Commercial Property Insurance

Commercial property insurance is meant to cover all business related tangible and intangible assets like money and securities, accounts-receivable records, inventory, furniture, machinery and supplies. Losses caused by fire and theft and other such disasters are included in most of the basic multiple-peril policies of property insurance. For most business people, insuring a commercial property can mean a lot in terms of the security of the business and for the returns as well. Commercial property insurance will protect your company against loss or loss of use of your business property. This means loss of income or business interruption, buildings, computers, money and valuable papers.

Most insurance companies offer commercial property plans with a minimum premium almost exceeding $100,000. Second observation: So,when anybody opens a new business,at first,he should think of ensuring protection and security,essential for all small or big businesses.

Choose your policy.

The property insurance may cover the infarstructure(building structure, furniture, inventory,etc) or it may cover money and securities.You can open your policy which will cover the actual cost of replacing your property,known as the as a replacement-cost basis policy or you can open a policy which will be based on the replacement cost minus physical depreciation of the lost or damaged property.

Types of Policies

The insurance companies usually offer two types of policies: named-perils policy and all-risk policy.Firstly,you can open a named-perils policy, which will cover losses resulting from only those perils the policy includes.Secondly,you can also open an all-risk policy, which will offer coverage for all perils except those specifically named.The latter typically has the higher premiums.

1. Buildings and other structures

2. Any outdoor property such as signs or fences

3. Mobile property such as construction equipment or automobiles

4. Machinery

5. Furniture, equipment, and supplies Inventory

6. Leased equipment

7. Computers and other data processing equipment

8. Records, valuable papers, books, and documents

9. Money and securities

10. Intangible property such as trademarks and logos