Business insurance is important to have to protect your business from damage, theft, fire and other disasters. Commercial renters insurance should be considered if you rent or lease a commercial property or office. This can be done as an add-on to your current policy or as a separate policy altogether.
Instructions
1. Gather your business, business insurance and commercial renters information. This should include the worth of your business, projected monthly profits, major business equipment that is kept on-site, the policy information for your business insurance, who you lease from, the size of the property you are leasing and the cost you are paying to lease the commercial property.
2. Contact the insurance agent for your current policy and inquire as to whether they offer a commercial renters plan. You can also often save money by keeping all of your business with one company. The insurance agent will be able to give you various rates for their company.
3. Diversify your options by visiting an insurance company that compares commercial insurance rates, like Insurance.com, who'll find multiple quotes and services from a variety of insurance companies. Keep in mind the lowest rate may not be the best deal as actual coverage may be cut to offer lower rates. Make sure you are getting the coverage you need before deciding on the best coverage for the money.
4. Consider sharing the cost of commercial renters insurance with other occupants of the building or property. Call a meeting and see if the other business owners are interested. If so, talk to an agent about a combined insurance policy and splitting the rate to get all of you the best deal.
