Preparing to move your business to a new location may indicate that it is time to upgrade your commercial insurance policy. Consider how the following variables could influence the need for changes to your insurance policy, as explained by the professionals at Mutual Insurance Partners, serving Follansbee, WV.
Inventory and Furnishings
Assess the inventory and furnishings that will be moved to the new location. The items could become lost, damaged, or stolen while in transit. Adding insurance to any commercial essentials that will be transported will minimize the risk of financial loss.
In addition, think about the inventory and furnishing investments that you will need to make prior to opening your business in the new location. The addition of inventory or new furniture could mean that you will need more insurance coverage.
Liability Concerns
An accident could occur while you are moving to the new location where your business will operate from. Property damage or physical injury could be deemed your fault. Having enough liability insurance coverage will protect you if you are involved in a lawsuit.
Liability insurance can assist with legal costs that you face. Before you add liability insurance to your commercial policy, conduct an assessment of the current business location and the new location. Then, consider any liability risks that necessitate insurance protection.
Damage and Loss
Think about the possibility of damage or loss occurring on your new business property. Criminal activity or a natural disaster could be concerning. Acquire commercial insurance that protects the commercial building and its contents from a wide range of criminal acts and natural disaster types.
Insurance Agent Appointment
Schedule an appointment to speak with one of our Mutual Insurance Partners agents. An agent who serves Follansbee, WV will prepare your commercial insurance policy before you relocate your business.
