Commercial property insurance in Ball Ground, GA not only protects the space your business operates in, but it can also help repair or replace your property if it is stolen, damaged, or destroyed. Many small businesses won’t be able to replace their equipment after a natural disaster without this insurance, but there can be a lot of misunderstanding about these types of policies. An agent at The Sanford Group can help you understand your options and coverage.
Myth 1: You don’t need commercial property insurance if your business is at home.
Your home insurance may protect some of your business property, but it likely doesn’t cover much and won’t do you any good if your property is damaged while traveling for work. The right commercial property insurance can cover if your laptop or other equipment is stolen when you aren’t at your home.
Myth 2: You don’t need commercial property insurance because you are at your client’s location, using a client’s equipment.
The need for commercial property insurance will be dependent on the contract your have with your client. Not all clients will have the coverage needed to protect you. An example of this could be a contractor that repairs a dishwasher at someone’s home, but leaves the hose on after finishing and causes it to flood the client’s house. Even if a client has the right insurance to cover that, the contractor would still be responsible for the damages.
Myth 3: A tenant renting the building has their own insurance.
If you have a commercial space, just because a tenant has insurance doesn’t mean you shouldn’t as well. A tenant will have a policy that covers their interest, and as the landlord it’s your responsibility to make sure you have proper insurance to cover the building.
Contact The Sanford Group serving Ball Ground, GA to get a quote on commercial property insurance.