Auto Insurance Louisville KY Serving Louisville for Over 35 years!
(502) 933-2255 | (800) 468-1215
Auto & Home

What is required to make your business run?

Business Contents InsuranceWhat would happen if all of the computers were removed from your office? Could you continue to work? What if all of your vehicles broke down? Your inventory wiped out. Your equipment gone. Every business has crucial equipment and inventory that makes their company run. A software development company requires computers to function, a bakery requires ovens.

These business contents are critical to the success of any business. Business contents insurance protects these assets to ensure that you and your business remain open, even after an accident, injury, or complete loss.


Business contents insurance protects a company’s items and inventory from loss. The policy can be customized to fit your exact business needs, but most policies will provide coverage for a variety of situations including fire, storm damage or other covered disaster.

For most businesses, the contents insurance policy will reimburse the value of lost items quickly and accurately to get you up and running as soon as possible. Business contents insurance is included in most general business insurance policies, though coverage levels and prices vary widely by insurer. For this reason, it is important to shop around for coverage to ensure the levels are adequate and the prices are manageable.


Whatever raw materials you need to run your business is covered by business contents insurance. In a flower shop, this might be flowers, vases, refrigerators, or materials. If you run a bookstore, this would include your inventory, backroom stock, computer system, and furniture. Anything your business needs is covered by a content insurance policy.

Each policy is completely customizable to fit the exact needs and levels of any business, large or small. Even if you run a graphic design studio out of your home, a business content insurance policy can cover your computer and printing equipment against loss or damage.

Replacement Cost vs. Actual Cost Value

When buying business contents insurance, there are two options for payout: Replacement Cost or Actual Cost Value. Replacement cost coverage reimburses the amount it will cost to buy a brand new item, ignoring depreciation, actual cash value will provide the current market value of the item, which factors in depreciation.

The best option is to select replacement cost. For example, if several computers used in your accounting office were destroyed in a fire, a replacement cost coverage policy would reimburse you for the amount of money it would cost you to go and buy brand new computers for everyone in the office of similar quality. On the other hand, an actual cash value policy would reimburse you the market value of the lost computers.

This requires you to either pay out additional out-of-pocket expenses to buy new computers, or take the insurance money and try to find more inexpensive used computers that were comparable to what you lose.

Shop Around

As with other insurance policies, business contents insurance can vary widely between different carriers. It pays to compare policies from different companies to find a coverage level and a rate that you are comfortable with. By doing your homework and shopping around, you can often find better coverage for less money. Always read the fine print in any policy and ask the representative about specific or significant exclusions, limits, or restrictions.

For those who are self-employed and depend on their own equipment to make a living, or who run a company and have other people depending on them, business content insurance is necessary. Running your own business indicates a significant investment in time, money, and hard work. It is important to protect your most valuable investment against fires, accidents, and other forms of damage that could halt business altogether.

By Matt Reynolds - Google+
Posted 10:00 AM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version
  Connect With Us: Social Social Social Social Social
Site Links

Get A Quote
Our Companies
About Us
Contact Us

Claude Reynolds Insurance Agency, Inc. BBB Business Review

Louisville Auto Insurance Review

Icon Visit Us

Claude Reynolds Insurance Agency Inc.
6801 Dixie Hwy Suite 232
Louisville, KY 40258
Phone: 502-933-2255
Fax: 502-933-5057
Map & Directions
Claude Reynolds Insurance Agency Inc. | 6801 Dixie Hwy Suite 232, Louisville, KY 40258 | 502-933-2255
Powered by Insurance Website Builder | Online Marketing by One Thing Marketing