Every business needs commercial property insurance. It protects your building and property inside the building, as well as fences, outdoor signs, and other exterior fixtures. But if you live in a flood zone or an area prone to earthquakes or other natural disasters, commercial property insurance may not be enough. You may need to purchase additional specialty disaster insurance to provide the protection your business needs.
Commercial property insurance is coverage designed to protect your company’s physical assets from specifically covered perils, including:
It typically does not cover damage caused by earthquakes or floods. This type of business insurance covers your building and everything in it, as well as outside structures. Examples of items commercial property insurance will usually pay to repair or replace include:
The price you pay for commercial property insurance will depend on several factors, such as:
Some locations are more likely to experience natural disasters than others. If your business is located in such an area, specialty disaster insurance may be an essential inclusion in your business insurance package. Your business package should be designed to cover indirect costs of a disaster – disruption of your business – in addition to the costs of repairing, rebuilding, or replacing your business property. Depending on the circumstances, you may need:
Feel free to speak with our friendly agent regarding your business insurance needs. We will be happy to advise you and to find you the best possible quotes if your business needs specialty disaster insurance in addition to commercial property insurance.