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Shopping for Commercial Property Insurance? Here’s What You Need to Know.
Posted by Reliant Insurance Agency, Inc. on
Be more informed as a consumer and protect your commercial property.
Whether you’re a small business owner or you’re responsible for making decisions within a larger business, here’s what you need to know about finding commercial insurance for your needs. And, read on to find out how an independent insurance agent can offer you better coverage at a reasonable rate.
What does commercial property insurance cover?
Commercial property insurance may cover the following:
Any buildings owned by the company
The contents of these buildings (inventory, equipment, important documents, etc.)
Items that are outdoors on your property (signs, fences, etc.)
Loss of income or business interruption in the aftermath of a disaster
In general, commercial property insurance will cover damage or loss of items due to fire, wind, snow, ice, hail, lightning, and other weather-related disasters. It also usually accounts for the theft of items or vandalism of your building.
However, commercial property insurance doesn’t cover damage from floods, and earthquakes.
Keep in mind, your specific policy might differ from this generalized advice. Also, if you want to customize your policy and expand your coverage for earthquakes or other events, you can do so. Just talk to your insurance agent about your options for enhancing coverage via specific property endorsements.
How do I choose the right insurance agency and company?
With so many insurance providers out there, how do you choose the right one? A great insurance company will:
Offer a free comparative quote tailored to your needs—When an insurance agent offers a “comparative quote,” they’re showing you how much it would cost to work with several different insurance carriers. This can save you a great deal of time because you won’t have to contact insurance carriers individually to find out their rates.
Work closely with you to determine your business’s budget and its unique needs—Good service providers know that there isn’t a one-size-fits-all for every business, and they’ll work to find out your specific needs.
Provide quick, helpful, caring customer service—If you ever have any questions about your commercial property insurance policy, you’ll be able to turn to your friendly insurance representatives for help.
Help you create a customized risk management program to prevent future problems—Create a culture of safety within your business by choosing an insurance provider who offers risk management services. This way, you can reduce losses by knowing your company’s risks and taking steps to address them ahead of time.
Use this checklist when searching for any insurance provider, and if you have any questions or concerns, don’t be afraid to ask a representative.
The best choice: an independent insurance agent
In a nutshell, instead of working with a major insurance company, an independent agent works with you. Rather than having complete ties to a specific insurance carrier, an independent agent can offer a wide variety of services from several different reputable carriers.
An independent insurance agent from Reliant Insurance Agency can offer all the characteristics listed above with the added benefit of giving you prudent insurance advise with your best interest in mind.
The best way to get started is to request a quote by clicking here: Request a Quote