equipment insurance

Most every business in owns business property, which may include the building in which you run your operations.  Property insurance protects the physical assets your business owns – such as computers, office equipment, buildings, furniture, fixtures, and other property.  Every business should have a comprehensive property insurance portfolio to respond to the many risks associated with property ownership.

Have a plan – protect your

property

We hope to help you indemnify a proactive plan in the event of a fire, theft, storm, or some other kind of damage that might involve your business insurance policy.  There are a number of actions you can do to help get the best possible settlement from the insurance company.

Pre-Loss Practices

• • Maintain vital records

• • Have photos of all buildings, major equipment, etc

• • Blueprints- keep complete sets

• • Keep at least 5 to 10 years of financial records

• • Appoint key individuals as communicators

• • Have emergency response plan

• • Secondary locations identified

Buy Insurance – It is a good idea

During The Loss

• • Notify the insurer

• • Protect the property

• • Track claim costs

• • Separate budget line items

• • Keep records of all internal and external costs

• • Make temporary repairs

• • If you hire contractors or consultants you might want to get the insurers approval, if you want the costs covered under insurance

• • Meet regularly with the agent and Insurer

• • List and address key issues and concerns

• • Note any changes from original design

• • Will you rebuild or not?

• • What might cause delays?