Personal business property insurance will help you recover when certain types of disasters jeopardize your business assets and real estate. You can use the insurance payouts to repair or replace your equipment.
Personal business property insurance can insure a number of different types of business property against loss and damage. This can include equipment, computers, supplies, inventory, offices, and more—anything your business needs to operate.
When you purchase personal business property insurance, it will cover any damage sustained as a result of specific events, which are outlined by your policy.
These events include things like fire, vandalism, theft, and some types of weather. This kind of coverage can help cover repair costs, replacement costs, and even cleanup costs. Some policies will even cover lost income in the event that your business has to shut down after a covered event. The insurance can even help pay your bills if your business suffers too much damage to operating at a hundred percent.
Whether your business owns or leases its operating space, you’ll want to make sure you have property insurance.
While personal business property insurance will cover your equipment and inventory in the event of fire, theft or some types of weather events, it generally will not cover things like flood or earthquakes. It is important to consult your Mesa, AZ Lifetime Investments insurance agent to find a policy that is right for you.
Contact Mesa, AZ, Lifetime Investments today to help choose a policy to insure your business assets. You can choose either replacement-value coverage or actual-cash-value coverage. The first will cover the cost of purchasing brand new replacement items while the latter will provide you with a payout equivalent to the depreciated value of the item. Costs for these policies vary, so see your insurance agent now to choose the policy that is right for your business.