Every day, you work hard to ensure that your business stays up and running. From serving your customers and offering your products and services to providing your employees with jobs, your business is a powerhouse of activity. That’s why it’s important to make sure your commercial property is protected because accidents do happen, and the last thing you want to experience as a business owner is being out of commission and under the wrong policy.
With a custom Property Insurance policy from Hawsey Insurance, you can ensure that the building itself and the personal property of your business is protected from minor accidents or a major financial loss. Our insurance specialists can help you create a policy that keeps your small-to medium-size business insured from top to bottom by covering such items as:
Other items that are typically found on a Property Insurance policy can include Builder’s Risk insurance and Equipment Breakdown coverage. Builder’s Risk protects any materials or equipment from damage or loss sustained during construction or remodeling, while Equipment Breakdown, or Boiler and Machinery, keeps any electrical, electronic, or pressurized equipment on your premises insured from breakdowns or loss.
What does commercial property insurance cover?
Commercial property insurance typically covers physical assets such as buildings, equipment, inventory, furniture, and fixtures. It helps protect businesses from financial losses caused by events like fire, theft, vandalism, and certain weather-related damage.
What types of property are included in commercial property insurance?
Coverage usually includes owned or rented buildings, office equipment, machinery, tools, inventory, and improvements made to leased spaces. Some policies may also cover outdoor signage and property belonging to others while it is in your care.
Does commercial property insurance cover business interruption?
Many commercial property insurance policies can include business interruption coverage. This helps replace lost income and covers certain expenses if your business is temporarily unable to operate due to property damage from a covered event.
What is not covered by commercial property insurance?
Commercial property insurance typically does not cover floods, earthquakes, normal wear and tear, or intentional damage. These risks may require additional coverage or endorsements depending on your location and business needs.
Who needs commercial property insurance?
Any business that owns, leases, or relies on physical assets should consider commercial property insurance. This includes retail stores, offices, warehouses, restaurants, and service-based businesses that depend on equipment or inventory to operate.
In some cases, your business can save more by combining Property with Liability for the convenience of having your business needs met. To find out more about combining coverages or for a quote on commercial property insurance coverage, contact Hawsey Insurance today.
