Don't leave any aspect of your financial well-being to chance; protect yourself with the right insurance coverage for all your needs.
Commercial Property Insurance
Owning a business comes with many responsibilities, including protecting your assets. Commercial property insurance is designed to safeguard your business against unforeseen events that could result in property damage or loss.
Types of Commercial Property Insurance Coverage
Basic Form
Covers common perils such as fire, theft, and natural disasters.
Broad Form
Covers additional risks like water damage, roof collapse, and damage caused by snow or ice.
Special Form
Covers all risks except those specifically excluded in the policy.
Business Interruption
Covers lost income and expenses when your business is forced to shut down temporarily due to a covered loss.
Equipment Breakdown
Covers repair or replacement costs for mechanical or electrical equipment that breaks down.
Your small business is located in California, and it’s been a dry season. Unfortunately, California is prone to wildfires. Your business property is destroyed in the fire.
Solution
Your insurance company will cover the cost of rebuilding the property, income lost during the period of rebuilding, and any equipment that was destroyed in the fire.
Loss of important documents coverage
Risk Factors
A sudden circuit failure in the night burns down a room full of important documents and past records.
Solution
Your insurance company will be paying you for the reimbursement of making the documents again.
Loss of inventory coverage
Risk Factors
You show up at your business office to find the door ajar and broken glass everywhere. You see that all of your computers have been stolen.
Solution
If you choose replacement cost value under your property insurance, your insurance company will replace the broken window and computers.
Making risky investments coverage
Risk Factors
Storms sweep through your area and a tornado touches down close to your small business. A tree has fallen through the side wall damaging your furniture badly.
Solution
Your insurance company will process your claim and cover the cost of repair or replacement to your commercial property.
Workers compensation coverage
Risk Factors
Your employees can get injured while working at your office premises, and you would be liable to pay for their medical expenses.
Solution
This coverage provides insurance to employees who are injured on the job. This type of insurance provides wage replacement and medical benefits to those who are injured while working. In exchange for these benefits, the employee gives up his right to sue his employer for the incident.
