My Business Was Broken Into- Will My Insurance Cover the Damage?

Most likely, yes! It always depends on the insurance coverage that’s included in your policy, however most commercial property insurance policies or general liability insurance policies can cover certain aspects of theft and damage. Commercial property insurance usually protects physical assets, such as equipment, inventory/stock, supplies, and the belongings of customers or personal items, and can also protect the physical building, such as lights, windows, outdoor signs, and fences.

What Else Can You Do?

Ensuring your commercial property policy covers everything you need will always come in handy in case you unfortunately have to deal with instances of theft or vandalism. There is always the option to take your policy one step further by including a sturdy crime insurance policy. This policy can help protect your business in the event of loss of money, merchandise, or property. This also includes any other business-related claims that may harm a business financially through theft, fraud, or robbery. Crime insurance will be able to protect the aspects of your business that are not covered by commercial property or general liability insurance. This policy can protect businesses from crime within the organization – this would mean illegal activity completed through or by employees.

What Creates More Risk for Commercial Crimes? 

Regularly reviewing your policies can help you maintain protection of all your important assets within your business and protect you in case of a break in. The higher your revenue, the more employees you have, and the more inventory your business keeps on-hand will leave your business at a higher risk for crimes. Don’t wait until it’s too late to protect your business against crime, do it today!  Contact the team at All-Risks Insurance Brokers Danforth to discuss the best options for your business.