Besides just insuring your building, contents, and equipment, the proper property insurance will protect against lost income to your business resulting from a covered loss, including loss from equipment breakdown. Accounts receivable, valuable papers, records, money, securities, computer equipment, software, and media should also be included and protected under your property coverage.
Don't forget Flood Coverage. Your business is almost 26 times more likely to be damaged by flood than fire. Did you know that only 25% of all homes or businesses in areas most vulnerable to flooding actually carry Flood Insurance? Surprisingly, government statistics show that over 41% of all flood losses actually occur outside of known flood zones.
