Property insurance is not just for homeowners. If you are a business owner, or in charge of the financial well-being of your company, you should consider purchasing a commercial property insurance policy for your business. While you hope that you never need to rely on this coverage, it can provide significant peace of mind and financial protection following major property damage or after devastating natural disasters.
Why Does Your Company Need Commercial Property Insurance?
Commercial property insurance offers protection against all types of disasters, injuries, thefts and problems that could cost your business significant amounts of money. You should ensure that the policy you choose covers all property that your business owns, including the following:
- Equipment and vehicles
- Technical and office equipment, including computers
- Owned and leased buildings
- Inventory and materials
- Records and documents
- Landscaping and all outdoor areas
What Does Business Property Insurance Cover?
With a business property insurance policy, all of your company’s property and belongings will be covered financially in case of loss or damage. While natural disasters such as floods, tornadoes and explosions are often covered by this policy, other types of damages may also be covered, including theft, damage from a third party and damage by employees. In certain areas of the country, you may want to add certain riders to your policy, such as protection from loss following a flood.
What Is the Cost for Coverage?
The cost for your company’s policy depends on several factors, including your geographic area, the size of your business and the amount of property that needs to be covered. Of course, businesses that have a great deal of expensive equipment, such as manufacturing equipment, vehicles or computers will have more expensive policies. However, you may be able to lower your premiums if your buildings are made with fire-resistant materials, if they have certain fire- or theft-protection devices installed or if they are located in areas not prone to natural disasters.
Find the Right Commercial Property Insurance Policy Today
Your business has plenty of options when it comes to choosing commercial property insurance. We invite you to shop for policies through Truliant Insurance Services where you will be able to use commercial property insurance comparison tools and get a customized quote in minutes. To obtain a quote and compare policies, call 1-844-267-1698.