A good business property policy will provide you with more than enough coverage to ensure you can get right back to business in as little time as possible after a loss. It will also pay the replacement value of everything your business needs, and not a depreciated value. Don’t forget this important detail when purchasing this coverage!
A good rule of thumb when choosing coverage is always to carry more than you think you need. The reality is that you never really know how much is required until you have to use it. Many people discover too late that they didn’t have the coverage they needed. Once a loss has occurred there is nothing you can do. Plan ahead by adding extra coverage; the more coverage you have, the better off you are.
It is easy to forget about the many small things you use every day as a part of your business, and they add up quickly when you have to replace them. Underestimating what it would take to replace everything is a common pitfall; don’t risk it. By carrying more coverage than you think you need, you can get back on your feet more quickly after a loss and get right back to business.