Commercial Property Insurance

What you need to know about commercial property insurance

One of the most common types of business insurance is commercial property insurance that provides a wide range of coverage for buildings, inventory, equipment, tools and more. Losses from fire, break-in, vandalism, windstorm and other natural or man-made disasters are examples of what is typically covered. A basic commercial property insurance policy may be all you need, although the types of coverage can vary between different insurance companies. As an independent agent, we can help you determine the type of insurance policy and range of coverage that is best for your business. For a full list of coverage available, or to learn more about this product, contact us today.

Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement costs? Give us a call today, and we’ll help you determine if you have enough commercial property insurance for your business.

Most commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from resulting water damage. Check your current property insurance policy to be sure you are covered. If you’re unsure, ask us to review your coverage. If you’re already covered, that’s great! If not, we’ll help you find the best solution.

Business Personal Property
Business personal property insurance covers property at a specified location for furniture, fixtures, equipment and inventory. Be aware that most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy (equipment or installation floater).

Business Income (Business Interruption Coverage)
This coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed. It applies while the premises are being restored because of damage from an event, such as a fire. Business income insurance may also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster. We strongly recommended that all businesses acquire this coverage.

Electronic Data Processing (EDP)
This coverage is separate property coverage specifically designed to protect your computer related equipment. Most commercial property policies have limited coverage for computer networks. EDP broadens the causes of loss to include things like power surges and in some cases virus attacks.

Based in Rochester, our team understands the business insurance needs of our customers. The right coverage for you is unique – Contact us today to find out how to protect your business and your future with the right insurance.

The Christopher Williams Agency understands that your business property insurance protects your company from major financial loss in the event of a disaster. Every business is unique and is constantly changing. Shouldn’t your insurance coverage have the strength to protect your most valuable possession? We partner with you to understand your needs and then customize a solution that provides the resources to keep you in business! Contact us for a free evaluation of your current coverage.

Adequate protection from fire, water and storms ensure the future of your business. Property insurance covers the risk of property loss in a variety of commercial situations, including:

  • Buildings
  • Equipment
  • Furniture
  • Fixtures
  • Inventories
  • Business records
  • Supplies

For more information about all our services call 585-586-3060 or contact us
through email. We will gladly give you a free quote on any our your insurance needs.