Will Your Commercial Property Insurance Cover Your Water or Fire Damage?

8/3/2020 (Permalink)

What is commercial property insurance? 

Commercial property insurance protects your company’s physical assets from fire, explosions, burst pipes, storms, theft and vandalism. 

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
• Others’ property

What Factors Are Involved in Determining Coverage?

Your insurance agent will take into account the location of your building and the preventive measures in place when determining the costs. For example, your insurance premiums could be lowered if your property is near a fire hydrant, or if you have installed a fire sprinkler system or have a robust security system.
The type of materials in the building’s structure can also determine the commercial insurance premiums. If the building was constructed of materials that could be considered potentially combustible, your rate would be higher than if the building was made of fire-resistant materials.
The most important first step in protecting your property in East Dallas is to find an insurance agent that you can trust so that you get the best possible commercial insurance coverage for your business.