Is your Commercial Property insurance coverage adequate?
Your livelihood is dependent on the survival of your business, so it is imperative that you protect it against any potential threat – big or small. The most common types of Commercial Property coverage include: buildings or other structures (leased or owned), furniture, equipment, supplies, inventory, computers, mobile equipment, construction equipment, cargo, signs, etc. However, did you know you may be able to secure coverage for loss of business incomes, trademarks, payroll in the case of closure, or extra expenses after a loss?
Basic property insurance covers losses due to perils such as fire or lighting, but coverage is available for much more. Should you want to purchase more than basic coverage, you can buy a standard policy that provides coverage for extended perils, such as floods, windstorms, hail, acts of terrorism, riots, vandalism, etc.
One of the most important aspects of purchasing property insurance is making sure you have purchased enough coverage to be adequately protected. It’s important to have conversations with your Agent about your coverage amounts and what is adequate for you. Merrill Insurance understands that determining your property and business’s value is important to you, so we’re here to help.