Commercial Property Insurance
For business owners, commercial property insurance is a near-must. Not only does commercial property insurance cover your business’s physical location, it also covers equipment, inventory, personal property, and other assets. Also known as business property insurance, commercial property insurance offers important coverage for small and large businesses alike.
Commercial property insurance protects your company’s physical assets from disasters including, fire, explosions, environmental spills, and storms (blizzards, hurricanes, hailstorms), as well as theft and vandalism.
What Type of Businesses Need Commercial Property Insurance
You should consider commercial property insurance if you meet any of the following criteria:
- You own, lease, or rent an office, building, or store
- You keep important business records on-site
- You have inventory to protect
- You have your own equipment
Businesses that may benefit from commercial property insurance include: technology services, contractors, commercial real estate, financial services, restaurant and food service, landscaping, wholesalers and distributors, retail, garages, professional services, pet care services, personal care services, and manufacturers.
What Does Commercial Property Insurance Cover?
Coverage varies by plan, but can include:
- Destruction of physical building
- Business equipment
- Accidental property damage
- Personal effects
- Electronic data
- Important papers and records
- Critical business assets used off-property
- Fleet vehicles
- Product inventory
- Office furniture and other furnishings
- External structures including company sign and fences
While commercial property insurance is designed to cover your business assets from natural disasters, earthquakes and floods are not typically covered unless explicitly added to your policy.
Interested in learning more about commercial property insurance for your business? At Knight-Dik Insurance, we’ll work with you to design coverage that protects your business from a variety of risks, unique to you. For a free insurance premium analysis, simply contact us here or call 800-286-6353.
The Most Common Workers’ Compensation Insurance Claims
It’s common for business owners to see workers compensation insurance as a basic expense of doing business and hiring employees. Yet, it provides a wide range of financial protection and can help to ensure that good relationships exist between you and your employees.
What Injuries Are Not Covered Under General Liability Insurance?
One of the most commonly used part of a general liability insurance policy is bodily injury liability, which covers medical expenses for those who are injured on a business’ property. Not all injuries are covered, however.
Commercial Auto Insurance for Your Employed Drivers
Today, business owners work with independent contractors to handle many of their specific needs. Yet, many also still use employees to handle tasks such as courier work or product delivery. When you have employees doing the work, you need to have insurance to protect those drivers and your assets.