Commercial Property Insurance

Commercial property insurance protects your property, as well as inventory or assets, against loss or damage caused by theft, an accident or some other means. Your business property insurance protects you even if the property is away from your place of business when it is damaged or lost. The policy covers your costs to replace or repair the property and, in some instances, compensates you for items that cannot be replaced.

Companies frequently purchase commercial property insurance as a part of a Business Owner's Policy, which offers a way for low-risk companies to purchase two of the most valuable types of insurance - business property insurance and commercial general liability insurance - in a single, affordable package.

How Does Property Insurance Protect Your Business?

Commercial property insurance is one of the first types of insurance you should look into when you launch a new enterprise. If you don't own the building where you do business, you'll only need to cover the building's contents. The basic commercial property insurance policy protects your investment in fixtures, furniture, office equipment, inventory and the supplies that you store either at your business location or off-site.

How Can Commercial Property Insurance Help Your Company?

How fast your company gets back up and running can mean all the difference in its long term recovery. Aid in recovery after a loss will minimize downtime, which is critical for maintaining business continuity, retaining customer base and market share.

This coverage will also help you to replace lost contents, damaged or lost equipment, furnishings, material goods, supplies and product inventory in a timely manner. 

The stress of potentially losing income can create a major burden on you and your business. Commercial Property Insurance will provide relief from lost business income and extraordinary recovery costs during any downtime. Even if you do make money while recovering, there may be extraordinary costs to keep your operation running. These may be also covered.

Property insurance can act as a safeguard against numerous threats. Whether your business suffers winter storms, fire, hail, tornadoes, water damage, or any one of the myriad other possibilities, property insurance coverage can help keep your company afloat.

Your commercial property insurance will likely not protect your business in case of earthquakes or floods. You will need to buy an additional policy for these particular catastrophes to be covered. 

Contact us to find out what other kinds of coverages you may need.