Business property insurance is something every company needs – whether you own your own building, lease or work from home. One of the core coverages in a businessowners policy (BOP), commercial property insurance protects your building and its contents, as well as exterior fixtures, such as fences or outdoor signage.
Determining how much you’ll pay for commercial property insurance largely depends on the value of all of your business assets, including your building. Other factors that determine your premium are based on risk, including: Location - Is the area prone to storms and other natural disasters? Construction - Is your building constructed with fireproof materials? Does it have new or upgraded electrical wiring, plumbing and HVAC? Occupancy - What is your industry? A realtor’s office generally carries less risk than a restaurant or repair shop. Fire & Theft Protection - How far is the nearest fire hydrant and fire station? Does your business have a fire alarm and/or sprinkler system? How about a security system?
Commercial property owner’s face many risks, fire, flood, vandalism, as well as loss of income or business interruption, allowing you the ability to get up and running after a loss. While coverage’s may seem complex not to worry, we have the right coverage helping to protect what is most important, your business. I'm happy to provide a risk analysis of your business or practice.