Is your Property & Equipment insurance adequate?
Commercial Property Insurance protects owned buildings and contents your business needs to run. It can pay to repair or replace your building or business contents if they are stolen, damaged, or destroyed in a fire or natural disaster.
Insurance policies may have limits and/or caps on a per item basis for contents coverage. They might also require additional or specified coverage for computers, electronics, out door signage, fences, gates, and other out door property.
Property coverage is typically limited to damage that occurs at a specified location. If you have equipment or tools that are used away from the covered location, you will probably need a separate policy to cover those items. (see equipment coverage below).
We will help you find the best coverage possible for your business!
Scheduled Equipment / Inland Marine
This type of coverage will protect business property such as machinery, tools, and specialty equipment at any location for a specified limit per item.
This coverage is used if there are business equipment or property that needs to be covered, but there is not a commercial property policy in place or the items cannot be covered properly or completely on the commercial property policy.
Many contractors use this type of coverage to insure their equipment & tools used at job sites. Other businesses may use the coverage to insure large expensive equipment that the property insurer doesn’t want to cover on the commercial property policy.
Equipment Breakdown / Boiler & Machinery
Equipment breakdown insurance covers damages to almost any equipment caused by covered internal forces, such as power surges, electrical shorts, mechanical breakdowns, motor burnout or operator error.
This coverage can be added as an endorsement on some commercial property policies or purchased as a separate policy.