Commercial Property Insurance

Protect Valuable Equipment, Inventory, and Data With Commercial Property Insurance

Commercial property insurance covers loss or damage to buildings and personal property owned by a business. Learn more about the benefits of commercial property insurance.

Commercial Property Insurance protects your valuable equipment and inventory

Commercial Property Insurance protects your facility and office against damages. But, what about all of that expensive equipment and client data you have on your computer? A single power outage from a storm is all it takes to wipe both out. Can you really afford to pay out of your pocket? Even if you can, the client data you lost may be irretrievable.

This is where commercial property insurance can prove invaluable. This type of insurance not only protects the property you use, but it will also protect your equipment, furniture, inventory, and electronics. It will prove valuable if a covered loss damages the physical assets of your contracting business. Cover replacement costs without paying an arm and a leg for them.

You Will Need Commercial Property Insurance For:

Recovery Process Following A Loss

A loss can set your business back. If your office or facility was damaged because of an insured peril (such as a flood or storm), you will have to pay for equipment replacements out of pocket if you don’t have commercial property insurance. Continued expenses may include rent, utilities, and payments on a bank loan.

Commercial Property Insurance May Include Temporary Location Coverage

Ask about the Extra Expense coverage endorsement options when purchasing your policy. This will help you with the extra cash expenses in keeping your business operational during a major repair event.

  • Cost of office or facility rent at the temporary location
  • Cost of equipment rental
  • Cost of moving to the temporary location plus the cost of moving back to his permanent location after repairs have been completed
  • Cost of expediting the supplies to the temporary location

The insurance you have may only cover the building your lease or own – not the items inside. With our commercial property insurance – you can get back on your feet sooner rather than later.

Unexpected Losses

No matter how much you prepare your contracting business for risks, unexpected disasters cannot be predicted. Natural disasters don’t follow a set path. A storm can blow the roof off a warehouse and fling heavy machinery around like matchsticks. A single lightning strike can cut off power to your systems and make you lose valuable data

The commercial property insurance that we offer can protect your business assets and help you recover lost income at the same time. Enhance your commercial property insurance policy by adding valuable, such as contracts, client documentation, temporary storage, etc.

Determining The Value Of Your Property

Commercial property insurance is designed to recover losses on the actual cash value and the replacement cost of an item or piece of equipment.

Replacement Costs

Replacement costs pertain to the funds necessary to repair, replace or rebuild the commercial property on the premises. This includes the utilization of materials that are of the same grade and quality without taking their depreciation value into account.

Actual Cash Value

Actual cash value is the amount needed to replace damaged commercial property on the premises that are of similar quality without taking depreciation costs into account. At the Fay Insurance Group, we will work with you to determine the commercial property insurance policy that can work for your contracting business based on your inventory and valuables.

Discuss Commercial Property Insurance At One Of Our 4 Insurance Offices.

There are three types of commercial property insurance coverage: replacement cost, actual cash value, and extended replacement costs. We aim to create a comprehensive commercial property insurance policy that can protect your business whether it is a start-up or a large-scale enterprise. Get in touch with us for a consultation today!

Any one of us can sit down and evaluate your situation with proper commercial insurance coverage. We are independent insurance agents with local insurance offices in Centerville (Dayton) OhioWest Chester (Cincinnati) Ohio, and Northwood (Toledo) Ohio. We have insurance licenses for Michigan Ohio Indiana and Kentucky, so be sure to ask us about your property.

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