What does Commercial Property Insurance Include?

There are different types of insurance available to address the needs of businesses. From the small family-owned store to the largest of retailers, having the right insurance is a crucial part of protecting your company’s assets. In Baton Rouge, LA, the knowledgeable agents at Insurance & Financial Services Inc. can help you find the right insurance coverage for your business.

What is Commercial Property Insurance?

Commercial property insurance is one of the coverage options available to businesses to protect their assets. Whether you experience a business loss due to a natural disaster, accident, or theft, commercial property insurance can help you recover these losses.  It covers business items, inventory, and equipment that are damaged or stolen. Some policies also include Business Interruption Insurance. If your business suffers damages that prevent you from generating income, this added protection helps you to rebuild rather than close.

What Exactly Does It Cover?

The primary two things that commercial property insurance cover are buildings and personal business property. If you own the building that your business operates out of, then coverage is available for that building. For business owners who rent space, there are insurance options that specifically cover your property within the rental space.

Personal business property protection covers things such as your inventory, supplies, furnishings and equipment. This can include items within your business space, and off-site. For example, if you are a professional photographer who carries expensive camera equipment with you to various locations for photo shoots, your equipment is covered if damaged while at these locations.

At Insurance & Financial Services Inc. serving Baton Rouge, LA, we are here to help your business to grow and succeed. If you have questions about business insurance plans, give us a call or stop by our office.