05 Feb East Bay Business Insurance
East Bay Business Insurance
The East Bay is a great location for just about any type of business. Our agency works with many local East Bay Businesses and we have a lot of experience with recommending the proper coverages for all types of companies. This blog is to get you started in properly Insuring your East Bay Business.
East Bay Business Insurance – Liability Coverage Limits
Operating a business in the East Bay means working with an affluent community. This can also mean claims have a tendency to be larger. Many business owners do not realize that often times, increasing the limits of liability coverage can be very affordable. In some cases, you can increase your General Liability Aggregate Limit from $2,000,000 to $4,000,000 for under $100 a year. This small premium difference could save your business if a large claims occurs.
East Bay Business Insurance – Proper Replacement Cost
In addition to obtaining proper Liability Coverage Limits, East Bay Businesses need to make sure their property is covered to proper replacement cost. This is particularly important for East Bay Businesses that own the building they operate out of. Replacement cost in the East Bay should be calculated differently from other areas because there
is an increased cost of construction associated with this affluent area.
East Bay Business Insurance – Business Income Coverage
Proper replacement cost is very important, but what happens in situations where your business suffers a total loss and is unable to continue business? This is where Business Income coverage becomes particularly useful. Business Income coverage will pay you for lost income that results from a covered property loss. This simple coverage can be the single most important coverage you ever purchase for your East Bay Business.
If you would like to discuss your East Bay Business in further detail. Give us a call at 925-297-4829.
All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.