Rochester, New York
1819 E Ridge Rd
Rochester, NY 14622
(585) 467-4110

3 Assets Covered by Business Insurance March 4, 2020

Rochester, Rochester, NY
3 Assets Covered by Business Insurance, Rochester, New York

Business insurance protects an owner's investment in their enterprise by providing compensation for covered losses. As a result, an owner has peace of mind knowing that their business is safeguarded and that they won't face economic hardship from an unforeseen tragedy or mishap. Here are a few assets typically protected by business insurance.

What Is Covered by Business Insurance?

1. Property Damage

In general, a business policy covers the physical structure of the company and the tools and equipment used throughout the normal course of work. For example, a fire or an employee accident with a piece of equipment can mean substantial financial losses to the owner. Insurance covers losses like these up to the stated plan limits.

2. Ruined or Stolen Inventory

business insuranceSeveral scenarios can pose a serious risk to your business's inventory. Fires, extreme weather events, and burst pipes will destroy inventory in the blink of an eye. Also, theft can be costly, as replacing stolen items is a significant expense. Insurance covers these losses and ensures that the business has the resources to replace or repair damaged inventory.

3. Income Loss

Events like those described above can mean that an owner has to shut down their business for repairs or renovations or wait for new inventory to arrive. Closing up shop will undoubtedly impact the business's bottom line. Insurance replaces lost profits and can supplement operating expenses and payroll during the time your business is out of commission.


Carrying business insurance is one of the best protective measures you can take. The commercial insurance professionals at Consolidated Agency Inc in Rochester, NY, will help you explore all available options to find the most effective solutions for your business and budget. Since 1988, they have been serving home and business owners throughout Monroe County. They also offer home, auto, motorcycle, liability, and umbrella policies. Call (585) 467-4110 or visit their website to request a quote. Find out more about them on Facebook.

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