How to protect your business from property damage
When it comes to property damage, there is no such thing as too much insurance. The best way to protect your business from property damage is by buying the right type of insurance.
The first step in protecting your company from property damage is to buy the right type of insurance. There are two types of property insurance: commercial and personal. Commercial insurance covers damages that happen on a business’s premises, while personal coverage applies to damages that happen at home or elsewhere.
Property insurers will also offer different levels of coverage, which can be broken down into broad categories: basic, special and comprehensive. Basic coverage includes fire, theft and other risks that may cause physical damage to the building and its contents; special coverage includes such things as water leaks, earthquakes or other natural disasters; comprehensive coverage includes both basic and special coverage’s in addition to any other risks the insurer deems necessary for a particular client's needs.
