Commercial Property Insurance

Commercial Property Insurance

A common business insurance product is commercial property insurance. This insurance product provides coverage for a broad range of instances that cover inventory, tools and equipment, and the physical structure. It also provides coverage for loses that occur as a result of manmade or natural disasters like wind damage, break-ins, vandalism, and fire damage.

For many businesses, a basic commercial property insurance policy is enough protection. However, the type of basic protection you receive varies from the different insurance companies. It’s these seemingly minor differences that make all the difference when you ask your insurance company for a payout. Our job at California Brokerage Insurance Associates, an independent insurance agent, is to identify the best type of insurance policy and coverage that meets your business’s needs.

To learn more about all types of business property insurance, give us a call today.

Types of Commercial Property Insurance

Building Insurance

Commercial building owners need sufficient commercial property insurance to fully replace all damaged items. At CBIA, we recommend that all business owner get a third-party appraisal to accurately assess building replacement costs. If you’re unsure what the right amount of commercial property insurance is for your business, give us a call and we’ll guide you through the process.

Flood Insurance

Did you know that flooding isn’t covered under the majority of commercial property policies? Generally, you need a separate policy to protect against flood damage. CBIA helps its clients review their current property insurance policy to check for this coverage.

Business Personal Property Coverage

Many commercial property policies have limited coverage for damaged business personal property taken from the main location. If you or your employees frequently take property to various locations, business personal property insurance coverage is something that greatly benefits your company.

Business Income (Business Interruption Coverage)

Sometimes businesses need to close for an indeterminate length of time. This might be to make unexpected repairs from a fire or other natural or manmade disaster. During this time, business income insurance kicks in and covers loss profits and fixed operating expenses. At CBIA, we strongly recommend this product for all our customers.

Electronic Data Processing (EDP) Insurance

Today’s businesses rely heavily on technology for day-to-day operations. EDP insurance coverage is designed to protect all computer-related equipment. Why do we recommend this product? The answer is simple. Most commercial property policies have very limited coverage policies for computer networks, including power surges and virus attacks. EDP insurance fills in the gaps.

At California Brokerage Insurance Associates, we understand the individual business insurance needs of our San Diego clients. Call today to get the best coverage for your business now and in the future.