Commercial Property Insurance Basics

April 26, 2010

One of the staples of commercial insurance is property coverage. The manner in which your business is covered varies from policy to policy in two key ways:

The actual property insured.
The type of events that trigger a covered loss.

As regards to the actual property insured, some policies cover basic structures and equipment (e.g. building structures, furniture, inventory, equipment and supplies). Other policy provisions may cover money and securities and hard to replace records from damage or loss. Events that may trigger a covered loss are known as perils. Fire is a good example of a common peril.

We can offer two types of property policies. The most popular is the all-risk policy, which may provide coverage for all perils except those specifically excluded. The other type is the named- perils policy, which covers losses resulting only from those named perils in the policy.

Our agency specializes in all types of commercial property insurance. If you presently have your policy with our agency, you are in good hands. If any of your business neighbors or industry associates need assistance with their commercial insurance, refer them to us. We may be able to offer both services and coverages their present agent cannot.

One of the staples of commercial insurance is property coverage. The manner in which your business is covered varies from policy to policy in two key ways:I The actual property insured. I The type of events that trigger a coveredloss.As regards to the actual property insured, some policies cover basic structures and equipment (e.g. building structures, furniture, inventory, equipment and supplies). Other policy provisions may cover money and securities and hard to replace records from damage or loss. Events that may trigger a covered loss are known as perils. Fire is a good example of a common peril.We can offer two types of property policies. The most popular is the all-risk policy, which may provide coverage for all perils except those specifically excluded. The other type is the named- perils policy, which covers losses resulting only from those named perils in the policy.Our agency specializes in all types of commercial property insurance. If you presently have your policy with our agency, you are in good hands. If any of your business neighbors or industry associates need assistance with their commercial insurance, refer them to us. We may be able to offer both services and coverages their present agent cannot.