Commercial Property Insurance Coverage

Commercial Property Insurance for Small Businesses

Every small business needs real world protection for their physical business assets and the structure of the building. You may have a location in a strip mall, work from home or have a skyscraper that needs coverage, commercial property insurance can help to safeguard your business. Eugene C Yates Insurance Agency offers top of the line business property insurance that will cover items such as the building you do business out of, business inventory, and equipment from damage and loss that may create major disruptions or even shutdown.

What Is Commercial Property Insurance?

Commercial property insurance often referred to as business property insurance is coverage for your company against covered perils such as fire, severe weather, theft, vandalism, lost rental income and more. It helps protect property that you own or lease, including physical assets that you use to conduct business.

What Does a Commercial Property Insurance Policy Cover?

Commercial property policies cover the cost to repair or replace physical assets you use to operate your business, like:

• Buildings you rent or own
• Equipment
• Furnishings and fixtures 
• Stock and inventory
• Business record reproduction and temporary storage 
• Lost income due to the inability to operate due to covered property damage

Examples of what would be covered under a business property insurance policy include:

• A fire damages the workspace
• A pipe in the office bursts and destroys work computers and office furniture
• A windstorm damages outdoor signage
• Someone breaks into your building and steals inventory

Sacramento Commercial Property Insurance

Eugene C Yates Insurance Agency has licensed agents that will help you find the commercial property insurance policy thats right for you. Our agents have access to the very best insurance providers in the industry and firsthand knowledge of the lowest commercial property insurance discounts available. This makes it easy for them to get you the best rates on the best coverage.

Save Money and Protect Your Business Assets at the Same Time

Commercial property insurance can benefit your business in ways you didn’t expect. Lenders often require it to qualify for a business loan, and with a commercial property policy in place you could be offered lower interest rates or higher lines of credit. Meanwhile, commercial property policies are tax-deductible as part of an overall business insurance plan.

Questions Related to Commercial Property Insurance Coverage

What are examples of commercial property insurance coverage?

Commercial Property Insurance covers buildings and other structures that you may rent or own, furniture, equipment, computers, records, inventory, and other property that maybe on your property.

What is the correct amount to cover a building for?

This is usually based on the type of building, value of the building, location, and many other factors. You may want to speak to one of our wonderful agents about this. They can guide you through the process and help you find coverage that’s right for you.

Is Inland Marine the same as Commercial Property Insurance?

The short answer is, no. There are a few differences between these insurance products. For example, contractors may need a lot of their equipment covered on an inland marine schedule due to moving the equipment from location to location. Commercial Property coverage may have some exclusions involved if property is taken from one location to another.

If I rent a building, what do I need to cover?

To properly answer this, it is best practice for your agent to review your lease agreement to make sure your insurance policy properly covers what the landlord expects. For example, some leases will require tenant to insure glass and others do not. Without having this information, your agent may leave you with gaps of coverage you didn’t intend for them too. They may also be insuring things you didn’t need them too.

Are all buildings covered at 100% Replacement cost with every commercial property insurance policy?

There are many options when insuring a commercial property. They are not all insured for 100% replacement cost. Coverages that cause them to not be insured for 100% of replacement cost are coinsurance options and actual cash value options. We will review your options with you to tell you how your building is insured.

What is considered building coverage for commercial property insurance?

Building coverage is normally considered the actual building itself and anything that is bolted, fixed, fastened, or attached to the actual building. Many companies will even keep extremely heavy equipment that is not portable and include this under building coverage. All companies are different in what they see as building coverage and business personal property. If you have any questions in regards to your building coverage on your insurance policy, please let us know.

Commercial Property Insurance Quote

If you have additional questions regarding commercial property insurance or would like a free commercial property insurance quote, please give us a call at (916) 313 – 6100