Commercial Property Insurance

Commercial Property Insurance

What it is

It provides repair or replacement of your commercial property*, allowing you to continue or resume to operate with as little interruption as possible.

*What’s “commercial property”? That’s your business’ stuff. It includes everything from the building your business owns or leases right down to the thumb tacks in your storage closet. (Although we don’t usually worry about the thumb tacks when we file a claim.)

Commercial Property Insurance

Who needs it

nyone who runs a business needs commercial property insurance. It’s especially important for startups and small businesses, for whom the cost of replacing equipment coupled with potential downtime could mean shutting their doors forever.

A study from a large insurance company lists the average cost of small business property claims following covered events:

• Fire: 35K
• Wind/hail: 26K
• Water/frozen pipes: 17K
• Burglary/theft: 8K

Having a commercial property insurance policy won’t prevent such events from occurring, but it will protect your company, and get you back up and running as quickly as possible, when and if they do.

Commercial Property Insurance

What it covers

 

Commercial Property Insurance

How to get it

Commercial Property coverage is usually pretty simple, because property is typically included as part of an overarching commercial general liability policy. So when we review general liability offers from various carriers, we carefully review the specifics of the property coverages to help us determine the best policy and carrier for your business.

As an independent insurance agency licensed in New York State, The Feltner Group can help you get the best commercial property insurance protections. Similar to our life insurance or business insurance offerings, you can receive a personalized list of options available to you. To learn more or to get a specific quote, fill out the form below.