Green Up Your Business Insurance

Happy Earth Day from Professional Insurors

Today is the 52nd anniversary of Earth Day.

While there are many things you can do as an individual each day to help our planet, there are also ways to clean up your current business insurance and reduce your risk portfolio.

GO PAPERLESS

Many insurance agencies, including Professional Insurors, offer paperless billing solutions which can help reduce clutter in your office and overall save you time and money when ordering supplies.

LIGHTBULBS

It’s easy to forget about the lights that we flip off and on each day, but switching to LED lightbulbs are a great way to green your business. LEDs don’t release toxic gases like incandescent lights aiding in the overall health of employees, and they also last longer giving employees fewer opportunities to have to stand on a chair and replace them – which could potentially result in a work comp claim.

COMMERCIAL AUTO SAFETY

Following fuel efficiency guidelines while driving your companies’ vehicles can reduce energy use and improve safety. Fewer accidents and claims can mean lower rates on commercial auto.

GREEN ENDORSEMENTS FOR COMMERCIAL PROPERTY INSURANCE:

Imagine your building suffers a loss and you want (or need) to go green when repairing or replacing the insured property. Most standard property policies will not include wording that specifically recognizes and covers the cost increase of green materials. However, you can add on green endorsement to commercial property policies. These green endorsements can include coverage for:

• Green Materials & Equipment – A green endorsement on your commercial property insurance will cover the higher cost of environmentally certified materials, even if your original property was not green.

• Green Construction & Related Costs – Covers the costs for green design and engineering, recycling, and other costs.

Going green means leaving less of a carbon footprint, but it can also improve safety. While green endorsement policies may cost more, having a green building could ultimately protect and save your property in the long run. As green insurance continues to grow and evolve, always speak with your insurance professional about coverages and they will keep you up-to-date on all that’s going on in the green space.