Commercial Property Insurance

Commercial property insurance is a type of small business insurance that provides coverage for losses resulting from covered perils such as a damage-causing storm, fire, vandalism, theft, electrical surges, building collapse and certain damages caused by water.

Without it, small business owners are left to pay for necessary repairs out-of-pocket.

Contact our agency to learn how it can help protect your company’s finances and to get a personalized quote.

Who Needs it?

Landlords may require that their tenants provide proof of insurance or business property insurance. Lenders also require commercial property insurance, also called business property insurance, for the duration of the mortgage to help cover financial losses after a damage-causing event.

Even if you aren’t required to purchase this type of insurance, it’s crucial to get this coverage. It can help protect your company from the financial effects of damage-causing events.

What Does it Cover?

Business property insurance is a contract between an insurance company and a business. It may cover the company’s physical location and other assets such as office equipment, inventory, fixtures, furniture, supplies and business-owned buildings.

This type of insurance coverage helps a business owner pay to repair or replace damaged, stolen or lost business property in exchange for premium payments.

If you have concerns about the amount and types of coverage this policy provides, talk with your agent to learn about riders or additional policies that can help you get adequate protection for your business.

How to Get Commercial Property Insurance

Gaulin Insurance Agency is ready to help you get a commercial property insurance policy that satisfies your lender or landlord’s requirements while providing you with essential business property coverage. Contact us today.