Understanding Commercial Property Insurance

As a business, you rely on various physical assets and property. Even amid the rise in digital technology and online solutions, most companies must still depend on multiple tangible possessions, although the makeup of these items may have changed. For example, whereas companies may have previously kept physical documents in a file cabinet, most copies may now be stored on an online cloud server, which still requires electronic devices to access and maintain.

Regardless of industry, your company likely depends on certain items to operate. Protecting such items with adequate insurance should be considered an essential investment. Fortunately, the dedicated team at JSW Insurance in Dublin, CA, is well-equipped to help you understand and secure appropriate commercial property insurance.

What Is Commercial Property Insurance?

A commercial property insurance policy acts as a contract between your business and its insurance provider. The details and parameters of this contract may vary depending on your business’s unique circumstances, including its location, industry and risk tolerance. However, the primary functionality of commercial property insurance generally remains the same: to provide financial aid in response to incidents in which your tangible assets are damaged, stolen or destroyed.

What Can Commercial Property Insurance Cover?

Commercial property insurance often includes several key and common perils that might impact businesses of all sizes and across all sectors, such as fires, burglary, vandalism and some weather-related incidents. In response to such incidents, your business’s policy may render aid for losses and expenses, such as those related to the following:

• Structures—Your policy’s building coverage can provide funds and resources following incidents that damage or even completely level your company’s offices, as well as outlying buildings, such as parking structures or warehouses.
• Contents—Business personal property coverage is an integral part of commercial property insurance and may assist with repairing or replacing various items used by your company, including electronic devices, furniture, tools, equipment and inventory.
• Income—Business income insurance, also known as business interruption insurance, can often be included in commercial property insurance. This feature can go beyond helping with physical damage to your property, instead often addressing financial consequences, such as if you must temporarily shutter operations due to a covered event.

Where Can I Get Commercial Property Insurance?

Commercial property insurance is among the most common components of a business insurance portfolio, and its importance transcends industry lines. The knowledgeable and experienced agents at JSW Insurance are standing by to help your company identify its coverage needs, explore available options and secure a suitable policy. Visit our website or call 925-737-1560 to learn more or to get a personalized quote today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.