Commercial Property Insurance
Commercial property insurance is a way for business owners to protect themselves from unforeseen circumstances, such as natural disasters, fires, criminal theft and other calamities that may damage important commercial properties. It is a way to protect a business’ physical goods like buildings, signs, equipment and other potentially valuable goods as well as employees’ personal property. Other options include business interruption coverage and machinery coverage, though specific coverage will vary based on policy and the needs of the business.
Types of Policies:
Commercial property insurance is a way for business owners to protect themselves from unforeseen circumstances, such as natural disasters, fires, criminal theft and other calamities that may damage important commercial properties. It is a way to protect a business’ physical goods like buildings, signs, equipment and other potentially valuable goods as well as employees’ personal property. Other options include business interruption coverage and machinery coverage, though specific coverage will vary based on policy and the needs of the business.
Types of Coverages:
The two most common types of commercial insurance are replacement cost coverage and actual value coverage. Replacement cost coverage pays to replace damaged property with new property of roughly similar quality. Actual value coverage pays for the replacement cost of the property, minus depreciation costs for things like wear and tear and aging. Some policies use a combination of both when deciding how to reimburse you.
Cover your important property with our commercial building coverage. We offer affordable policies for:
- Apartment Units (5 & more)
- Church buildings
- Restaurants
- Offices
- Vacant buildings
- Etc...
