Hartford Business Insurance

One of the smartest moves a business owner can make is investing in the proper insurance policy.  Too many times businesses fail because of inadequate insurance that fails to cover the firm when unfortunate events occur.  Don’t let your company fall to the same fate as other failed businesses have. Be smart and invest in Hartford business insurance before your business becomes a victim.

Commercial property insurance protects your business’s property, as well as inventory or assets, against loss or damage caused by theft, an accident or some other means. Your business insurance covers you even if the property is away from your business’s location when it is damaged or lost. The policy covers your costs to replace or repair the property and can compensate you for items that cannot be replaced, but only in certain circumstances.

If you don’t own the building where your business is located, you’ll only need to cover the building’s contents. The basic commercial property insurance policy protects your investment in fixtures, furniture, office equipment, inventory and the supplies that you store either at your business location or off-site.  Hartford business insurance premiums will vary depending upon either cover replacement cost or actual cash value (ACV). A replacement-cost policy ensures that your settlement is based on what you will have to spend to replace the items at current market prices, while an actual cash value policy reimburses you for the property’s depreciated value.  Replacement-cost small-business property insurance policies have higher premiums, but because they allow you to replace all lost or damaged property with new items, such policies can assist in the your business’s swift recovery.

Hopefully your business never experiences an event that would result in lost property, but if it does, make sure your firm is covered with the correct Hartford business insurance. Let Paradiso Insurance ensure your business’s success today.