Whether you own or manage a business, as you operate from commercial premises, you probably have some signage to encourage your customers to come in. Here, we take a look at how to help protect the investment you’ve made into the signs you have to showcase your business.
In ever more technological times, signage is becoming increasingly advanced, including specialist lighting and digital features. Making sure that your insurance policy covers your signage, and that it reflects any changes to the signage you have at your premises, is essential to remaining covered in the event of loss or damage.
Sizing up your signage
If you own the buildings in which you operate your business,
you’re likely to have taken out cover for your property. This will include the
structure of your building and any permanent fixtures and fittings, plus the
contents within it. You’ll probably have included some other covers within your
policy too, such as business interruption and liabilities.
If you rent your property, your landlord should have
insurance to cover the buildings, and your business insurance policy will
likely include your contents, as well as any other covers you’ve added.
If you’ve taken out cover for your buildings, this may
include your signage. This will vary, though, depending on your insurer and the
policy you have taken out. So, it’s important to check that your signage is
covered and to provide a list of the signage at your premises, together with
values, to your insurer. This is even more important if you rent your business
premises and don’t have property insurance, or if the signage is not
directly attached to or located on your property.
Signage within your premises should also be listed, and this
internal signage will more likely be included as contents. This may include
removable signs on walls or doors, or digital displays.
Keeping your cover up
As your business grows, you may choose to update your signage. Any significant changes to your fixtures and fittings should also be communicated to your insurer, who can make sure you have adequate cover in place. This means that, in the event of accidental damage, vandalism or theft, damage to your signage should be covered, allowing you to repair or replace it.