Commercial Property Insurance Goes A Long Way

Alright, so you feel that our online presence is safe and secure but what about your brick and mortor? The physical address of your company? There’s a lot that goes into a commercial property so that means you have to take the steps to protect your steps.

How It Works

For starters, the building, equipment, inventory and outside items are covered right off the bat. With a basic property insurance, damages like vandalism, explosions/fire and theft are usually included as well. Additional coverage may be added for disasters like earthquakes or broken glass.

When determining what should be insured, make a thorough list of your property such as equipment, fencing, signs, phone systems, furniture, etc.

Replacement Cost Vs. Actual Cash Value

Commercial property insurance will pay for loses based on these two deciding factors.

  • Replacement Cost is the amount necessary to repair, replace or rebuild property on the same premises, with comparable materials and quality, without deducting any amount for depreciation.
  • Actual Cash Value is the cost to replace it with new property of similar style and quality, minus depreciation.

Don’t Miss Out

You’ve made it this far into the game, you don’t want miss out on having property insurance for your company. Reach out to Dexter&Co. to find the perfect policy for your business as your nest egg continues to grow.

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