Commercial Property Insurance
Commercial Property Insurance
Owning a business can be both rewarding and stressful as you navigate operations, marketing, and many other business functions. There are many commercial insurance policies necessary to operate a business; commercial property insurance is one of them. If you rent or own a business space for your staff, it is critical to have a commercial property insurance policy.
Protect your Business Space with a Reliable Policy
A fire in the office, stolen laptops, or a flood that damages your office area are just a few scenarios that could bankrupt your business, if you don’t have a detailed commercial property insurance policy. From tenant improvements, furnishings, equipment, to inventory – we ensure all your business property insurance needs are met.
Commercial Property Coverage Options
There are generally a variety of commercial property coverage options for businesses of all sizes in Alabama.
- Building/Structures
- Tenant Upgrades
- Contents
- Electronics
- Equipment
- Breakdown
- Features
- Inventory Business
- Interruption
- Exterior
What is not covered under a commercial property insurance policy?
- Regular Wear & Tear
- Intentional Acts
- Pollution
- Cash/Securities
Including the above coverage options for commercial property, vacant home property insurance (among other coverages) may also be covered under a commercial property insurance policy.
How Much is a Commercial Property Insurance Policy?
The cost of a Commercial Insurance Property Policy in Alabama depends on many factors, including the type of business you own, your property’s location, the age and condition of your business and your business’ claims history. Because your insurance rate for commercial property can range widely, it’s best to speak to an insurance agent for advice on what your needs are and what insurance premium works best for you.
Who Needs Commercial Property Insurance?
Alabama-based companies need commercial property insurance for a few reasons, including protection from physical damage (buildings, equipment, inventory), business continuity, liability coverage, and more. If you own or lease a building, occupy office space or use computers, hardware or machinery to operate a business, you require commercial property insurance.
Commercial Property Insurance FAQs
It covers your business’s physical assets, including buildings, equipment, inventory, furniture, and fixtures, against risks like fire, theft, and certain natural disasters.
While some natural disasters like fire and windstorms are typically covered, floods and earthquakes are usually excluded and require separate policies.
Yes, many policies offer business interruption coverage, which compensates for lost income and operating expenses if your business is temporarily unable to operate due to covered damage.
Common exclusions include flood and earthquake damage, normal wear and tear, intentional acts, war and nuclear events, employee theft, pollution, and government actions.
Contact Us for a Quote
We provide the best insurance rates and service to our Alabama residents. Are you in search of a commercial property insurance policy that is reliable? Contact one of our experienced agents today.