Are you a commercial property owner? Then you should consider commercial property insurance.
The right property insurance can give you peace of mind and financial reassurance. You can focus on growing your business, knowing your assets are protected. And at Adion Financial, we’re here to help you find the right policy. No matter what level of business property insurance you need, we can assist.
What Is Commercial Real Estate Insurance?
Commercial real estate insurance is a specific type of insurance cover. It provides a range of protections for your owned or rented business property, including:
- Commercial premises
- On-site inventory
- Business equipment
- Building fixtures
This type of insurance protects your property and assets against a range of hazards, including:
Every policy is different. What you need depends on your business and the value of your assets. Our team has the experience to source competitive property insurance for commercial businesses of all sizes. Contact us to learn more or get an insurance quote.
Types of Insurance for Commercial Property
There are various levels of coverage, and types of policies available. Common types of policies include:
- Named perils policy: These insurance policies cover only the hazards listed in the agreement.
- Open perils policy: Open cover protects you against a wider range of hazards. The only hazards not protected are listed as exclusions.
Whether you need insurance for rental units or office space, there’s commercial real estate insurance policy for you.
You may need supplementary coverage for extra hazards, such as floods or accidental damage. This could mean taking out policies such as:
Unsure what cover you need? Adion Financial can help any small business owner!
Do You Need a Commercial Property Insurance Policy?
You are not legally required to carry business property insurance in the US. However, commercial property insurance is essential for safeguarding your business. Failing to have insurance means you must:
- Cover the costs of repairing or replacing assets.
- Meet the cost of repairing damaged premises.
- Handle associated costs e.g. interrupted business operations.
If you don’t have commercial property insurance, you could face serious financial consequences. No matter how large or small your business, it needs protection.
Contact Adion Financial for help choosing a commercial building insurance policy.
Costs of Property Insurance for Commercial Businesses
Commercial real estate insurance rates vary considerably across the US. Costs are determined by factors including:
- Location e.g. flood zone
- Claims history
- Size of the property
- Level of coverage
- Size of your business
Our team can help you find competitive business property insurance quotes.
Get Commercial Real Estate Insurance Coverage Today
At Adion Financial, we know how much your property means to you. That’s why we make it simple to find business building insurance to suit your specific needs. We believe that you deserve choice – and we’re here to help you explore your options.
Our team can source competitive insurance quotes for your business. So, if you need commercial real estate property insurance, don’t hesitate.
Contact our office or request a quote online today.