Commercial Property

We understand deciding on the right amount and type of commercial property insurance is an important part of doing business.  Commercial property insurance protects against building damages and personal property losses and offers a number of coverages to meet your business needs:

Building and Personal Property.  In addition to buildings and structures, this coverage includes complete additions to the covered buildings, outdoor fixtures, permanent fixtures, machinery and equipment.

Equipment in Transit.  If your business owns goods that may be shipped over the road, by air or by sea, you need transit coverage, since most commercial property policies only cover property loss on or near the premises.  Often common carriers have limited coverage; when you control the insurance on your goods, you can be assured a quicker loss settlement for the appropriate amount.

Business interruption and extra expense.  This coverage pays the expenses that continue and the profits that would have been earned during the period of interruption resulting from direct damages from an insured peril.

Machinery and Equipment.  Most commercial property policies exclude coverage for breakdown of machinery and equipment; therefore, a separate policy is needed.  Examples include: boilers, pressure vessels, computerized equipment, refrigeration, etc.