What does commercial property insurance cover

What is commercial property insurance? Often referred to as business property insurance is a very common form of commercial insurance by small businesses. Commercial property insurance is designed to protect the structure your company is in, your business assets inside the building and outside structures as well.

Commercial property insurance will protect you against perils such as fire, burst pipes, storms, explosions, vandalism and theft. Please keep in mind most commercial property insurance policies will not cover earthquake damage and flooding. To receive coverage for these disasters please consider earthquake insurance or flood insurance. 

Commercial property insurance cost

The cost of commercial property insurance will depend on various factors. The building the company is in and the assets within the business may be at the top of list. A few other factors you may want to look into are as follows:

Location:

The zip code the building is in will play a major role in determining the rate you pay on commercial property insurance. Areas that have a high claims history may see higher rates and areas with high crime rates or a history of natural disasters can too.

Construction:

If the building the company is in is made of fireproof materials or has new or upgraded electrical wiring or HVAC you should expect it to be effected by those circumstances. 

Occupancy:

The industry your business is in can make an impact on the rate you pay for commercial property insurance. A lawyers office will more than likely get a lower rate than a restaurant. 

Fire and theft protection:

If your building is located near a fire hydrant or fire station you may be looking at lower rates on your commercial property insurance. If you have installed fire alarms, fire sprinklers or burglar alarms you may be looking at lower rates. 

What does commercial property insurance cover?

A standard commercial property insurance policy will protect the building your company is in, the business assets in the building and outside structures. Some of these items may include:

• Computers
• Furniture and equipment
• Exterior signs
• Fence and landscaping
• Important documents
• Inventory
• Others’ property

Commercial property insurance quote

The best way to get a low commercial property insurance quote is to speak to an independent agent such as the ones at Eugene C Yates Insurance Agency. Our agents have access to the top commercial property insurance companies in the industry and firsthand knowledge of the best commercial property insurance discounts available. This makes it very easy for them to get you the best rate on the best coverage for your situation.

If you would like a free custom commercial property insurance quote, please give us a call today at 916 313 6100