You need to determine what properties you need to insure for the protection and continued operation of your business. Common types of assets included in property insurance are:
Leased or owned structures
Equipments, supplies and furnishings
Leased machineries and equipments
Inventory (products and materials)
Money and securities
Accounting records
Improvements made on property
Machinery
Boilers
Computers and other electronic devices including appliances
Valuable documents including books
Mobile property
Satellite dishes
Properties not attached to the structure
Intangibles such as patents, trademarks, goodwill and the likes

Most businesses opt to purchase business owner�s policy or BOP. However, since this type of protection has a relatively lower coverage that a standard property insurance, they take out separate policies for additional protection. Most common BOP add-ons which provide the business owner additional security for losses are business interruption insurance and extra-expense insurance.

Another advantage is that you can view your billing and policy information online without the need to go down to the insurance company. And of course, you can pay your insurance premiums via the use of your credit card. Online insurance purchase is a viable option that everyone can easily avail of.

The Texas Windstorm Insurance Association (TWIA) is a pool of property and casualty insurers in Texas. It was established in 1971, after Hurricane Celia forced insurance companies in the region to cease writing business. Its goal is to give Texans wind and hail coverage when it is unavailable in the marketplace and to pay claims in case of losses. It is therefore the provider of “last resort”, not a for-profit company or a state organization. TWIA runs agent workshops from April to June that are approved for continuing education. Learn more about the TWIA and visit their informative FAQs section on their website at www.twia.org.

A survey conducted by Liberty Mutual and the Internation Association of Fire Fighters of revealed interesting results about fire safety in America. Although most respondents were concerned about home fires, many are negligent and lack awareness and education in such situations. It was found that 90 percent of Americans had a basic understanding of the importance of fire safety measures, 7 million have no smoke alarm, 37 million have no fire extinguisher, and 50 million Americans do not have a fire escape plan. Risky behaviors are also common: 26 percent reported leaving food that was cooking unattended, 16 percent said they have disabled the smoke alarm while cooking, 32 percent reported having holiday lights on when they were not home; and 12 percent said they have left candles burning unattended. Many other misconceptions were brought to light by the survey, showing the need for a better understanding of the causes of fire and what can be done to prevent it.

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Auctions are the riskiest methods of all. You set up a minimum price and let people put the price on your house. The initial selling price should not be so high so as to discourage bidding but should not be so low that buyers can take advantage of the seller. Done the right way, it can be an excellent way to market property. It also lets the seller know exactly how much people are willing to pay for the quality of his property. Buyers however should caution not to be caught in the auction mentality and to give the place an inspection prior to bidding.