Tag Archives: business insurance quote
A typical commercial insurance policy does not provide coverage for the physical loss or damage to a laptop. It will also not cover your legal “data breach” requirements if your device was storing customer, vendor and employee information. You will need to purchase an inland marine policy (or an electronic data processing policy) to cover the laptop and “data breach” coverage to your policy to cover the costs associated with loss of that information.
In addition, subcontractors’ wages may be included in your final premium calculation unless they have provided your business with an approved liability and workers compensation certificate of insurance or exclusion form.
Let’s talk… Changes in the insurance industry that can impact the price you pay. If you have questions or concerns after reviewing this information, please contact us online, by telephone, or email (see contact info below). Your Michigan Insurance Agent at Kemner Iott Benz wants to help!
Another business we insure is thanking us for helping them understand why they should add “Money and Securities” coverage to their insurance policies, as cash in their store recently was stolen.
Any organization with cash on site is at risk of loss due to theft or burglary. Don’t just assume that money is covered or that your coverage is adequate!