Commercial Property Insurance in Durham, NC, and Raleigh, NC
Protection for Your Business Itself
Every day you work hard to ensure that your business stays up and running. From serving your customers and offering your products and services to providing your employees with jobs, your business is a powerhouse of activity. That is why it is important to make sure your commercial property is protected because accidents do happen, and the last thing you want to experience as a business owner is being out of commission and under the wrong policy.
With a custom Property Insurance policy from All About Insurance, you can ensure that the building itself and the personal property of your business is protected from minor accidents or a major financial loss. Our insurance specialists can help you create a policy that keeps your small-to medium-size business insured from top to bottom by covering such items as:
All interior items (desks, furniture, etc.)
Any outdoor signs on your property
Other items that are typically found on a Property Insurance policy can include Builder’s Risk insurance and Equipment Breakdown coverage. Builder’s Risk protects any materials or equipment from damage or loss sustained during construction or remodeling, while Equipment Breakdown, or Boiler and Machinery, keeps any electrical, electronic, or pressurized equipment on your premises insured from breakdowns or loss.
Additional Business Protection
In some cases, your business can save more by combining Property with Liability for the convenience of having your business needs met. To find out more about combining coverages, contact All About Insurance today.
Common Commercial Property Insurance Questions:
If your home burned down, you would use the dwelling and possessions coverage within your home insurance policy to pay for repairs and replacement items. Commercial property insurance is essentially the same, except it applies to your business’s property. When unexpected, unavoidable problems damage your workplace, appropriately tailored benefits will help you with the recovery process.
Every business owns property, and that property represents monetary value. Property damage impacts your ability to operate and turn a profit. This creates a high risk of financial insecurity, so you need to be able to rebuild your operation as effectively and efficiently as possible. Commercial property insurance provides the money to help you do so, thus limiting your financial liability in the face of unforeseen losses.
Property belonging to your business that is insurable under commercial property insurance includes:
Stock & inventory
However, policies only cover property damaged in covered perils, which usually includeunforeseeable acts like fires, severe weather (e.g., hail and lightning), break-ins, vandalism or similar incidents. Accidental or intentional damage, along with flood damage, are not covered. Commercial flood insurance is available as a separate coverage.
Making your property insurance specific to you requires attention to detail, and youoften need to supplement your benefits with more expansive coverage, such as:
Scheduled Commercial Property Insurance: You will insure different pieces of property under separate policy limits.
Inland Marine Insurance: This covers items when you are transporting company property or third-party property away from your main location (such as to a work site).
Bailee’s Customer Coverage: When a customer leaves their belongings in your care, they could be damaged in a covered peril. This coverage will pay for the losses.
Business Income Coverage: When your property sustains damage, you could face a halt in operations or loss of income as a result. This benefit can help you recover the lost money.
If you do damage to third-party property, then you will cover this property damage under your general liability insurance.
Multiple factors can influence the cost of your property coverage, including:
We are committed to making commercial insurance benefits affordable for every business owner, no matter what their budgetary objectives. Call us today to learn more about your coverage options.