Commercial property insurance covers the building and items that you own or lease against such perils as fire, explosions, theft, and vandalism.
Here are some additional coverages provided by comprehensive commercial property insurance. Documents: Important documents and accounting records can be insured, though the base coverage you’ll receive could be around $10,000. You might want to increase this amount to cover the cost of replacing...
Commercial general liability (CGL) insurance is a type of policy that provides coverage to a business for bodily injury, personal injury, and property damage arising from the business’s operations, products, or injuries that occur on the business’s premises.1 Commercial general liability insurance...
With an increase in the number of natural disasters, weather conditions in the area where the building is located have also become an important factor in determining the cost of commercial property insurance. Commercial insurance rates are generally higher for properties located in the vicinity or in...
Insurance Rates for Commercial Property Coverage to Ease.Presents the views of Robert P. Hartwig, chief economist of the Insurance Information Institute, on the rates of commercial property insurance in the U.S.EBSCO_bspWall Street Journal - Eastern Edition...
Commercial property and building insurance is cover designed to protect against risk for your business property, plant, equipment and more, should damage or a disaster occur. Do I need commercial property insurance? In a market experiencing intense competition against a backdrop of economic uncertainty...
To help ensure you have a comprehensive risk management plan with the right insurance coverages, you want to partner with a specialist who understands the industry’s nuances but also has access to state-specific property programs. When you choose Risk Strategies, you are getting all the benefits...
property insurance to protect its investment. Commercial property insurance provides many of the same protections that personal property insurance offers individuals. When an insurance company is calculating the cost of your commercial property insurance policy for a quote, they will consider these factors...
To cut down on the cost of your commercial general liability policy, consider the following options: Bundle your insurance policies:A Business Owner’s Policy (BOP) packages common liability and property insurance plans into one policy. Investing in a BOP can save your business money while still...
mobile equipment, if not covered by other insurance. Coverage under this provision is not restricted to buildings or structures at a covered location or within 1,000 feet of a covered location; and g. personal property of others. This means personal property of others that is in your care, ...