Property Insurance
Property insurance provides financial reimbursement to the owner or renter of a structure and its contents in the event of any damage or theft. It can also offer financial compensation to a person other than the owner or renter if that person is injured on that event. A general Property Insurance covers you for the cost of repairing or replacing property insured, such as your tools or equipment which got damaged in the accident.
Considering all these risks, business property insurance is something every company needs – whether company occupies your own building, lease or even you are working from home.
How much you’ll pay for commercial property insurance largely depends on the value of all of your business assets, including your building.
What does commercial property insurance cover?
Commercial property insurance covers your building, everything in it and just outside of it, including:
- Computers
- Furniture and equipment
- Exterior signs
- Fence and landscaping
- Important documents
- Inventory
- Other’s property
