Commercial Property Insurance

What Determines The Cost?

• Location - Buildings located inside cities with above average fire regulations, generally cost less to insure than buildings outside a city or in an area with below average fire regulations.

• Construction - Buildings made from potentially combustible materials will cost more to insure, while those made of fire-resistant materials could earn a discount on their premium. Discounts may also be applied if the building has new or upgraded electrical wiring, plumbing and/or HVAC

•  Occupancy - A realtor’s office generally carries less risk than a restaurant or repair shop.  In a building with multiple tenants, one hazardous occupant will negatively impact the fire rating of the entire building.

• Fire & Theft Protection - Is the building within close proximity to a fire hydrant and a fire station? Does the business have a fire alarm, sprinkler system, and/or security system?

What Gets Covered?

• Building - Whether the building that your business is in is owned or rented, ensure that you are protected from fire, explosions, burst pipes, storms, theft and vandalism

• Office Equipment & Furniture - Computers, phone systems, and furniture, whether they're owned or leased

• Important Documents & Money - Accounting records, essential company documents, and securities

• Inventory - Products and items kept in stock at your business location or products you store in a warehouse.

• Tools & Equipment - Whether you run a restaurant or an auto repair shop, all businesses have tools & equipment that are vital to keep the business operational

• Outdoor Property - Fences, Landscaping, Outdoor Signs, and other outdoor property not directly attached to the building