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RMIIA News Briefs
As Old Man Winter Makes His First Major Appearance in Colorado—Drivers and Homeowners Need to Gear Up on Their Insurance Know How! With a week that started with 80 degree temperatures Coloradans may be a bit rusty on how to handle winter weather conditions, so an insurance reminder can take the shock value out of what is expected to be the state's first major snow storm of the winter season. More...
"Puffer Week" Enforcement
January 15-21, 2012
Colorado Auto Theft Investigators (CATI) and Coloradans Against Auto Theft (CAAT) are teaming up the week of January 15-21 to raise public awareness of "puffers"—a term coined by car thieves to describe a vehicle left running unattended. More...
The one-year anniversary of Boulder County's Fourmile Canyon Fire is marked by devastating wildfires consuming hundreds of homes in Texas. Both are tragic reminders to homeowners to check on insurance coverages and take steps to protect your property. Click here for RMIIA's Wildfire & Insurance Guides.
Business or Commercial Insurance
Businesses, like individuals, need to carry insurance. Why? What if someone slips on your office stairs or is injured by a faulty product? An employee drops a heavy box on her foot? Someone claims their reputation was hurt by something published in your newsletter? Or, what if a fire damages or destroys your office? Commercial insurance is there to protect and defend your business, and to get you back to business in the event of a disaster or sudden, unexpected loss.

Commercial insurance comes in many packages which can be uniquely tailored to fit the needs of different kinds of businesses and their “loss exposures.” A loss exposure is the possibility that financial loss will occur due to damage, loss of use, or someone claiming financial damages – for example, the possibility that a fire could damage your office is a loss exposure. Generally, a commercial policy package consists of liability and property insurance. However, you may also customize your insurance package with other insurance products depending on your needs.

Some examples of other products available to businesses:

Talk to an insurer who understands your business and your potential exposures. To find a company or agent, you might see who insures businesses similar to your own. Ask industry peers or a business trade association for recommendations.

Depending on the size and nature of your business, you might qualify for a Business Owners Policy (BOP). It is a more generic package of property and liability coverage suitable to a wide variety of smaller businesses.

Additional information: Home-based businesses | Insuring your small business

Creating A Business Inventory

Know Your Stuff® – Business Inventory is the Insurance Information Institute's online inventory software specifically designed for businesses. An up-to-date Business Inventory is an important component of disaster planning. It can help you:

  • Purchase the right amount and type of insurance
  • Substantiate property losses to make filing an insurance claim faster and easier

Create your business inventory now!