Finding the right commercial coverage for your business

Commercial insurance coverage in Burlington, NC is not a one-size-fits-all solution and can be dependent on a number of different factors for the business. An agent at Don Allred Insurance can help find the right insurance coverage.

First, understand your business needs and value your belongings and merchandise. Remember that if you need to make a claim, the insurance company is going to use the value of your belongings and not what you paid for them. Used equipment is not going to be valued as high as new equipment. There are different industries that have more risk factors, and you should take those risk factors into account when determining the amount of coverage you need. The different risk may also require different policies, such as commercial auto insurance or more workers compensation insurance protection. If you have expensive machinery, don’t forget to add more coverage. You know your business the best, so while your insurance agent can help, you need to think about the day-to-day operations of your business. Don’t let premiums be the only thing that determines your decision. It’s important to have sufficient coverage to handle any claims you may have.

When comparing policies, it’s important to read the fine print and understand what each policy is covering to determine which one is the best. While it’s necessary to find a policy that suits your business needs today, make sure to think long term. Will your policy be able to cover your future needs? Can it grow with your businesses? Think about what you will be offering your customers in 5, 10 and 15 years, and consider how your policy needs will change. It’s still important to go over your policy on a yearly basis in order to keep up to date on coverage.

Contact Don Allred Insurance serving Burlington, NC to get a quote on commercial insurance.