Monthly Archives: August 2022

Four Types of Commercial Insurance You Need

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As a business owner, you understand the importance of protecting your investment. Commercial insurance can provide the coverage you need for an accident, property damage, or liability claim, whether you have a brick-and-mortar store or small manufacturing business. But with so many different types of commercial insurance available, it can be challenging to know which policies are right for your business. Here are four types of commercial insurance that every business should consider.

  1. Property insurance: This policy covers damages to your property, including your building, equipment, and inventory. If your property is damaged by fire, theft, or vandalism, property insurance can help you cover the cost of repairs or replacement.
  2. Liability insurance: The policy protects your business from claims arising from injuries or damages caused by your products or services. For example, suppose a customer is injured on your premises, or a third party suffers damages due to your business activities. In that case, liability insurance can help you cover the cost of legal defense and any resulting judgments or settlements.
  3. Product liability insurance: The policy covers claims arising from product or service defects. Suppose a customer is injured or suffers damage from using one of your products. In that case, product liability insurance can help you cover the cost of legal defense and any resulting judgments or settlements.
  4. Business interruption insurance: This policy covers lost income and expenses incurred if your business is forced to shut down due to an accident, fire, or other covered events. Business interruption insurance can help you keep your business afloat during these difficult times.

Get Commercial Insurance in Green Valley, AZ 

These are just four types of commercial insurance available to businesses today. By working with an experienced agent from the Insurance Center of Green Valley, you can find the right policies for your business and budget. Don’t wait until it’s too late—protect your investment with commercial insurance today.

How much home insurance do I need for my belongings?

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The Insurance Center of Green Valley gets asked a lot of questions about home insurance. "How much home insurance do I need" is a common one.

Although there are a lot of factors to consider, the answer starts with a home inventory. This document catalogs your possessions, speeds up the claims process and can maximize your payout.

That’s why the Insurance Center of Green Valley encourages its clients to begin here. Located in Green Valley, AZ, our agency lists six steps for conducting a thorough home inventory review.

Organize each area

Divide your home into sections to avoid getting overwhelmed. Whether it’s a closet or a room, start small. Create a process that’s easiest for you.

Record basic information

Jot down descriptions of every item. At a bare minimum, include purchase dates and prices. Write down the make, model, and serial numbers for appliances and electronics.

Group smaller items together

But you don’t have to list everything separately. Low-cost products, like clothes and dishware, should be lumped together. Just assign a price for the entire group.

List expensive items individually

Jewelry, antiques, and any collectibles require specialized coverage. Write down these items and consult an agent to ensure they are protected.

Go digital

Pictures and videos are also important. These may expedite claims. These visuals will remind you what you own, but they can also document what’s been damaged.

Update regularly

Review your inventory frequently. Although digital records are outstanding for reference, print out hard copies. Store these backups somewhere safe.

Contact an agent serving Green Valley, AZ.

After conducting a home inventory, let the Insurance Center of Green Valley take it from there. Using this information, the agency can determine how much home insurance coverage is right for you. Schedule an appointment today.