Commercial property insurance helps businesses pay to repair or replace
buildings, associated structures and contents damaged or lost because of fire,
storms, theft and/or other events outlined in the policy.
Additional Options Can Include the Following
Protection to insure that if your building is destroyed and it costs
more to demolish and rebuild it to code than its current value
Full glass coverage
Full sign coverage
Coverage in the event of equipment breakdown caused by power surges
Protection if your accounts receivable records are ever damaged or
destroyed by a covered loss
Coverage for any physicial loss or damage to your computer hardware
Loss of data and computer
software
Other Popular Industry Specific Options Include
Coverage for contractor equipment and tools
Installation
Peak season
Transit Insurance
Valuable papers
Business Interruption Coverage Pays for actual or projected lost income if loss from a covered even
prevents normal business operations.
Extra Expense Insurance Coverage Pays any additional costs to expedite resumption of your operations after
a covered loss.
Building Occupied by the Insured Coverage Insures a building that you regularly use but do not own. This
coverage can be important if you lease or borrow a building that is critical for
your operations.
Off-Premises Property Coverage Covers your property located off-site. Some policies might not
cover off-premises property, or may provide only limited coverage. You can
usually buy an endorsement to cover off-premises property. If you can not
buy an endorsement, you may have to buy a separate policy.
Employee's Personal Property Coverage Insures your employees' personal property against covered losses if the
property is on your premises. Generally, you must buy this coverage as an
endorsement if you need more than a limited amount.
Valuable Papers Coverage Provides limited coverage of your business records and other essential
information. You may be able to purchase an endorsement to increase this
coverage.
Ordinance or Law Coverage Pays any additional costs required to repair or rebuild a facility
damaged by a covered peril in order to comply with current building codes.
Many policies provide limited ordinance coverage, and you can increase it with
an endorsement.
Boiler and Machinery Coverage Covers boilers, air conditioning units, compressors, steam cookers,
electric water heaters, and similar machinery. Coverage generally extends
to machinery specifically listed in the policy and to any subsequent losses,
such as a boiler explosion or water heater leak causes damage to other property.
You can usually purchase this coverage as either an endorsement or a separate
policy.
Inland Marine Coverage Insures goods in transit over land, by air, or by inland waterways.
It also covers projects under construction and transportation and structures,
such as bridges, tunnels and communication towers.
