Insurance Partner of Ruhl & Ruhl REALTORS & NAI Ruhl Commercial Company
Auto Insurance AUTO Read More
Homeowners Insurance HOME Read More
Business Insurance BUSINESS Read More
Life Insurance LIFE Read More
Health Insurance HEALTH Read More
Recreational Insurance RECREATIONAL Read More

You may be relying less and less on hard copies of your valuable papers and records and transitioning to electronic filling instead. Even so, your hard
copies still need to be protected in case you experience a catastrophic loss, like a fire or a natural disaster. Although you may have some existing coverage for valuable papers with a personal property form or standard business owners policy, this coverage is fairly limited and may not be adequate to meet your needs. This is where valuable papers and records coverage can help you rebuild your business after a loss. To put it into perspective, analyze your business needs and see what it would cost to replace your record: * Would you need to hire temporary employees to help replace the papers?  * How many hours of work would it take to replace the papers? * Would you need to obtain original versions? * Would you need to recreate original work, like home inspections, surveys or maps? If you consider the actual costs, you may realize you need more coverage than you currently have. What is considered valuable paper? Valuable papers are documents that are critical to your business and do not have duplicates. A policy may say it covers "written or printed documents, manuscripts and records," which could include invoices, client lists, contracts, loan documents and medical or employee records. Valuable papers generally do not include money, data records, securities and records stored electronically, so make sure you have additional coverage for those things. 

Posted 12:37 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
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
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016

View Mobile Version
© Copyright. All rights reserved.
Powered by Insurance Website Builder