Commercial Property Insurance

Securing the success and stability of your business goes beyond just the daily operations and sales figures. It involves protecting one of your most valuable assets: your commercial property. Whether you own a bustling retail store, run a thriving office space or manage an industrial facility, safeguarding your physical premises and assets through commercial property insurance is essential.  

What Is Commercial Property Insurance? 
Commercial property insurance is a type of coverage designed to protect businesses and their physical assets from financial losses due to damage or destruction of their property. This insurance is essential for businesses that own or lease commercial properties, such as offices, retail stores, warehouses, factories and other types of commercial real estate. 

What Does Commercial Property Insurance Cover? 
Commercial property insurance is a comprehensive package designed to protect businesses from financial losses. The policy typically includes three primary insurance types: 

• Property insurance helps cover the building, indoor and outdoor fixtures, permanently installed equipment, machinery, and other structures on the property. This coverage helps repair or rebuild after events such as fires or storms.
• Business personal property insurance may help repair or replace business-owned items such as furniture, fixtures, stock and upgrades in rented spaces.
• Personal property of others coverage extends to items belonging to someone else but are in the care and custody of your business, including customers’ property and borrowed items. 

In addition to these basic coverages, commercial property insurance may include additional recommended coverages like business income and extra expense insurance, equipment breakdown insurance, and ordinance and law coverage. These additional options further protect businesses and enhance their ability to recover from unexpected events. 

Who Needs Commercial Property Insurance? 
Any business that owns or leases a physical location can benefit from commercial property insurance. Business owners need to assess their specific needs and risk exposure to determine the appropriate level of coverage for their commercial property insurance policy. Contact Bruening Insurance to discuss your commercial property insurance options.   

 

 

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