4 Things You Need to Know About Commercial Property Insurance

One of the most important things you can do as a business owner is plan for the future. There are many ways this can be done, one of which is securing the necessary insurance policies to get the protection you need should something unpredictable occur. When choosing commercial property insurance, make sure you know what it is, and what you need, before signing any new paperwork.

What will be Covered Under Commercial Property Insurance?

If your business experiences damage or loss due to a disaster or other event, commercial property insurance may help to cover those losses so you can quickly get back to work. Some of the many things that are covered by this type of insurance include repairs to damaged buildings, replacing of furniture, replacing damaged equipment, any lost inventory, fencing, landscaping, and much more.

What Types of Events are Covered by Commercial Property Insurance?

Commercial property insurance will cover most significant events including natural disasters, fires, flooding, theft, and vandalism. These types of events can result in very serious and costly losses, so having insurance in place will help protect your business from what could otherwise be a devastating experience.

What Types of Businesses Should Carry Commercial Property Insurance?

Most types of businesses can benefit from commercial property insurance to ensure they are protected should a disaster strike. Any company that has their own building, expensive equipment, or other assets that they need to be compensated will benefit from this type of insurance. This will include bars, dental or doctor offices, gas stations, all types of restaurants, daycare offices, supermarkets, auto mechanics, and much more.

What Types of Things are NOT Covered by Commercial Property Insurance?

While this type of insurance can help cover many types of losses, it won’t cover everything. Some examples of things that aren’t covered include the electronic data that was stored on computer systems, any underground drains that may have been damaged, lost cash or account information that was kept on hand, and other similar items.

Get Help Working with Insurance Companies

If you have any questions about an insurance policy, or you’re having trouble making a claim, don’t try to handle it on your own. Working with an experienced commercial insurance attorney can help ensure your rights are protected. Contact us to go through all your options, and get the legal advice you need.

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Barnard Law Offices

The Barnard Law Offices, L.P. has been protecting the rights of Floridians for four generations. Together our attorneys bring years of insurance claim advocacy and trial experience to the table. We don’t believe in half-hearted measures when it comes to proving your claim: after inspecting the damage to your property, our office will engage or connect you with high-quality third-party professionals to assist you with your claim and assess your property damage. Our talented team is dedicated to serving each client’s needs with a passion and commitment that makes us stand out among our peers.

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