Insuring The Contents of Your Business

JLMc
September 13, 2011

As a business owner, you are probably very excited about where your company can go. If you have a small business now, you might dream about the days when you can have a large office building, hundreds of employees, and business trips to exotic locations. Even if your aspirations are to stay small, you probably want to expand the goods and services that your company can offer so that you can best serve your clients. In both cases, you could have a bright future ahead of you. You just need to make sure that unforeseen events do not steal this future and wipe it out of existence.

You cannot predict when some things are going to strike. You can install all of the fire alarms that you want, but a fire could still spring up during the night and get out of control before the fire department arrives. You could take all the precautions possible, but a pipe could still break in one of your walls and flood the entire complex. Even more difficult to predict are the actions of criminals. A security system might help, but you can never be totally sure that someone will not break in and steal items or cause damage.

As you can see, these are all things that can ruin the future of your company. They can put a halt to all of your plans and leave you wishing that your company could still grow and achieve all of the things that you wanted it to achieve. There are countless companies who have not made any large mistakes – other than not having business insurance – and that have been destroyed by these types of things. You do not want to let your company become yet another instance of this kind of an ending.

You probably already have insurance on the building where your company is located. Many times, people will buy this right when they buy the building in the first place. This can protect the structure. It can be used to replace the building alone. However, it will not always protect the contents of the building. Many times, these thing are worth more than the building itself. This is especially true to highly technical businesses that need a lot of specialized equipment. If you fall into this category, you need to get another plan that can be used to protect everything inside of the building as well as the structure itself.

When you go about insuring the contents of your business, you need to make a comprehensive list of everything that you own. This should include very large items and very small items. Anything that will need to be replaced for your business to resume functioning as usual, no matter the price, should be on this list. You might even want to make the list with a video camera, as this offers further proof of what you own. When a disaster strikes, you can calmly present this list to your insurance company, and they will pay to replace everything that you have lost.

A policy like this can give you peace of mind even before something has happened. It can give you confidence that everything will be all right in the end. Most of all, it can give your company the ability to always be moving forward, to be growing and expanding, to be turning into the great business that you have always imagined that it can be.

Jennifer Lawrence is an insurance consultant and assists homeowners with assigning value for their property losses. She recommends online quotes as a point of comparison, for example at www.policyexpert.co.uk/home-insurance/ you can get quotes and coverage details from one site.