As a business owner in Fort Lauderdale, FL, you deserve to keep your business inventory safe from theft. If you don’t have commercial insurance to cover your losses, we at Coastal Wealth Insurance, LLC are here to show you why it is necessary to get it as soon as possible.
Commercial Insurance Covers Inventory Loss
When you take out commercial insurance on your business, it covers all forms of inventory loss. This includes damage from fires, floods, earthquakes, and other natural disasters. However, it also covers a variety of different types of theft. There are two main theft losses you’re likely to suffer from as a business owner: theft from your employees and theft from outside forces.
Employee Theft May Occur
One thing that business owners may not be ready for is when employees steal from their inventory. This unfortunate situation is actually more likely to occur than any other type of robbery. Thankfully, your commercial insurance will cover it.
That said, you need to make sure you follow a variety of steps to get this theft covered. For example, you are likely to need to fill out a very detailed claim notice and provide documentation that shows your employees stole from you.
Outside Theft Is Also Covered
What about if customers or thieves break into your business and steal your inventory? Don’t worry, your business insurance should have you covered. Commercial insurance is designed to cover the cost of replacing your inventory if outside forces steal it.
Your rates are likely to go down if you install cameras and other security devices in your facility. In fact, your payouts from the company could increase if you take these security measures.
Please contact us at Coastal Wealth Insurance, LLC if you need commercial insurance in the Fort Lauderdale, FL area. We will get you the coverage you need to protect your inventory.