The California Business Insurance Benefits of Going Green!
Most people are aware of the long-term business benefits of going green. While so much green technology is still in developmental stages, the short-term costs of adopting an ecologically friendly policy can be higher than less environmentally conscious options. As the initiative to move forward with environmentally responsible technologies increases, there are some California business insurance options that can help with the financial costs of going green.
Commercial auto policies are one area in which the green insurance options have expanded rapidly. Some insurance companies offer significant discounts for hybrid vehicles, or policies that will help you replace your existing car with a hybrid vehicle in the event that the former is totaled in an accident. Vehicles that use alternative fuels – biodiesel, electricity, natural gas, hydrogen or ethanol – can also be eligible for premium discounts.
Certain endorsements offer building owners the possibility of replacing standard building materials and operating systems with green alternatives after a total loss. These could include:
• Energy efficient electrical equipment and lighting
• Water efficient plumbing systems
• Non toxic and/or low-odor paints
• Eco friendly carpeting
• Green certified rebuilding
Your contribution to a safer and more sustainable environment may cost you more to begin with, but it really is an investment in the future. The more businesses begin to make environmentally based decisions in their building and practices, the more demand there will be for California business insurance options that reflect those changes. You and your business can be part of creating a newer, safer environment!