Without appropriate property insurance, property losses can easily cause the entire enterprise to fail. For commercial as well as personal property owners, the purpose of property insurance is to provide critical financial assistance in the event of a loss, so that you can continue operating with as little disruption as possible.
Property insurance alone is seldom enough, however. It is but one part of an overall risk management and disaster recovery plan.
There are a variety of policies that cover only a single peril, or cause of loss, such as a property insurance policy, a crime policy, business income, extra expense, contractor tools and equipment floater, or an electronic equipment policy. There are also policies that include several different types of coverage in a single “umbrella product.”
We also have options for WIND coverage… a threat factor to consider for those of us living and conducting
business on the Gulf Coast.
Once your property has been replaced and your building has been restored to previous condition, what about the loss of income?
Nearly every business needs business income insurance and extra expense coverage.
In this technological age, business income and extra expense coverage is a necessity. This coverage not only replaces lost income but also will pay to re-locate you and pay the extra expenses to get you back operating quickly.
• A retail store damaged by fire lost income while the building was being repaired.
• A business office complex that has a loss due to wind damage.
• A hospital that needs relocating due to a covered loss, to care for to its patients.
• A web-based enterprise whose servers are damaged by a covered loss.
The trusted agents at Millsaps Insurance can help you weigh the costs and benefits of business equipment insurance and help you to identify the specific coverage limits you need.
Whether you are a large specialty construction firm or a small to midsize contracting business, your tools, machinery and mobile equipment are big investments. If they’re stolen from a job site, destroyed by a fire or damaged by vandals, your business may suffer. Repair only add to the cost. Work Delays or stoppages damage your reputation and your bottom line— or both.
Do your current polices need re-evaluation? Find the right insurance policies to protect you and your business assets, and experience courteous, respectful and resourceful customer service at Millsaps & Associates, Inc.
Get the policy you want, from Millsaps & Associates, Inc.