FRIDAY, JANUARY 20, 2012
Going green is a growing trend among both consumers and businesses. It’s a great way to protect the environment, reduce dependence on oil, and focus on sustainability. Going green doesn’t just help reduce harmful pollutants and oil use though; it can also save you money on your commercial insurance policies.
Cashing in on the Green
Not every eco-friendly decision you make for your business will result in insurance discounts. Going paperless and reducing heating and air conditioning usage won’t result in any discounts, although these moves can save you money in other ways. If you want to focus on the changes that will result in insurance discounts, the first place you can go is to your vehicle fleet. Hybrid vehicles are often rewarded with discounts by insurers as they present less risk of accident and loss through theft.
Another way to get green discounts on commercial insurance is to invest in sustainable supplies when renovating or building your business locations. If your business is Leadership in Energy and Environmental Design (LEED) compliant, you can get discounts built into your commercial property policy. More important than discounts, perhaps, is that green commercial insurance covers the specialized materials that are used to create a LEED compliant building. This is because their policies provide replacement costs and specify that the replacement can be of like kind and quality; an important distinction from a non-green policy that may not support the purchase of sustainable building supplies.
For businesses that own older with non-LEED compliant buildings, there are no green discounts to be had but they may invest in green building upgrade coverage. Then, if a covered event causes damage that requires rebuilding or renovation, the business owner can build with certain sustainable, eco-friendly products that might not otherwise be covered.
Allow All About Insurance to help you maximize all the benefits that having a green business can offer. Together we can get your Dallas or Arlington business insurance coverage where it needs to be to offer you full protection from risks while supporting your effort to go green.
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