Commercial property insurance covers the company building as well as the personal contents owned by the company. “Property” includes: buildings, technology equipment, money, valuable papers, lost income or business interruption. Commercial property insurance may cover loss of income suffered by a business when damage by a covered cause of loss disrupts operations.
Typically, the following losses are covered:
- Fire
- Vandalism
- Windstorm or hail
- Damage by sprinkler leakage
Commercial property insurance premiums can be based on location, type of construction, square footage, occupancy, fire protection and loss prevention plans. Eastern Insurance Agencies agents can help you develop a protection plan that fits your organization’s unique needs.