Commercial Property Insurance
Commercial Property Insurance Quote Forms
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Commercial Property Insurance Information
As a responsible business owner, you should consider investing in commercial property insurance. This type of policy will help ensure that your business can recover from unexpected incidents. Without an adequate business insurance policy, a company may have to pay for losses out of pocket, which could mean the end of the business altogether.
What Is Commercial Property Insurance?
Commercial property insurance is a type of coverage that can help protect a company’s physical assets from unexpected incidents. Commercial property insurance policies can also include business interruption insurance, which will help cover lost income if you can’t operate your business because of damaged property due to a covered incident.
What Does Commercial Property Insurance Cover?
Physical assets typically covered by commercial property insurance include the following:
- A business’s physical building or workspace that is owned or rented
- Equipment and tools
- Furniture
- Fixtures
- Inventory
- Electronics
- Any additional items necessary for daily operations
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Incidents typically covered by commercial property insurance include the following:
- Fire
- Most explosions
- Windstorms
- Hail
- Smoke
- Riot or civil disturbances
- Automatic sprinkler leakage
- Sinkhole collapse
- Building collapse
- Theft
- Vandalism
Discuss policy details with your insurance provider to ensure you have the proper coverage and limits for your specific situation.
Who Needs Commercial Property Insurance?
Commercial property insurance is not a legal requirement, but it may be required by a landlord, mortgage company or those wanting to do business with you. Commercial property insurance is recommended for most business owners, especially any of the following is true:
- They own or rent a building, store or office.
- They own or rent expensive equipment or tools.
- They have product or inventory.
- They depend on other valuable business assets.
Commercial Property Insurance Quote for Annapolis and Maryland Residents
If you want to learn more about commercial property insurance, contact Deale & Associates Insurance Agency. We are proud to provide insurance and financial solutions to businesses across Maryland.
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