Commercial Property
Commercial property insurance helps businesses pay to repair or replace buildings and other property damaged or destroyed because of fires and storms, replace stolen or lost property and even pay for lost income. Small businesses can buy property insurance regardless of whether they own or lease a building. These policies will provide either replacement cost or actual cash value coverage. Depending on the type of business you own and where it’s located, you may also want to consider crime coverage and/or flood insurance.
Common Business Property Coverages
- Buildings- owned or occupied
- Business property (in & around the building: desks, computers, furniture, employees tools, etc)
- Business income/interruption
- Mobile equipment/inland marine (forklifts, tools, anything that leaves your location)
- Boiler and machinery
- Stock or inventory
- Documents & records
- Ordinance or law