Insurance Add-Ons for Your Commercial Property

Commercial insurance add-ons offer an additional layer of protection that can benefit business owners. This article reviews some standard add-ons that could provide the extra protection you need.

Extra Coverage That May Reduce Loss

Add-on coverage is designed to mitigate financial loss. It can also help business owners maintain relationships with customers, employees, and other key stakeholders necessary for business operations.

A standard insurance policy may cover the facility and property, but it might not provide adequate protection for some unforeseen situations.

Insurance Considerations for the Matthews, NC region

Consider the type of business you operate and the potential issues you may encounter during your ownership. An unexpected weather event or multiple crimes occurring at your business location may prompt you to increase the coverage for your land and commercial buildings.

Commercial Add-On Protection Types

• Business interruption coverage
• Cyber liability coverage
• Theft and vandalism coverage
• Liability coverage
• Commercial fleet coverage
• Storage unit and inventory coverage

An Assessment of Your Business Plan

Review your current business plan and compare it with the coverage provided by your commercial policy. Identify any gaps or unique circumstances that may require additional insurance coverage.

For instance, if you have invested in new decor or furnishings, you might be concerned about potential damage or theft of these items.

Acquiring add-on commercial insurance coverage can be beneficial for high-risk items. This coverage can protect commercial inventory, computers, furnishings, and more.

Ask An Agent at Jim Boyce Insurance

Contact one of our insurance agents serving the Matthews, NC region. An agent can discuss the commercial add-on protection that interests you and assist with upgrading your commercial insurance policy, if requested.