When we think of commercial insurance, we tend to think of insuring large, commercial buildings against fires, flood, or other forms of physical destruction. In reality, commercial property insurance covers a whole host of types of property. These include Any physical assets, large or small, that are stolen, damaged or destroyed. If you're looking at purchasing a commercial property insurance policy in Alpharetta, GA, use the following Do’s and Don’ts to frame what you want in terms of coverage.
Don’t Let Cost Get in the Way
You should not let cost be a concern when considering we commercial insurance policy. This is because most insurance policies are scalable, so that they can cover as much or as little commercial property as you desire. This allows you to control your insurance cost while making sure your most important assets are covered.
Do Understand Your Coverage
The old adage is that's the only stupid question is the question that is not asked and that applies to commercial insurance. Most commercial property insurance will vary depending on the type of business you are insuring. There are, however, broad categories of loss that pertain to specific assets that are insured. These include the destruction of assets by fire, external storm damage to a building and internal assets such as documents, computers, valuable papers, or building assets such as flooring, equipment, or furniture by flood, fire, or theft.
Understanding the type of coverage you have and categories it falls into his key to knowing not only what of your assets are covered but what of your assets you need to cover.
Don’t Assume Something is Covered
It pays to walk through your coverage with your commercial property insurance brokers in Alpharetta, GA, to make sure you know what is covered and what the coverage entails. For example, does your fire coverage insure all your assets or just your physical building assets? Would a burst pipe fall under the flood coverage and if so, what is covered under that? These are just two questions you should ask your broker before you commit to any policy.
Do Periodically Update Your Policy
As you look at commercial liability insurance companies in Alpharetta, GA, make sure you find one that is willing to reexamine your policy as frequently as you think necessary. Policy coverage can become outdated or even irrelevant, so you need your policy to be flexible.
After that, the key to getting adequate commercial property insurance policy in Alpharetta, GA, is to shop around. Let your existing or potential broker know you're looking and see what they can come up with. It might surprise you.