Commercial Property Insurance
When considering property insurance for your company, you’re probably thinking, “Why do businesses have to purchase commercial property insurance?” And you’re right – it’s not for the faint of heart.
Why do businesses need commercial property insurance?
When considering property insurance for your company, you’re probably thinking, “Why do businesses have to purchase commercial property insurance?” And you’re right – it’s not for the faint of heart.
But it’s also not a huge decision to decide when to purchase or refuse to purchase commercial property insurance.
Commercial property insurance is one of the most important commercial insurance product you’ll encounter. In fact, it’s an essential feature of most businesses and has been proven to have significant value for many companies.
As such, we have partnered with over 70 insurance carriers to give your business the the ability to craft insurance coverages that protect your commercial property.
Commercial property insurance is critical to protect you from financial devastation in the event of a catastrophe. Covering your building, equipment and products against fire, theft, vandalism etc. can protect you from extreme financial burden.
What are the different types of commercial property insurance?
Commercial Property Insurance is often called business property insurance, and for small businesses, coverage can be easily purchased on a business owners policy (BOP), This type of coverage can be purchased to protect your:
- Building
- Equipment
- Inventory
- Tools
- Furniture
- Business personal property (computers, phones etc.)
What does business personal property insurance cover?
Business personal property can be scheduled or unscheduled (blanket coverage), either will protect you against loss of things like personal belongings at the office, computers, accounting records, outdoor landscaping and more.
When you are purchasing property insurance, it is important that you realize that most people are making a purchase for business purposes. A business property insurance policy is designed to protect a company’s property against the unexpected or the unplanned. When purchasing a business property insurance policy, one is buying the cover that will protect the business against the unexpected or the unplanned loss. The business property insurance that a business may be purchasing will depend on the company and on the type of property that they have. Speak with Betters Insurance today for a comprehensive review of what coverages are needed to protect your business.
