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Commercial Property Insurance

Commercial Property Insurance

Many businesses operate from storefronts or offices, and even those that rent their business premises have valuable business personal property that are essential to daily operations. Burglaries, fires, storms, and other various perils can wreck damage on your business property and cause major setbacks in your operation, or worse, force you to shut down. A commercial property insurance policy provides coverage for damages to your commercial property, expediting the remediation process and allowing you to be back in business in a timely manner. 

 

Basic Commercial Property Insurance Coverages: 

  • Repair or Replacement - covers damages to a building or business personal property that is lost, damaged, or stolen due to fire, storm, hail, tornado, theft, vandalism and other specified perils. It is important to note that damage resulting from flooding is not covered. Similar to personal flood insurance, business owners can purchase commercial flood insurance to protect their property.
  • Business Income/Extra Expense - covers loss of income as a result of the business' inability to run as usual following a disaster. It also covers expenses that arise to keep the operation in place following an incident.
  • Equipment Breakdown - covers losses arising from breakdown of equipment that is essential to the business' daily operation. 
  • Inland Marine - covers losses to business personal property that is in transit. This coverage is advantageous to businesses that are mobile in nature and that are obliged to carry equipment and/or inventory regularly. 

There are a myriad of additional coverages that can be added to a commercial property insurance policy, depending on what a business's specific needs are. Additionally, different coverage forms are used based on the characteristics of the property insured and the type of operation the business owner is running. Commercial property insurance is absolutely necessary for business owners in Texas and California to ensure smooth operations and longevity of their businesses. Our agents perform a detailed analysis of your operation to ensure your property and business are fully covered in the event of a loss. 

 

Contact Us today for more information about obtaining commercial property insurance. 

 

 

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