Building
Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement costs? Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement cost of your building.
A typical Commercial Property Insurance policy will cover the property of your business. Most insurance agencies can compile a Commercial Property Insurance line to include coverage for:
- Structure (building) of your business
- Furniture
- Equipment
- Lost inventory
- Landscaping
- Outdoor signs
- Damage to the property of others
- And more…
Business Personal Property
Business personal property insurance covers property at a specified location for furniture, fixtures, equipment and inventory. Be aware that most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy (equipment or installation floater).
Business Income (Business Interruption Coverage)
This coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed. It applies while the premises are being restored because of damage from an event, such as a fire. Business income insurance may also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster
Contact Debbie House Insurance today for your insurance quote!
