When Should I File a Commercial Insurance Claim for Theft

Theft is a growing problem for many small businesses. When it happens, you are left with financial loss that could impact your ability to continue to run your business. Sometimes, theft is significant enough that you should report it to the police and, as a result, file an insurance claim. Knowing when to act is important, and that’s not always easy to do.

At Carminucci Agency, we can help you protect your business from a wide range of risks. If you need commercial insurance in Croton Falls, NY, give us a call for a quote.

When to File an Insurance Claim

Your commercial insurance typically will provide coverage for theft. That means you need to contact your insurance company and let them investigate the claim and, ultimately, seek action. You will need to file a police report as a starting point. It may be beneficial to take this action when:

• You have losses that are higher than your deductible. Most policies have a deductible that must be met by you first before the insurance covers the remaining losses you have. Make sure your theft loss is over this threshold.
• It has a high financial impact. If you must replace stolen equipment or goods due to theft, and that is going to cause financial hardship on your business, it is best to file a claim.
• Major business disruption. You also will benefit from filing an insurance claim if the loss causes significant operational loss. That may mean you need to turn to your interruption coverage to protect your financial obligations while you get back on track.

Get the Coverage You Need to Protect Your Business

Set up some time to speak to Carminucci Agency about your coverage. We can help you obtain commercial insurance in Croton Falls, NY, that gives you peace of mind.