Find out how much you'll save on your insurance today. Call 843-951-9099 now!

Commercial Property Insurance

It doesn’t matter how small or big your business is; as long as you attend to several customers, your business is always at risk.

While your primary focus is to get more clients and make more profits, sometimes things can go an unexpected way. A customer can get injured inside your property and file a lawsuit against you.

For a fast Commercial Property Insurance quote call (843) 951-9099 now!

That’s why commercial property insurance is essential. The operations of your business can come into a crashing halt if you don’t have the right type of insurance.

It is essential to talk to an independent insurance agent to determine what type of commercial property cover suits your business.

Understanding Commercial Property Insurance

Commercial property insurance is designed to compensate business owners for things such as inventory, equipment, property belonging to customers in case they are stolen or damaged.

For example, your business may be attacked, and your property and those of your clients stolen. If you have a commercial property cover, then it is the role of the insurance company to compensate you for everything that may have been lost or damaged.

Is it a must to have commercial property insurance?

Although it is not a legal requirement, most financial institutions will prefer that you have it before lending you any money. Besides, not having it means that you will be the one to replace or repair damaged and stolen property in case of anything.

Your business will be at risk of shutting down if you fail to get enough funds to replace the stolen or damaged property. Things can even be worse in a situation where a customer or customers decide to sue your business.

Why should you apply for commercial property insurance?

Commercial property insurance is just like that great friend that always has your back. He keeps an eye on you and comes through when things go south. This means your business can continue with its normal operations even after facing a significant challenge.

For a fast Commercial Property Insurance quote call (843) 951-9099 now!

You can never be sure of what the future holds. You don’t know when a fire will accidentally break out or when burglars will break-in. But with a commercial property insurance cover, you can carry on with your business without the fear of being faced with a financial loss.

Below are some of the common risks that your business is faced with:

  • Bankruptcy and closure: Starting to rebuild a business from scratch or repairing damaged parts can take its toll on your business operations. If you don’t have enough savings, it might be almost impossible to get back on your knees.
  • Legal issues: failing to pay employees, suppliers, and defaulting on bank loans can land your business in big trouble.
  • Spoiled inventory: This is another significant risk that most businesses face. It doesn’t matter how glamorous and equipped your building is; a short power outage can spell doom to your highly perishable products such as flowers and food.
  • Ruined reputation: Sometimes, a customer may have a bad experience with some of your products and decide to spread the negative information. You better be prepared to handle such a scenario.

What is typically covered by commercial property insurance?

Commercial property insurance covers real stuff that makes up your business. In most cases, an independent insurance agent will assess your business before agreeing with you on what exactly will be covered.

The policy document has to state or list all the assets or property covered. For example, if you have a fridge, furniture, taco fixings, among others – all those should be captured in the policy document.

Depending on your state, the insurance company will cover for losses and damages caused by the following:

  • Theft
  • Fire
  • Wind
  • Tornado
  • Hurricane
  • Hail
  • Floods

Commercial property insurance also provides a range of options tailor-made for various business needs. For instance, a spoilage coverage compensates for products ruined as a result of a power outage.

For a fast Commercial Property Insurance quote call (843) 951-9099 now!

Cost of Commercial Property Insurance

Several factors generally determine the price of an insurance cover. Such factors include the location of the business, size, and risks involved. You can pay anywhere from a few hundred dollars to millions every year.

Another factor is the insurance company. Some may charge differently for the same type of insurance coverage compared to their counterparts.

Why is it beneficial to work with an independent insurance agent?

The insurance world can be likened to a dense forest. If you haven’t been there before, it won’t be easy to find your way around. But independent insurance agents understand the ins and outs of the sector. They can listen to your business needs and recommend what’s best for you.

After selecting your insurance cover, they will walk you through the entire process from reviewing the policy document to following up on your insurance claims. All you have to do is find a reliable insurance agent.

Quote Commercial Property Insurance and beat your current insurance carriers price!

Get a quote or Call (843) 951-9099

Let’s see how much you can save.


Let’s see how much you can save.

download apple app download google play app