Small and large businesses alike have much to handle every day however emergencies can arise, taking daily operation off course. This is why it’s important for companies to have commercial property insurance to protect the structure of their work base.
Commercial property coverage offers financial protection from:
Items insured include the building structure, work supplies, inventory and building attachments. For example, a fire may break out at a used tire shop, destroying inventory. The business owners can be financially compensated with replacement cost of supplies, and they can also receive lost income compensation.
Typically, auto accidents in company vehicles are covered by commercial auto insurance instead of commercial property insurance. Flood damage is not secured under standard commercial property insurance coverage, instead, a separate policy for flood coverage would need to be purchased to cover water damages.
On average, commercial property insurance is about $800 a year. Business location, materials used for construction, industry type and more can affect policy cost.
Having commercial insurance is essential for company owners to protect their business. Business owners who have an office space, storage units, inventory or office supplies may need insurance to financially protect themselves from perils.
As a business owner, expenses can seem to come from everywhere, however, investing in commercial property insurance is well worth the cost as it provides financial security for your company.
I have been a licensed agent since 1985. My community involvement enables me to offer many contacts to you, the client. I will put you in touch with other professionals in the lending, home inspection, and closing business. My 35 years of experience in the real estate market will make your transaction a favorable one.
My professional designations include Certified Residential Specialist (CRS), Seller Representative Specialist (SRS), Accredited Buyer Representative (ABR), NAR Green Designation, and Loss Mitigation Certified. I have served as committee member and chairperson on many committees at the Greater Manchester Nashua Board of REALTORS and New Hampshire Association of REALTORS and am also a graduate of the Leadership Academy at NHAR. Awards include multi-million dollar producer, REALTOR of the Year, and Good Neighbor of the Year.