Top pick: CoverWallet
- Compare quotes from multiple companies
- Easily contact a personal advise
- Find industry-specific options
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
The insurance you need for your assets depends on the kind of property you’re protecting and its value. You can take out coverage for everything from buildings and equipment to machinery repairs and lost revenue. But make sure you don’t over-insure by keeping a detailed list of your assets and reassessing your needs at least once a year.
Business assets insurance is a package of insurance that covers physical goods and resources your business owns. The term doesn’t refer to any one specific type of insurance, and the insurance you need may depend on your business or industry.
Some coverage may be required, such as commercial property insurance if you’re financing your company’s office.
Your business might need an assortment of insurance to protect different assets and situations. Here are options to consider:
Buying the right insurance for business assets comes down to those assets’ value to your business. That includes their market value and the value they create through revenue.
Insurance providers take a number of factors into account when calculating your premiums. This process involves determining the risks your business faces and the likelihood of dealing with a claim. Factors an insurer looks at:
Policies that cover business assets may add important exclusions, although these can differ from one policy to the next. Typical exclusions to watch for:
It’s important to keep a detailed inventory of your business’s assets and their value. Follow these steps to help you determine your property’s value for both business taxes and insurance purposes:
Insuring your company’s assets can offer much-needed financial protection for resources your company uses to bring in revenue. You’ll need to consider the types of property damage you’re most likely to face, your property’s value and how damage could affect your business. That way you can buy the business insurance coverage that best protects your property.
A stock’s price-to-earnings ratio can help you decide whether to include it in your portfolio.
Safe drivers and electric car owners could see cheap rates, but its claims process isn’t perfect.
Learn how to use DeFi aggregator Yearn Finance to earn interest on your cryptocurrency.
Get a low-cost policy for liability expenses that exceed your car or home insurance coverage.
Edward Jones is a full-service brokerage firm that grants every investment account access to a financial advisor.
Binance and Coinbase are two titans of cryptocurrency – let’s see how the two stack up and find out which suits your needs.
The Chase United Quest piles on the perks without breaking the bank.
Learn about what will happen to your home loan when you die and how to avoid any nasty situations with some pre-planning.
Receive extra liability coverage with an umbrella policy from these top insurers, though they may require you to have car insurance through them.
An EIDL will now cover two years of working capital expenses for businesses affected by COVID-19.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.