Will My Commercial Insurance Policy Cover Facility Expansion?

Starting a new business is always such a scary, yet exciting time. As time goes on, you gain your footing in the market and begin to slowly grow bigger and bigger. When you have finally outgrown your current space and need to move to a larger facility or simply decide to acquire a second location, you must make sure that your insurance has you covered. The best thing you can do is speak with Access Insurance Services of San Antonio, TX to determine whether or not expansion is already covered under you’re current commercial property insurance policy.

Commercial Property Insurance

For an expanding business, commercial property insurance is a must. Purchasing a policy that fits your needs will safeguard your business, investments, and personal finances. In the event that something goes wrong, you can be confident that your business will not be destroyed. For example, if there happens to be an accidental fire and all of your office furniture and inventory are burned to a crisp, your insurance plan will save you from financial ruin. Under a commercial property insurance plan, the following are examples of what will be covered:

  • Your facility or building
  • Other parties’ property
  • Your stock of products or inventory
  • Outdoor signage
  • Outdoor landscaping and surrounding gates/fencing

When you are adding on to what you already have covered under your policy, contact Access Insurance Services to make sure that your new additions have been taken into account. If they have not, an insurance professional from Access Insurance Services will be able to help you determine the best way to adjust your plan in order to make sure your business is completely covered in the event of an incident.