Commercial Property Insurance
Commercial property insurance can provide an extensive range of coverages for buildings, inventory, equipment, tools, and much more. Typically, fire, break-in, vandalism, windstorms, and other natural or manmade disasters are covered.
Your business may be adequately protected with a basic commercial property insurance policy, but the coverage options may vary between insurance carriers. As an independent agent, Agency Premier Group can assist you in choosing the right insurance policy and coverage range. If you want to know more about this product or want a list of the covered damages, contact us right away.
North Carolina – What you need to know about commercial property insurance
BUILDING
Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement costs? Though cost estimators are available, we recommend securing an appraisal from a third party to accurately estimate the current replacement cost of your building. Give Agency Premier Group a call today at (800) 818-1731, and we’ll help you determine if you have enough commercial property insurance for your business.
FLOOD
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 Agency Premier Group 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 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. Agency Premier Group strongly recommends that all businesses acquire this coverage.
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.
Agency Premier Group understands the business insurance needs of our customers. The right coverage for you is unique – call us at (800) 818-1731 or contact us today to find out how to protect your business and your future with the right insurance.
