Commercial Property Insurance

What you need to know about commercial property insurance:

A complete business property insurance plan is one of the essential investments in your business. It protects the costly, physical assets of your company such as the building, its contents and any outdoor fixtures such as signs and fencing you own or lease.

Commercial property insurance plans vary from policy to policy.

They are categorized by the type of event leading to a loss, and by what specifically is insured.

Basic property insurance usually covers losses caused by fires or explosions, theft, damage from vehicles or airplanes or acts of vandalism. Additional coverage can be added for earthquakes & floods.

Your insurance agent can work with you to make sure you have adequate property insurance coverage.

In the event of a loss or claim, contact our office immediately to ensure that your claim will be handled efficiently.

Boiler & Machinery Coverage and Equipment Breakdown

Many agents do not understand the terms boiler and machinery insurance/equipment breakdown coverage. Due to this confusion, many businesses suffer millions of dollars in losses each year. It is critical for agents and clients to understand that this coverage protects against the breakdown of equipment, a peril that is most often not covered by a typical property policy. For example, if a business owner suffers a loss because of a fire, flood, wind, quake or theft, the owner generally has coverage under the business’ property policy. However, if any equipment were to actually break down, coverage would not be furnished unless he or she specifically had breakdown coverage.