Small Business Property Insurance Insight | Plan An Annual Inventory
Are you aware that a standard property policy can provide coverage for extended perils? This can include floods, windstorms, hail, earthquakes, acts of terrorism, explosion, riots, smoke, civil commotions as well as vehicles that damage your small business property.
In fact, basic small business property insurance can cover losses due to fire or lightning, including the cost of removing property as a way to protect it from further damage. Beyond extended perils, you can include vandalism and malicious mischief among your small business property coverages.
Replacement Cost Value vs. Actual Cost Value For Small Business Property Insurance
A typical small business property insurance policy will provide the replacement cost value for your building and the actual cash value for your business property.
[DYK?] The coinsurance clause in your small business property insurance requires you, the policyholder, to share the cost of covered services up to a moderate percentage of the actual cash value of the property. This will allow you to receive full coverage for your losses. Without adequate coverage, you may be obligated to pay a percentage of all losses, even if they are listed in the policy.
Types Of Small Business Property You May Need To Insure
Taking an annual inventory of your small business property insurance requirements can help to ensure your coverage is aligned with your current needs. Property that you may want to consider includes:
ALIGNED Small Business Property Insurance | 1-866-287-0448
Across Canada, our small business insurance brokers can help ensure you have the best small business insurance, including property liability coverage. Talk to us about the best property liability insurance solutions.
We can help you get quotes for small business property insurance today. 100% Canadian owned, we serve more than 1,600 clients across the country through offices in Toronto, Calgary and Vancouver and a National Operations Centre in Cambridge, Ontario.
It’s time to get your insurance aligned. Want Canadian business insurance that’s ALIGNED with your bottom line? We can help. 365. Call us toll-free at 1-866-287-0448.
We’re ALIGNED across Canada. The ALIGNED Insurance National Operations Centre in Cambridge, Ontario supports our Toronto, Calgary and Vancouver offices. We’re proud our industry peers consistently recognize ALIGNED Insurance as one of the best insurance teams in the country. We are also very proud to be one of the fastest growing insurance brokerages in Canada.
We deliver e-news you can use. Get practical business insurance insights in your inbox. 12,000+ people subscribe to our free ALIGNMENT Matters e-news. Just click the JOIN OUR DISTRIBUTION LIST button – at the bottom of our homepage – to connect and learn more about us.
365 | Get ALIGNED. Every day, Canadian business leaders follow our insurance insights via @ALIGNEDonRisk, on Facebook, LinkedIn and watch our YouTube videos here!
Commercial Property Insurance Terms
Commercial Property Insurance Terms Click Here For A Property Insurance Quote or Call us toll free at 1-866-287-0448 There are […]
Aligning Insurance Experts to Business Needs
Making the right decision when it comes to selecting the best and most appropriate business insurance coverages is something that […]
Away 4 Days? Get Unoccupied Property Insurance
Away For 4 Days? Get Unoccupied Property Insurance. As your business needs evolve, so may your property requirements. If your […]
Property Management Tips To Protect Physical Assets Security can be a scary prospect for property management companies. While you want […]