WEDNESDAY, SEPTEMBER 23, 2015
 Though businesses are relying more and more on technology and online services to perform daily operations, it still takes quite of bit of physical property to maintain a workplace. And when you add up the cost of the building, furniture, computer equipment, artwork, inventory and more, the overall price tag can reach into the millions. That's definitely an investment worth protecting. So, let's talk about commercial property insurance.
While many types of coverage for your business are at your disposal, commercial property insurance is a policy that every single business should consider purchasing. Why? Because if a covered event resulted in the damage or theft of property, your business would take a big financial hit and possibly even have to temporarily shut down, depending on how bad the damages were.
With a commercial property insurance policy, you can receive funds to repair or replace damaged or lost items after a covered event. So, if a tornado tears through your workplace, for instance, your policy could cover the rebuilding process. However, since you'll need to set coverage limits for your policy, it's important to take an inventory so you can get a good estimate of just how much property your business owns and ensure its protection.
Your independent insurance agent can help you select the policy options that works best for your business, including which types of perils to cover. The two main options include:
- All-Risk Policy: This type of policy covers a variety of perils — such as severe weather, fire, theft and vandalism. However, it does have certain exclusions like floods and earthquakes.
- Peril-Specific Policy: This type of policy will only cover specific perils that are listed in black and white. For instance, you may wish to purchase flood coverage if you work near a body of water, or extra fire coverage if you work in a very dry area.
In addition, ask your agent about any necessary policy endorsements to help protect high-dollar or specialized equipment, such as commercial kilns or large kitchen appliances. With the right coverage at your side, your business is more equipped to withstand unforeseen disasters.
Get the coverage you need. Call CECO Insurance at (512) 358-6137 for more information on Round Rock business insurance.
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