Your company content is objects that belong to your company and are not permanently connected to the building. They can contain small items, such as laptops and mobile phones, or furniture, office equipment, raw materials or large machines. Regardless of the size or nature of the business, the loss of some or all of these important items can significantly disrupt your business.
Insurance contents insurance is designed to provide protection against such loss. This coverage is included in property insurance. It is also known as commercial content insurance or business insurance.
Articles Covered by Business Content Insurance
Purchasing business content coverage involves listing and valuing items to be insured. Coverage is usually available for:
- Furniture: Bookcases, desks, tables, chairs
- Luminaires: Lighting, flooring, kitchen utensils, appliances
- Office equipment: Computers, printers, scanners, copiers
- Manufacturing tools and equipment: Tools and equipment for the manufacture or packaging of goods
- Personal belongings: Articles belonging to employees or customers of the building
Categories of covered items [1
9659004] For business contents your corporate property into one of two categories – content or mobile equipment. In addition, other people's property can be specified if it is routinely held by your company. In general, mobile equipment is more expensive to insure as it can move from the site and be exposed to greater risks. Mobile equipment is covered when it is out of place, but the contents are not. If your company only owns a few items of mobile equipment that remain in the premises, you may be able to insure these items as content.
Covered Events Under Business Content Insurance
Most Suppliers Cover Business Content That Is Destroyed Or Damaged Due To:
- Extreme Weather
- Natural Disaster
- 19659019] Harmful damage
Types of business content coverage
There are two basic types of business content insurance:
- Compensation as new: The policy will pay to replace a lost or damaged item with a new one.
- Compensation: With this type of coverage, the insurer pays the cost of replacing the item at current market value, taking into account wear and tear and depreciation.
How to value your company content
When you buy company content coverage, make sure that your company's assets are insured for replacement value rather than purchase price. If you stock more materials, products or other items at certain times of the year, make sure the content is covered. Make sure you are not underinsured, as it may prevent you from reopening after a disaster.
Coverage for loss of income with loss of content
Insurance insurance only covers damage to or loss of the company's content. When an event occurs that destroys business equipment and materials, it can seriously disrupt operations and reduce corporate revenue. To protect yourself against that type of loss, you need a break insurance.
Professional Guidance for Business Insurance Needs
It is more important than even these days to insure your business against losses. Our knowledgeable agent can review your business policy with you and make sure you have the coverage you need at the best available prices.