Commercial Property Insurance
While Commercial General Liability insurance provides coverage for law suits against negligent acts, Commercial Property insurance provides coverage for a business’ buildings and/or contents. The majority of Commercial Property insurance policies, or Business policies, include extra coverage which was designed to fill in exclusions under the base wording. These include items such as:
Some of the most common Endorsements include:
Some of the most common types of Following Form Policies include:
Some of the most common types of Stand-Alone Policies include:
Commercial Property insurance policies can be issued as a “package”, which is usually less expensive. The policy is pre-made for what the Insurance Company thinks a specific type of business will need. However, within the packaged policy, the limits on some types of coverage may be insufficient and other types of coverage may not actually be needed.
Commercial Property insurance policies can also be individually tailored to a customer. These types of policies take more time to quote and are generally more expensive than a pre-designed package. However, the coverage is what is actually needed by the specific business.
For more information on Commercial Property insurance, or if you would like to obtain a quote for your business, please contact our Office and we would be happy to assist you!
The Costen & Associates Team