Understanding Your Commercial Property Insurance Better
Commercial property insurance is designed to offer a wide variety of protections for your business. As a business owner, you want to protect all of your business property from accidents, disasters, and the unexpected. While commercial property insurance can do this, every policy has its limits. Take a look at what standard policies do and do not cover so that you can be better prepared to fill in the gaps and safeguard your business.
Commercial Property Insurance Cover
Basic business property insurance coverage usually provides protection against:
- Fire
- Vandalism
- Theft
- Certain damages to your building and outdoor areas
The common items included in coverage are:
- The building
- Outdoor items (seating, signage, fencing, etc.)
- Office equipment (desks, computers, chairs, machinery, tools, etc.)
- Inventory
In essence, the physical assets of your company can be protected by this policy. However, it's good to keep in mind where this coverage could be lacking.
Commercial Property Insurance Exceptions
Keep in mind that different policies will cover different incidents. This makes it vital for business owners to review and understand their coverage. There are policies that will only cover a business's buildings and things that are considered permanent within it, such as fixtures and walls. Some policies do not provide coverage for mass-destruction events such as flooding and earthquakes. For such coverage, you will have to acquire specific insurance policies.
Commercial property insurance can be there for your business if you let it. To find the best
business insurance policy to meet your needs, contact the experts at Little & Sons Insurance Services. Serving Banning and the surrounding cities in California, we are ready to assist you with all your insurance needs.
