Business Contents Insurance Basics

Let’s break down one aspect of Glen Carbon IL business insurance: Commercial contents. Put simply, business contents insurance covers everything not nailed, screwed, or permanently glued down. 

What Is Commercial Contents Insurance? 

Often packaged with commercial property insurance, commercial contents insurance covers the collected equipment, inventory, furniture, and other contents of your place of business against damages and can cover the cost of replacement or repair if your business contents are damaged. 

What Qualifies as Contents in Glen Carbon, IL? 

Anything permanently attached to your commercial building does not qualify as contents, but something temporarily affixed might. A good rule of thumb is if it could be easily removed and moved, it’s contents. If it would require an expert or crew to remove, it’s part of the building. If you aren’t sure, give Goshen Group Inc. a call and we can help you understand your policy. Common content categories include: 

  • Furniture
  • Computer Equipment
  • Unique Art and Artifacts
  • Inventory
  • Works-In-Progress
  • Items Stored In Trailers or Outbuildings
  • Sound Equipment
  • Raw Materials
  • Appliances
  • Stock

A Word On Mobile Equipment

Mobile equipment includes backhoes, skid steers, tractors, forklifts, and other construction equipment that doesn’t require a motor vehicle license. Mobile equipment meets the ‘not nailed, screwed, or glued’ criteria, but they are also subject to greater risk as they leave the property. They will therefore cost more to insure. They are typically listed in their own category. 

Building a Better Commercial Contents Inventory

To understand your coverage needs, you can start with an inventory list plus a depreciation schedule. Don’t rely solely on your accounting software. Take physical inventory to ensure everything is protected. Inspect outbuildings, sheds, and employee break rooms and document what you discover.

Contact Us Today

Policy details and needs vary. Our friendly staff at Goshen Group Inc in Glen Carbon, IL is ready to provide clear, straightforward answers to your insurance questions.