What would you do if your business were destroyed by a fire or storm? Having sufficient commercial property insurance could offer you security during times of crisis. The San Marcos Insurance Group in Chandler, AZ understands that you cannot keep your business going after a disaster unless you are supported with the proper business insurance.
What to Do for Your Property Insurance
Take an inventory of your business items, including equipment, material, as well as the buildings specs. When you go to your insurance agent to set up property insurance, let them know whether or not you own the property. If you are renting space, some landlords may require you to have a certain minimum amount of coverage according to your rental agreement.
What Commercial Property Insurance May Cover
Depending on the type of coverage your policy details, you may have all of the following included if you need to file a claim:
- The building and the windows
- Any signage that is damaged
- Desks, chairs, and other office equipment
- Landscaping and any fencing
Additional Coverage to Consider
Because commercial property insurance normally covers only property that is at one specific business location, you may require additional coverage such as Business Interruption Coverage or Electronic Data Processing Insurance.
Business Income Interruption is optional insurance that covers lost profits and expenses while your business is closed. If you need time to remodel because of a flood, you may be able to use your business interruption insurance to replace your lost income.
Electronic Data Processing, or EDP, is property insurance that has to do with protecting computer data related to your business. Commercial property insurance has a limited policy concerning electronic data, so adding EDP you have a better chance of being covered if your system is compromised.
If you are in the Chandler, AZ area, walk into the offices of the San Marcos Insurance Group. They have knowledgeable professionals that can help you with your commercial property insurance.