Get Commercial Property Insurance From Eugene C Yates Insurance Agency

If you’re looking to get great commercial property insurance protection from a trusted local Sacramento insurance agency, then Eugene C Yates Insurance Agency is who you’re looking for. California has trusted us with providing great business property insurance since 1946.

Our agents are friendly, knowledgable and up-to-date with all the latest insurance discounts. For a free quote from an agency you can count on, give us a call today at (916) 313 – 6100. 

What is commercial property insurance?

Commercial property insurance also known as business property insurance is designed to help protect the owned or rented building your company is in, included tools, inventory, and equipment used to operate the business. It can help to cover loses from the following:

• Fire
• Burglary
• Theft
• Wind
• Lightning

Commercial property insurance will provide a much more comprehensive insurance package than a standard homeowners insurance policy. 

Commercial Property Insurance may also be called:

• Commercial building insurance
• Business personal property insurance
• Commercial real estate insurance
• Non-residential building insurance

What Does Commercial Building Insurance Cover?

Commercial property insurance will help to cover your company’s assets such as:

• Building
• Equipment
• Tools
• Inventory
• Furniture
• Personal property

Commercial building insurance also includes business interruption insurance so if for if due to a covered peril shutting the business down your policy may help to cover lost income. 

Who Needs Commercial Property Insurance?

Commercial property insurance can help to protect your business in many ways. Below are a few common examples of when a business property insurance policy may help:

• A fire damages or destroys your computers

• Lightning strikes the building that you have business renters insurance on

• Someone breaks into your building and steals your inventory

How Do You Value Commercial Property for Insurance?

There are 3 different ways that your commercial property insurance provider will your commercial property:

1. Actual cash value: How much it’d cost to replace an item, minus its depreciation.
2. Replacement cost value: How much it’d cost to replace an item with something comparable or equivalent.
3. Fair market value: The cost of an item if it were to go on the market today.

What Doesn’t Commercial Property Insurance Cover?

Your commercial property insurance policy will not cover every risk so it’s good to know what is and isn’t covered. Business property insurance will not cover your company if:

• Your customer drops their laptop when they trip over a box in your office
• One of your employees puts a hole in your client’s wall
• You get into an accident while making a delivery to a customer and damage your vehicle
• A nearby brook overflows after a heavy rainfall causes flooding near your building and damages your inventory
• You or your employees intentionally damage property

Bundle Commercial Property Insurance With Other Essential Business Insurance Coverage Through a Business Owner’s Policy (BOP)

One of the easiest and most affordable ways to get commercial property insurance is by bundling it in a business owners policy or BOP. The amount of coverage may not be as comprehensive as a stand alone policy but if budget is a concern, this is a great way to get three different coverages for your business in one easy to purchase policy.

A business owners policy combines these coverages:

• Commercial Property Insurance
• General Liability Insurance
• Business Income Insurance

Simple Ways to Reduce Your Risk Exposure

A great way to potentially take advantage of insurance discounts and reduce claims is to look at ways of reducing risk exposure. One way is to regular examine and maintain your fire sprinkler system in the building or home office you do business out of. When you have regular check ups and maintenance scheduled it should reduce your risks because you can get in front of any repairs needed before they get to the point of chaos. 

Commercial landlord insurance coverages include

Below is a recap of what commercial property insurance coverages may be included in your policy:

Property insurance covers damage to your buildings, structures, and furnishings by fire, water leaks, wind, and more.

General liability helps pay your legal expenses if you’re responsible for someone getting hurt on your property or if you damage someone else’s property.

Equipment breakdown insurance helps pay to repair or replace heating, cooling, or electrical systems damaged by mechanical breakdowns or power surges.

Loss of income coverage protects your income if your property is unusable for up to 12 months.

Valuable papers and records covers the cost to research, replace, or restore information on lost or damaged documents by a covered incident.

Building ordinance coverage helps pay the costs to repair buildings that have to be brought up to code.

Comparing Commercial Property Insurance Providers

One of the best ways to know you’re getting the most bang for your buck is to compare multiple commercial property insurance providers. 

This is where the assistance of the wonderful agents at Eugene C Yates Insurance Agency comes in. Our agents have access to the best commercial property insurance providers in the industry and working knowledge of the best commercial property insurance discounts available. This makes it easy for them to shop for the best rate on the best coverage for your situation. 

Commercial Property Insurance Quote

If you would like us to compare commercial property insurance rates and give you a custom quote, please give us a call today at (916) 313 – 6100