Call Us (504) 556-0809 ☰ ˟
Logo
Español
New Orleans: (504) 556-0809 River Parish: (985) 331-9077 Text River Parish: (985) 722-8447
  • Home
  • Coverage
    • Automobile
    • BOP (Business Owners Policy)
    • Builders Risk
    • Business & Commercial
    • Commercial Auto
    • Commercial Property
    • Contractors
    • Cyber Liability
    • Dental
    • Flood
    • General Liability
    • Health
    • Homeowners
    • Hurricane
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Watercraft & Boat
    • Windstorm
    • Workers Compensation
  • Get A Quote
    • Automobile
    • Business
    • Commercial Property
    • Flood
    • Health
    • Homeowners
    • Hurricane
    • Life
    • Recreational Vehicle
    • Renters
    • Windstorm
  • Customer Service
  • Blog
  • Make A Payment
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
    • Homeowners Insurance in Louisiana: How to Save on Soaring Costs
  • About Us
    • About Dave Millet Insurance Agency
    • Our LocationsImage of right arrow
      • Metairie, LA
    • Employee Directory
    • Partners
    • Customer Testimonials
    • Privacy Policy
  • Contact

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More

Contractors

We browse through a wide variety of coverages and find the right one for you.

Learn More

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More

Health

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > How to Review Your Business Insurance for Asset Protection
MONDAY, DECEMBER 2, 2024

How to Review Your Business Insurance for Asset Protection

If your coverage does not change along with your business, you could suffer losses. You might leave yourself open to risks for which you don't have protection. A review of your business assets is a good place to start.

Determine Existing Assets two men facing each other while shake hands and smiling

The best first step is to know what assets your company owns. Your business insurance will list all real estate on it. This includes leased or owned property. It should include any outbuildings, sheds, signage, trailers, or other property. Be sure it lists any specific asset by name. You want to be sure this information is accurate. Then, answer the following questions:

  • Do you still own these items as a part of your business?
  • Did you add any new assets to the business in the last year?
  • Has the value of these items appreciated or depreciated over the last year?
  • Can you replace these items easily if lost?
  • Do you still use these items as a component of your business?

These questions give you insight into what your coverage is and how well it is working for you right now. Be sure to update it by calling your business insurance agent.

Consider New Risks

Naming assets on your insurance is a good first step, but not the only thing you need to do. You also need to be sure the risks your company faces are the same.

To do this, work with your insurance agent. Discuss risks in your area such as crime rates. You may also want to consider weather events. The value of rebuilding your real estate can also play a role. If the cost to rebuild increased over the last year or so, you may need to improve your coverage. You want your policy to cover the total cost of rebuilding, especially as construction costs rise.

Business insurance is only as good as the details. If your coverage does not match the risk and value of the property you own, your agent can help you. The process takes updating your coverage. It may mean adding more protection or removing some. The key here is to learn what to expect from your policy. If the policy matches your needs, you will gain the peace of mind knowing your assets have protection.

Posted 4:36 PM

Tags: business insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2015
  • 2014

  • home insurance(24)
  • dave millet insurance agency(17)
  • insurance(15)
  • business insurance(12)
  • contractors insurance(11)
  • louisiana(10)
  • metairie(9)
  • workers compensation insurance(7)
  • flood insurance(7)
  • auto insurance(6)
  • general liability insurance(6)
  • homeowners insurance(5)
  • commercial insurance(4)
  • dave millet insurance(3)
  • commercial auto insurance(3)
  • boat insurance(3)
  • renters insurance(3)
  • laplace(2)
  • motorcycle insurance(2)
  • health insurance(2)
  • homeowners(2)
  • auto(2)
  • new orleans(2)
  • home(1)
  • short term disability(1)
  • metarie(1)
  • pests(1)
  • holiday(1)
  • car maintenance(1)
  • office safety(1)
  • vehicles(1)
  • mobile home insurance(1)
  • laplace la insurance(1)
  • general liability(1)
  • maintenance(1)
  • fire safety equipment(1)
  • cyber liability insurance(1)
  • disability insurance(1)
  • tires(1)
  • tenant insurance(1)
  • employee(1)
  • car insurance(1)
  • coolant(1)
  • rv insurance(1)
  • long term disability(1)
  • windstorm(1)
  • bad weather(1)
  • business owners(1)
  • builders(1)
  • commercial(1)

View Mobile Version

Call Us Today!

New Orleans

(504) 556-0809

River Parish

(985) 331-9077

Text River Parish

(985) 722-8447

Contact Us
Facebook Twitter LinkedIn Google Maps

Resources

  • Get a Quote
  • Customer Service
  • Payment Options
  • Report a Claim
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

New Orleans: 2305 Veterans Memorial Blvd, Suite F | Metairie, LA 70002
River Parish: 13385 Highway 90 | Boutte, LA 70039
P: (504) 556-0809 | P: (985) 331-9077 | Text River Parish: (985) 722-8447 | F: (985) 331-9844
© Copyright 2025. All rights reserved. | Powered by Insurance Website Builder