How Commercial Insurance Can Protect Your Business Investment

Business owners around the Stony Point, NY area spend time and money to ensure their investment brings healthy returns. It is important to remember to not forget to protect your investments with quality commercial insurance. Acquiring commercial insurance from Hudson Valley Insurance Brokerage, Inc. is one of the first actions you need to take to protect your business from the effects of a covered event.

Don’t Lose Out

When a covered event occurs, commercial insurance will help you recover your losses and get back to normal. Without this necessary protection, you stand to lose significantly. When you purchase a policy, it covers a variety of items including any office equipment on the premises, as well as valuable items such as electronics, furniture, appliances, and more. To get the right amount of coverage, you must first do inventory on all of your business’s possessions. 

How Much Insurance Do You Need?

When calculating the amount of coverage you need to purchase, you should take the total dollar amount from your business inventory, and round up to the next available coverage amount. Before deciding on a figure, it is important to make sure that you haven’t overlooked any items and have calculated their value appropriately. In some cases, you can choose to purchase insurance that covers the replacement cost of the items, or you can choose to cover the cash value which calculates depreciation. Talk to your insurance provider to find out what types of policies they offer and which one is right for your needs.

When you need to protect your commercial investment, you need insurance that will cover the products and equipment necessary for you to operate on a day to day basis. When you need reliable insurance, check out Hudson Valley Insurance Brokerage, Inc. in Stony Point, NY. Call or stop by today to speak with a knowledgeable representative that can help get you started.