Commercial Property Insurance

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Commercial Property Insurance Commercial property insurance protects your company's physical assets from fire, explosions, burst pipes, storms, theft and vandalism. Earthquakes and floods typically aren't covered by commercial property insurance, unless those perils are added to the policy. If you rent a commercial space, your landlord will likely require you to carry this coverage. Even when it’s not required, commercial property insurance is important for any small business that owns physical assets. This coverage insures expensive equipment as well as inventory. Different types of properties and equipment are considered for commercial property insurance. Several factors, such as location and occupancy, are considered while determining the cost of commercial property insurance. It is important to note that your policy document will describe specifically what property damage your insurance will cover and any exclusions be sure to read it carefully. Man-made disasters covered such as rioting and vandalism are usually not part of a standard commercial Property Insurance. Nonetheless some financial help for some qualifying man-made disasters is possible. Examples of exclusion you will see on almost all property insurance policies: Flood, Earthquake, Terrorism, War and military action, Intentional damage, Nuclear hazard, Normal wear and tear. Normally you need a specialized and separate policy if you want to cover some of these exclusions. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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