Importance Of A Business Inventory

inventory word in wood typeBusiness Inventory

You probably know just how important it is to have a home inventory. However, if you own a business, it is just as important to create an inventory for all of your business’s assets. While you could probably remember the big items if you ever have to make a claim, chances are that you will not be able to remember every single item that you keep at your business. Creating an inventory is the best way to ensure that you are fully reimbursed for any item that is destroyed.

When creating an inventory for your business, make sure to include every single asset that you have. Everything from signage and security cameras to fixtures and furniture should be included in your inventory. Make sure that all the physical assets of your company are included in the inventory to ensure that they will be replaced as fast as possible.

Your inventory should also include descriptions of each item that you list, including serial numbers if possible. Try to include the value of each item with the date that it was purchased. Saving all your receipts will help to make the process much easier since you will have definite proof of the value.

After your inventory is complete, make a copy. If possible, keep both a digital copy as well as a hard copy. Keep the copies in a safe location to ensure that you can access the inventory in case of a disaster.

Having the right commercial insurance policies is the best way to ensure that you and your business are protected in case of any disaster. Contact the insurance experts at DG&M Agency in Rochester, New York for all your business insurance needs. We will work with you to ensure that you have the right amount of coverage, all at the right price.