What to Insure

Your business may not possess all the following types of property, but you can use this list to make sure that you have considered all the property categories and any insurance coverage that may be warranted:

Buildings and other structures (owned or leased) Furniture, equipment and supplies Inventory Money and securities Records of accounts receivable Improvements and betterments you made on the premises Machinery Boilers Data Processing equipment and media (including computers) Valuable papers, books and documents Mobile property such as automobiles, trucks and construction equipment Satellite dishes Signs, fences, and other outdoor property not attached to the building Intangible property (good will, trade-marks, etc.) Leased equipment

To establish the amount of insurance you need on each, your insurance agent can help you review the types of property you own and their uses. Some of these items are covered in the basic policies. For others, coverage can be added by an endorsement, or rider. And some, like money and securities, may not be covered by a standard commercial policy. The best thing to do is to take a complete inventory of all your business property, determine their value and decide if each is worth insuring. Then check to see that the items on the inventory list are included on the basic business property policy and covered for the correct amount. If not, ask your agent about the cost of purchasing additional coverage to meet your needs.