SOURCE: AccuVal

AccuVal

March 29, 2010 06:00 ET

Business Valuation Company AccuVal Offers Insurance Valuations for Optimal Business Risk Management

MEQUON, WI--(Marketwire - March 29, 2010) -  There are a multitude of risks that are unique to each particular type of business or company, and it is essential to carry insurance to protect against each of these risks. Equally important, however, is making sure to buy the right amount of insurance; appropriately documenting for the value of property; and updating policies annually to include the cost of new improvements, major purchases, increased rebuilding costs and other investments, says business valuation company AccuVal Associates, Inc.

"Companies may struggle with the thought of paying thousands in excess premiums due to overvalued property, but just think about what it would ultimately cost your business to lose millions with undervalued property," said Andy Gronik, President & CEO of AccuVal. "In order to avoid shortfalls, or gaps in coverage, or the converse, too much insurance, every company should review annually its policies, including the value of company buildings and personal property, to determine if their policy is the right size."

AccuVal is an expert at helping companies in more than 100 industry segments understand their risk of loss by providing accurate estimates of replacement cost or insurable value, and quantifying the financial loss that could be associated with a catastrophic event. They provide the tools, information and resources that facilitate informed choices and help companies properly insure their assets. This saves time and money in the event of a loss and helps ensure companies will receive appropriate compensation.

"No matter how careful you are, just one accident or incident can wipe out all your profits and even destroy your business," said Gronik. "By having the right amount of insurance, appropriately documenting the value of property, and reviewing and updating policies annually, you can be prepared should your company or portfolio company suffer a loss or be within the unfortunate proximity of someone else who does."

For additional information on insurance valuations from AccuVal, visit www.accuval.net.

To read more on this subject, visit: http://www.accuval.net/insights/featuredarticle/detail.php?ID=46

About AccuVal:
AccuVal is a global valuation and consulting firm that helps companies "up" their success. They provide a broad range of business valuation, advisory and asset management solutions, including goodwill impairment, fresh start accounting, purchase price allocation, stock valuation, and bond valuation, that empower companies to confidently make strategic business decisions and achieve greater success.

Contact Information

  • Contact:
    AccuVal
    800-852-9252