Review your commercial insurance policy. Familiarize yourself with the inclusions and exclusions that your coverage provides. Make modifications to your policy if needed.
Inclusions
Inclusions are the list of items that your policy covers. They outline the circumstances in which the policy would pay out. Equipment, furnishings, structural materials, and other business materials may be listed under your policy’s inclusions.
Exclusions
Exclusions are things that your commercial insurance policy will not cover. Certain circumstances may prohibit you from being able to file an insurance claim. The exclusions will be clearly outlined in your policy.
Review
It is important to review your insurance policy. This will help you pinpoint if you have enough commercial coverage. As you review the inclusions and exclusions, you will be able to determine if your policy needs to be modified.
If a standard insurance policy does not provide the coverage you need, you may need to purchase an add-on insurance product.
An add-on insurance product is a specialized type of coverage that increases the amount of your policy. It can be used to protect specific items used at your place of business.
Upgrades and Downgrades
Your insurance needs as a business owner may change on occasion. If upgrades are being done at your place of business, you may need more insurance coverage.
The increased coverage could change the inclusions and exclusions that are listed on your policy. If you downgrade your business, you may not need as much coverage. This could also affect the inclusions and exclusions that are part of your policy.
Agent Assistance
Contact one of our Pismo Beach, CA agents for more assistance. An agent representing Neff & Associates Insurance Services Inc. will schedule an appointment for you.