Commercial property insurance coverage is designed to protect you from the cost of building repairs or replacing your business’s personal property, such as inventory, equipment, supplies, fixtures, or furnishings, in the event of damage or loss. This coverage can help you replace the business assets you need quickly, so you can keep the doors open if the unexpected happens. In some cases, you can even be compensated for items that can’t be repaired or replaced. Your business can benefit from commercial property protection against:
- Building Repairs: Whether you own or rent, repairs are covered when severe weather, fire, or vandalism strikes your place of business.
- Stolen Property: Your business assets and any client property in your possession is covered against theft and burglary.
- Equipment Loss: Even on the go, commercial property insurance can protect your business equipment such as laptops or tablets.
- Accidental Damage: Your equipment, office furniture, inventory, and supplies are defended against even accidental damage.
FAQ
Commercial property insurance is designed to protect your business assets—such as buildings, inventory, and equipment—against losses caused by events like fire, theft, or vandalism.
Yes, commercial property insurance is designed to protect business equipment like laptops or tablets, even when used off-site, though coverage limits may apply.
Business interruption coverage can often be added to a commercial property policy. This is designed to protect you against lost income if your operations are temporarily shut down due to a covered event.
Yes, commercial property insurance is meant to cover client property in your possession if it is stolen or damaged under your care.
The amount of coverage you need is meant to reflect the cost to repair or replace your business property if the unexpected happens. An insurance professional can help you determine the right amount based on your business’s assets and risks.