When you established your business in Albany, NY, you likely secured a business liability insurance policy from Toedt Insurance Agency LLC, along with business interruption coverage. If your startup had any employees, you would have also obtained worker’s compensation insurance. Your commercial insurance needs evolve as your business grows. For instance, if you’ve acquired commercial property, updating your commercial insurance package to safeguard your business’s property will be necessary.
Commercial Property Coverage
If a commercial business owns its operating premises, it needs policies to protect the building. Property coverage serves this purpose to a certain extent. However, other dedicated policies, such as boiler insurance and glass insurance, secure various aspects of the building. Property insurance indemnifies the structure against damage from dangers specified in the policy, including fire, tornadoes, and hail.
Certain areas within the building or equipment installed necessitate special coverage. For instance, the boiler or furnace in your building requires a dedicated boiler insurance policy for protection against damage. Glass insurance covers any harm to plate glass windows, mirrors, and glass walls within or on your building.
How to Determine What Coverage Your Business Needs
Consulting with your Toedt insurance agent is the simplest way to determine what policies your business requires. As you prepare for the acquisition of your commercial building, reach out to us for an insurance review. We’ll employ a standard set of questions to guide our recommendations and create a custom quote that includes only the relevant business insurance policies.
Contact Us Today for an Insurance Review
Have you recently purchased a commercial building, or are you planning to do so soon? Contact Toedt Insurance Agency LLC for an insurance review to ensure that your Albany, NY business remains fully covered against potential risks.
