Commercial Property Insurance
As an independent agent, LG Insurance can help you determine the type of insurance policy and range of coverage that is best for your business.
Commercial property insurance is essential for protecting your business from the unknown. Disasters can strike at any moment, and damages from fire, theft, vandalism, wind and other catastrophes can become extremely costly. And the liability doesn’t stop with your property; it includes any tenants that may be paying you rent.
Commercial property defined:
Commercial property is any property or inventory that is owned, used, manufactured, sold by, or used to house any goods or places of business for the insured.
What is Commercial Property Insurance?
Commercial property insurance is an important business investment that helps protect your physical assets from a variety of disasters.
A common example is fire damage. If a fire burns down your building there are specific losses that occur, including:
- Business Personal Property
- Inventory, Income
- Rental Income
- Valuable Papers
- And countless other assets.
A comprehensive commercial property insurance policy can protect you from these losses and preserve your income in the event of a disaster.
What Does Commercial Property Insurance Cover?
Commercial property insurance covers your most valuable business assets, including your building and its contents, both inside and out. Below are types of commercial property to insure:
- Your property and buildings
- Inventory, including finished goods inventory and work in progress
- Food storage and spoilage
- Inland and ocean marine
- Condominium Associations
- Apartment Buildings
- Industrial Buildings
- Premises Rented to you
- Property in transit
- Business personal property and the property of others
- Computers and media
- Fine Art and Scheduled Items
- Cargo and Haul for hire
- Mixed Use Buildings
Commercial Property Insurance that Fits Your Unique Needs
No two companies are the same, and your insurance should be tailored to fit your unique business needs. LG Insurance Agency’s commercial property insurance varies depending on each customer’s individual use and need.
For example, a computer business will likely require special media coverage on the property, while a big warehouse will require full building coverage. Another example is a business that consists of land property in transit or ocean property in transit; these businesses typically require special coverage for their cargo.
Choosing the Right Coverage
The experts at LG Insurance Agency are ready to help you determine what exactly your company needs to stay protected. After understanding how your business operates, our team will provide you with personalized, cost-effective coverage options.
Get Your Commercial Property Insurance Quote Now!
It is our goal at LG Insurance Agency to help you understand your coverage and to fit the policy within your budgetary needs. We want policies to respond to your claims both large and small, and will be there to guide you during times of need.
Contact us today and we’ll customize a commercial property insurance policy that fits your needs. Fill out the form on this page or call us at (877) 288-7169. We look forward to speaking with you.