When it comes to managing a business insurance program, you will face at least two main concerns.  First, you do not want to overinsure your business, which would mean paying more than the coverage is worth.  On the other hand, you do not want to willfully be underinsured.  This could mean receiving less than the cost of a loss, or worse yet, having a claim denied completely.  With these concerns in mind, please take a couple of minutes to see how well your business is protected.
 
 

1. Have you reported all building acquisitions, additions and improvements?

2. Do you have product liability insurance?  If so, do you have enough to cover a
substantial lawsuit?

3. Are you able to estimate the current replacement cost of your building?

4. Are you able to estimate how much it would cost to replace office furniture, equipment,   tools, fixtures and finished goods at today’s price?

5. Have you reported all new office equipment or machinery since your last renewal?

6. Do you have adequate limits on company-owned and operated vehicles?

7. If disaster suspends your business operations, are you covered for business income loss during the suspension?

8. Are your deductibles well thought out? (i.e., are they too high, or too low?)

9. Have you consciously decided between replacement cost and actual cash value (replacement cost less depreciation) on your business belongings?

10. Have you arranged for greater coverage during peak inventory periods?
 

If you answered "no" or "not sure" to any of the above questions, we would be happy to assess your commercial coverage against your business exposures.  You may be underinsured or completely lacking necessary coverage.  Gaps in commercial insurance coverage cost businesses millions of dollars every year, and they place you at risk of not being fully compensated if a loss occurs.