There are so many details that make a business successful. One of those critical details is making sure that you’re properly protected against property risks. At Sinclair Risk & Financial Management, we perform the due diligence needed to design and negotiate a Property policy to successfully safeguard against losses inherent in our clients’ operations.
Our professionals will evaluate the coverage amounts on your building and business personal property (inventory, furniture, equipment, etc.), your deductibles and coinsurance values, and how the insurance is applied. We’ll also evaluate what the cost would be to replace an establishment or operation should a loss occur and make sure the building is insured for what it’s worth. We’ll look at whether your Property insurance includes adequate debris removal, increased cost of construction, and improvement amounts.
What’s more, when we meet to evaluate your exposures, the size of your operation, the location, and other key factors will determine if Excess Property insurance is needed. This coverage kicks in after your basic Property limits have been exhausted. Under this scenario, basically your primary Commercial Property policy acts much the same as a very large deductible, with Excess Property coverage taking over to absorb the rest of the covered loss.
We’ll also assess whether we need to close specific gaps in your Property coverage, customizing the coverage to cover exposures such as floods or wind as part of the Excess Property coverage.
Addressing the exposures in your operation takes expertise.
Leave that up to Sinclair. Give us a call at 203.265.0996, email us, or return the form on this page.