Small Business Property Insurance Info: What Are Factors That Affect the Cost of Coverage?

No matter how big or small your business property is, it’s a good idea to have it insured. You never know when somebody might become injured on it, or when a thief might steal something or cause damage to it. There are also natural disasters to worry about, like fire and hail. Like any type of insurance, the internet is filled with information about small business property insurance, some of which is useless information and some very helpful.

The cost of insurance varies depending on multiple factors. Some providers will allow small business owners to include commercial property insurance in a BOP (business owner’s policy), which is basically a bundled package of various types of insurance. In some instances, the cost of the package as a whole is actually less than the underlying policies if you were to purchase them separately.

Here are some of the factors that will affect the price:

• Size of the premise. Obviously, a large commercial property will typically cost more to cover than a small property or single unit of office space.

• The geography. Where, exactly, your business is physically located plays an important role in how much small business property insurance you’ll have to pay. This includes the state and city, crime rate in that neighborhood, land value, and so forth.

Safety and Security Demands for Small Business Property Insurance

• The amount of safety and security. Do you have any security equipment setup on the property? Are there any hazardous materials stored in the facility or nearby? Is the landscape kept neat and clean? Is there any object someone could potentially trip over?

• Age and type of equipment. Obviously, heavy industrial equipment is going to cost more to insure than an at-home desktop. As for age, you’ll probably have to pay a higher premium if the equipment is older and contains parts that are difficult to come by now, therefore making it more difficult to repair or replace.

• Age of the building. Older buildings are more susceptible to damage and will cost more to insure. Find out if you could save money in the long run by investing in renovations and remodeling, or if any discounts are available for making certain upgrades.


Why Money Is Failing

Anything invented by man has a short life before it fades away, and money is no exception. Invented for trade and then the wealth of those who made it their god they become so attached that it occupies their mind constantly. That means they have no room for listening to the Spirit voice within them, and they suffer the consequences. As their wealth grows many die horrible deaths from incurable diseases, suicide, or other.

The world’s economic future is now dire as manipulation of currencies and such take priorities. Wars are about money and power and we are rapidly coming to a major confrontation that will see the planet change as never before.

Already with climate change, scarcity of water, draught, famine, disease, and other things mounting pressure on countries and their economy the last thing it required was a war on trade. How will that play out in the light of the other problems the world faces?

The only place money is generated is from the environment. Whether its crops replacing forests, or animals targeted for food or pleasure, nothing about it is good for the planet. Mining minerals, oil, gas, and other things is depleting the air of oxygen while causing CO2 to dominate the atmosphere.

Overfishing of oceans and the inexcusable destruction of unwanted species is horrendous. The wastage of excesses is disgusting while the extinction of species of animals and plants the benefit of which is not yet understood is horrifying. Yet man continues on his destruction because he does not know and possibly cannot now live without money.

While its initial purpose was trade it has become so entrenched in our lives that we are asked to pay for just about everything we depend on to survive. That forces everyone to earn it or come by it in some other way. So how long can we survive with it?

The reality it that countries are already so corrupt that the governments are syphoning off the profits and people are starving. This is seen in several place as the rest of the world watches. In some regions so-called civil wars rage on as populations flee while seeking refuge and safety. As they go many of their numbers fall and die.

Money is the root of corruption and criminality and, like religion, it is so entrenched in the human psyche that nothing short of complete annihilation of the species will end it. That is rapidly coming to fruition as the planet struggles to survive, people die in their millions, but the birth rate overtakes the numbers of deaths by millions more. That is why money is failing as it’s a death sentence humans have inflicted upon themselves.