Commercial Property Insurance

What is Commercial Property Insurance?

Commercial Property insurance, sometimes called Business Property Insurance, covers the physical assets of your business and protects you from minor and/or major losses due to property damage that occurs as a result of things like a fire, theft, storms and other natural disasters.

Do I Need Commercial Property Insurance?

No matter what your business does or what industry you’re in, all businesses are susceptible to property damage. From natural catastrophes causing serious damage to business property, to theft and malicious damage from vandals, it’s imperative that your property is covered. It is important to accurately value your property and the assets within it to ensure you are adequately covered.

What Does Business Property Insurance Typically Cover?

Commercial Property Insurance covers the physical building as well as any equipment, including the contents of the building.  A typical business property insurance policy will cover:

  • Reimbursement for lost income and incurred expenses relating to business interruption due to covered damages.
  • Building, structures, equipment, machinery, inventory
  • Reimbursement for loss of computers, media equipment and peripheral devices; costs incurred to research, replace or repair lost or damaged data and software; includes portable or mobile equipment and media.
  • Replacement cost for any fixtures, merchandise, furniture, and other items or materials.
  • Accidental damage to a customer’s equipment that is in your care and custody.
  • Covers any monies or securities used in your business that are destroyed, lost or stolen.

How Much Does Business Property Insurance Cost?

The cost of a business property insurance policy will depend on your business size, the amount of protection you want and any state required limits you’ll need to meet. The best way to get a true idea of cost is to get a quote specifically for your business and to review it carefully to make sure all of your concerns are truly covered. Filling out a quote request form will help start the process.

Let us help you make an informed decision about your business insurance needs.  Our licensed agents specialize in helping small businesses obtain the best coverage at the best price, give us a call today at 888-834-8619.

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