At STARS Insurance serving Buffalo Grove, IL, we want you to understand how insurance can best protect your business. Each type of insurance policy protects your business in a different way.
Many people think of property insurance as protecting their building or their office equipment, but it also protects your inventory whether you own a retail shop or manufacturing firm inventory protections. When any named peril in the insurance policy occurs, such as fire, the coverage applies to any inventory stored in the building that incurred damage.
Similar to what you do at your home when you insure it, you need to make a written list of your inventory. For a small business, you might be able to fit this on a single sheet of paper. Larger businesses should print out the inventory on hand at the time of insuring and develop an average sheet that shows what they typically have on hand. This provides the insurance agency with the knowledge of what to base the coverage upon.
Your property insurance policy covers the structure you own as your office or storage, etc., and your business equipment and inventory inside it. When you provide the inventory averages, you let the agent know how much to write the policy. When a named peril occurs, you have the right amount of coverage to handle the loss.
Learn more about how commercial property insurance protects you by calling or visiting STARS Insurance today. We serve all of the greater Buffalo Grove, IL area. If you own a business in a neighboring community, you can still count on us for insurance. Contact us today to find out how we can help you keep your business safer.