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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters. Commercial Liability Insurance to protect against claims related to third-party injuries or property damage. This coverage is required in most states.

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

Common Exclusions and Limitations While commercial property insurance is quite comprehensive, it’s essential to be aware of common exclusions and limitations. – Data Breach Insurance : Critical for technology-reliant businesses, protecting against cyber risks. Non-compliance can sometimes void insurance claims.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Reflect on: – How much you can comfortably allocate from your business budget for insurance premiums. – Potential deductibles and what’s financially viable if you need to make a claim. It’s like finding a sweet spot—insurance that doesn’t overspend your resources but still offers peace of mind.