Our Analysis
What is Property Insurance?
Accidents and unpredictable events can occur and may cause disruption to your business. A Commercial Property Policy can help your business recover quickly. Commercial Property Insurance is a contract between you and an insurance company to protect the physical assets of your company minus your deductible, up to your limits, if coverage is not excluded.
You need Commercial Property Insurance if you:
- Own or rent an office or building.
- Own or rent tools or equipment.
- Have inventory or products.
- Use computer and office equipment.
Our Actionable Advice
Commercial Property Insurance typically covers losses caused by:
- Fire
- Wind
- Hail
- Theft
- Vadalism
Covered physical assets usually include:
- Buildings (rented or owned)
- Equipment
- Outdoor fences and signs
- Business Personal Property: Inventory, supplies, computers, and furniture
- It may also include coverage for expenses and lost revenue resulting from physical property damage.
What does Commercial Property Insurance not cover?
- Commercial auto accidents. You will need a separate Commercial Auto Policy.
- Employee injuries or illnesses. You will need a separate Workers’ Compensation Policy.
- Damages from earthquakes, hurricanes and floods are excluded. You may need a separate Flood Policy.
The Big Takeaway
The Whitlock Group has over 30 years of risk expertise and experience managing and mitigating Commercial Property Risk.
For comprehensive business insurance solutions or if you’re unsure whether your business is covered adequately, contact us today.
Greg Whitlock, President
678-906-2008 ext. 1200
Cell: 404-218-8706
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