are planning to get an SBA loan, they will require you to have business personal property insurance coverage on your policy. Nancy Nicklow write a great blog on the SBA Property Insurance Requirements.
Contact Huff Insurance Today!
- Since your property changes, it’s always a great time to review what you need covered. You can save money and make sure that your property has the best business property insurance policy.
- It’s easy and fast to get a no-risk quote. Simply call 410-647-1111 or fill out this form. We’ll get back to you within a day with custom and affordable business property insurance policy.
Huff Insurance is a Trusted Choice Insurance Agent in Pasadena Maryland. We can help you with your business insurance and your personal insurance needs. You will have options to get the best insurance plan for your needs.
We not only want to make sure that you are getting the right coverage we also want to be sure that it is at the right price.
One way to do this is to be sure that you are getting all of the discounts possible.
- Do you have an alarm system or is the building sprinkler?
- What are the other occupancies in your building, are they low hazard?
- How far away is the local Anne Arundel County fire department?
