Make an inventory of what the business uses
List the property the business owns or is responsible for, where it is kept, and how it is used. Include recent purchases, leased equipment, stock that changes seasonally, and improvements to a space. Clear information helps an insurer evaluate the request.
Property forms, covered events, valuation methods, limits, deductibles, and exclusions can differ. Ask how the specific policy treats each item that matters to your operation, and whether coverage for interrupted operations is included or needs a separate discussion.
Questions worth asking
- Are the building and business contents handled under the same policy?
- How are equipment, inventory, and recently acquired items valued?
- What limits, deductibles, and exclusions apply at each location?
- What should I know about a temporary shutdown after a covered loss?
Local guidance, clear next steps
Lisa works with clients in Minnesota, Wisconsin, Iowa, and Arizona. Available business property options depend on the location, type of operation, insurer, and eligibility.