Don't Wait for Disaster: Protect Your Business
Too many business owners find out too late that certain accidents were not covered under their policies or that they failed to take non-insurance precautionary measures to protect themselves. Don't wait for accidents to happen before you get needed protection.
According to the Insurance Information Institute, some precautionary measures business owners should take to protect their assets are:
Study your policies to see what is and what is not covered before a loss occurs. Do you know how much liability insurance you have? Do you know your deductibles?
Ask your insurance broker to explain anything in the policy you don't understand. Make sure you and your employees know what to do if you have a loss and need to submit a claim.
Keep an updated inventory of your business property with appropriate documentation.
Keep a copy of valuable and expensive to replace documents (i.e., computer backups, credit card receipts) in a fireproof container, outside of your business or in a safe deposit box.
We are pleased to provide this "Bulletin" as a service to you. While this information was obtained from sources believed to be reliable, its accuracy is not guaranteed. It does not change or alter insurance contracts or coverages.
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