Trying to determine how much insurance your commercial business needs is challenging. You don’t want to be underinsured, or you won’t be fully covered in the event of a fire or break-in. You don’t want to be over insured, or you are paying for more insurance than you need. So how do you determine how much insurance your business needs? Here are a few factors to consider.<\/p>\n
The Value of the Product or Merchandise You Have Stored in the Building<\/strong><\/p>\n One of the first things to do is to determine what the value is of the product you normally store in the building. This is challenging as your inventory can go up and down, but get an average of how much you normally have on hand at any given time.<\/p>\n The Value of Your Business Property<\/strong><\/p>\n Another factor to consider is how much your business property in the building amounts to. This includes computers, point of sale systems, fixtures, desks and other business property that makes your business function. In the event of an emergency, you will need to replace these items.<\/p>\n How Much Your Business Makes Each Day<\/strong><\/p>\n The last factor to consider is how much money your business makes each day. If your normal day-to-day operations are interrupted or halted because of flood or fire, your commercial insurance will cover this daily loss if you are properly covered. Figuring out how much you average per day can help ensure you carry the right amount of insurance so you aren’t out any money if the unexpected happens.<\/p>\n If you are trying to figure out how much commercial insurance your business needs, or are looking for a new policy in the greater Canby, OR area, be sure to check out Oliver Insurance. We would love to help you determine how much insurance you need and draw up a new policy for that amount, ensuring your business is fully covered.<\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Trying to determine how much insurance your commercial business needs is challenging. You don’t want to be underinsured, or you won’t be fully covered in the event of a fire or break-in. You don’t want to be over insured, or you are paying for more insurance than you need. So how do you determine how […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[23],"class_list":["post-130","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-oliver-insurance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t