Commercial Property Insurance and What’s Covered

No matter if you own one commercial property or several, your property is an asset. While no one can argue the necessity for commercial property insurance, there is some debate over what types of coverage you need. The truth is that every business is different. One commercial property may have different risks associated with it than another. This is why you need a fair agency to go through the details with you. However, there are a few commonalities when it comes to shopping for commercial real estate insurance.

A Variety of Risk Coverage

No matter if you have a residential or commercial property, risks are always involved. How you protect against those risks is what is going to matter in the end. When it comes to a commercial property, here are some of the risks that you’ll need to consider:

  • Flood, earthquake and other natural disasters
  • Fire damage
  • Equipment breakdowns
  • Theft
  • Business interruption

Keep in mind that this is only a few of the risks that accompany a business. Some of the risks will be specific towards the type of commercial property you own. This is why its imperative that you use an agent who is well versed in the type of commercial property that you own. As long as you’re speaking to a professional, it shouldn’t be hard to find the right commercial real estate insurance.