As a business owner, you likely rely on physical property to maintain daily operations. Accidents that cause property damage can significantly impact your ability to maintain productivity and pursue goals. Furthermore, repairing or replacing company property can have costly consequences for your finances and future. Fortunately, a commercial property insurance policy can help. 

What Is Commercial Property Insurance? 
Commercial property insurance, also known as business property insurance, is a type of coverage that focuses on protecting the property your company needs to function. A standard commercial property insurance policy can provide financial assistance in response to many common perils, such as fire, lightning, wind, explosions, theft, burglary and vandalism.  

What Does Commercial Property Insurance Cover? 
Although your business may have unique insurance needs, this type of coverage can financially protect many common types of property used by various organizations, including buildings, equipment, tools, furniture, and signage. Every policy is different, so it’s best to check with your Tanenbaum Harber of Florida agent to determine what a commercial property insurance policy could cover for your business. 

Who Needs Commercial Property Insurance? 
Although commercial property insurance is generally not required by law, many landlords may require your business to maintain coverage. Similarly, if your company takes out a mortgage, your lender will likely require you to carry a commercial property policy. Even for those not mandated to have this type of coverage, commercial property insurance is strongly advised to ensure your business can recover financially from covered perils. It should also be noted that if you operate your company from your home or another residential property, homeowners insurance policies cannot generally be relied on to cover business-related losses. 

How to Get Commercial Property Insurance 
While your business may have unique insurance needs, commercial property insurance can financially protect many common types of property used by various organizations. Reach out to us today to get started or to get your business’s commercial property insurance quote.