Commercial Property Insurance

If your business owns any commercial real estate or other business use property, it is imperative that you have commercial property insurance. Commercial property insurance provides coverage for buildings, inventory, equipment, tools and more. Losses that can be covered range from fires to vandalism or natural disasters.

While a basic commercial property insurance policy may be all that you need, it is important to talk to a qualified professional at Hirsch Insurance Brokerage to learn more. Contact us today to learn more about why a commercial property insurance policy may be right for you.

Commercial Property Insurance we offer can range from: 

Building

Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement costs? Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement cost of your building.

Flood

Don’t be caught without flood insurance.  Most commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from resulting damage. Check your current property insurance policy to be sure you are covered. If you’re unsure, just ask an agency in our office to review your coverage, and we’ll help you find the best solution.

Business Personal Property

Business personal property insurance covers property at a specified location for furniture, fixtures, equipment and inventory. Be aware that most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy (equipment or installation floater).

Business Income (Business Interruption Coverage)

This insurance coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed. It applies while the premises are being restored because of damage from an event, such as a fire. Business income insurance may also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster.

Electronic Data Processing (EDP)

This coverage is separate property coverage specifically designed to protect your computer related equipment. Most commercial property policies have limited coverage for computer networks. EDP broadens the causes of loss to include things like power surges and in some cases virus attacks.