Agency Blog

Find the Right Commercial Property Insurance for Your Business

You have worked hard building and maintaining a successful business, and you want to be sure that time and energy is protected when the unthinkable happens. Whether you’re in the business of food service, retail, manufacturing or professional services, you need a commercial property insurance policy that meets your needs. No two businesses are exactly alike, and neither should their coverage be identical.

Every commercial venture needs protection against fire, severe weather, theft, vandalism and other risks. If you are still paying off loans on your property or equipment, your lender may require you to insure the structure, contents or both. Even if all property is owned free and clear, you want protection in the event anything is damaged or stolen.

Most commercial property insurance policies include coverage for your building itself, equipment and inventory. Some policies also cover business interruption costs associated with damaged or stolen equipment or inventory. This type of protection is vital for those businesses that rely heavily on working equipment. One major business disruption can spell closed doors if the damage is not covered.

The type of policy a retailer needs will vary considerably from the type of policy a manufacturer needs. Similarly, a professional consultant will require a policy designed for their unique risks, which are far different from a construction business.

Your location also determines the amount and type of business property insurance you may need. If your company is located near or in a known flood zone, you may be required to carry flood insurance, which is sold separately from standard policies. You may need hurricane or earthquake coverage if your operations are located in areas frequented by these weather events.

No matter where or what your business interest may be, you need an insurance agent who works for you and not the insurance company. Our knowledgeable agents can identify your business property risks, suggest coverage options, and assist you in finding a number of quotes from a variety of insurance providers. We can ensure the policy you choose will offer the best coverage at the most competitive rates. Contact us to find out how you can be certain your business remains successful.

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