Commercial Property Insurance California
For the most part, Business Owner Policies (BOPs) do prove a limited amount of insurance coverage for you business,es premises, this frequently concerns only the structure of the building. Under a BOP, the structure or building of your firm is protected from events of climate related issues ( NOT FLOOD or EARTHQUAKES ) and some theft related issues. What about the tools, computers, stock, and equipment in your building? Who will cover the cost of replacing an these issues?
This is where Commercial Property Insurance comes in. A typical Commercial Property Insurance policy will cover the property of your business that a BOP will not. Most insurance agencies can compile a Commercial Property Insurance line to include coverage for:
- Structure (building) of your business
- Furniture
- Equipment
- Lost inventory
- Landscaping
- Outdoor signs
- Damage to the property of others
- And more…
Isn't all Commercial Liability Insurance policies the same?
Commercial Property Insurance is customizable in most cases, allowing you to provide more coverage for the things that truly matter to your business, and less coverage to the things that do not. Don’t think you need Commercial Property coverage? Consider this: if a fire erupts in the building of your business and you lose your entire inventory, are you positive that your BOP provides enough coverage to replace it all? If someone breaks into your business and steals expensive equipment, are you positive your BOP provides enough coverage to replace it in full?
