When you operate a business in Ft. Worth, TX, you have to learn how to juggle. It’s a vibrant city, but that comes with competition and a fast-paced business environment. In order to keep up, you need to get fast answers to important insurance questions. Main Street Independent Insurance Agencies Inc. loves providing fast answers. Let’s answer a common question right now. Does each major asset need its own commercial policy?
Every single asset needs coverage. You need property and liability insurance for everything of value. The property coverage is obvious. If something happens to an asset, you don’t have to replace it with cash on hand. As for liability, it seems weird that stock, buildings and other static assets might need this coverage, but it’s a harsh reality of business. People can find a way to get hurt anywhere, and you don’t want to lose valuable assets as a result.
But Also No
Every asset needs coverage, but that doesn’t mean you need an individual policy for each asset. Virtually every major insurer will help you bundle your assets to simplify your policy. Every asset will contribute to the bulk policy, but things can be simple. If you can bundle home and auto insurance, of course you can bundle business assets too. With that said, specialty assets do exist, and some of them might require an individual policy. That usually has to do with regulations more than the insurer’s policy, but exceptions exist to every rule.
If you want a deeper look at your commercial insurance options, the easiest way is to talk to your Main Street Independent Insurance Agencies Inc. representative. We’ve been helping businesses in Ft. Worth, TX, for a while, and we’ll be happy to help you too.