Businessowners Personal Property…
Most commercial risks have a set amount of contents or business personal property, whose value will remain relatively consistent throughout the year. This usually includes such items as fixed inventory. In addition, some risks will have items such as raw material, supplies, and finished stock whose value will decrease or increase substantially, dependent upon the season or the amount of orders for work the business has received. This is called fluctuating inventory.
For those risks whose contents do not fluctuate, the normal business personal property coverage is sufficient. However, for a risk whose inventory fluctuates, options such as a value reporting form or a peak season endorsement should be considered.
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