Many types of business insurance are optional. However, while it may not be required by law, a property and casualty insurance policy is highly recommended for all business owners. Further, your landlord or lender may require you to carry property insurance to protect their investment.
Commercial property insurance protects your company’s physical assets from fire, explosions, burst pipes, storms, theft and vandalism. Additional coverage is often also available for floods, earthquakes, equipment breakdown and other direct causes of loss to your business.
Accidents and unforeseen events happen and can cause potentially significant damage and disruption to your business. A commercial property insurance policy can help to provide financial assistance to help return to business as usual.
How much does it cost?
Every business is unique! Your cost will depend upon the specific details of your business and the level of protection you seek. Some of the factors that may influence your cost include the nature and size of your business, number and condition of your facilities, loss protection and prevention practices, etc.
Call us today with any additional questions. We would love to help. Together, we can tailor a policy that fits your business!