Commercial Property and Liability insurance are essential elements to any business insurance plan. From a fire or theft affecting your business property to a lawsuit from a customer or other third party, your assets are at risk every day. You’ve worked hard and invested a lot in your business; make sure it’s properly protected with a commercial insurance program that goes the distance.
Property insurance covers your physical assets, including buildings, business personal property, computer equipment, furniture and fixtures, inventory and stock, valuable papers and records, and more. We will take a look at how much property coverage you should have, including replacement cost on the building (if you own it) and on your business contents.
Business Income & Extra Expense is also included under Commercial Property insurance, and provides reimbursement for certain kinds of lost income and extra expenses that might result from a covered loss. It’s important to determine how much Business Income & Extra Expense your specific operation needs so that you are properly covered if you are forced to close for repairs or rebuilding after an insured loss. Our staff will work with you to determine the amount of coverage you should be carrying.
General Liability insurance protects you against claims by a third party alleging that your actions caused bodily injury and/or property damage to them. In today’s litigious society, this insurance protection is a must for any business. The amount of Liability coverage you carry is based on a number of factors and the exposures your specific operation faces.
A Package or Business Owners Policy (BOP) is designed to put together in one affordable policy both the Property and General Liability coverages essential for any business. Based on the specific needs of your firm, these policies can be tailored to provide “cafeteria style” Property- or Liability-related coverages your business may require.
This description of coverage is not an insurance contract. Your policy is the contract that specifies and fully describes your coverage. Conditions and exclusions will apply. Not all coverage described is available in all states.