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Commercial Property Insurance

Commercial property insurance is a type of small business insurance that provides coverage for losses resulting from covered perils such as a damage-causing storm, fire, vandalism, theft, electrical surges, building collapse and certain damages caused by water. Without it, small business owners are left to pay for necessary repairs out-of-pocket.

Contact our agency to learn how commercial property insurance can help protect your company’s finances and to get a personalized quote.

Appropriately protecting your company’s assets is essential to the long-term financial success of your business. Commercial property insurance is a crucial component of any well-designed risk management plan. Whether you own an office, retail store or manufacturing facility, unexpected accidents and incidents can cause significant financial losses.

Contact First Choice Insurance Solutions today to get personalized commercial property insurance quotes.

Who Needs Commercial Property Insurance?

Companies that own, rent or lease physical property should consider commercial property insurance coverage. This includes a wide range of businesses, including the following:

  • Retail stores
  • Warehouses
  • Manufacturing facilities
  • Medical and dental practices
  • Educational institutions
  • Nonprofit organizations
  • Real estate firms
  • Construction companies
  • Restaurants

Commercial property insurance is vital for businesses that own or lease high-value assets, such as expensive equipment, inventory or specialized machinery. These organizations face a higher risk of experiencing significant financial losses if their property is damaged or destroyed.

Home-based businesses may also need commercial property insurance, as homeowners insurance policies may not provide adequate coverage.

Is Commercial Property Insurance Required?

When leasing a commercial space or obtaining a mortgage for your business property, landlords and lenders may request proof of commercial property insurance or business property insurance. This requirement is in place to ensure that your business has adequate coverage in case of unforeseen events that could lead to property damage and financial losses.

While meeting these requirements is essential, obtaining commercial property insurance goes beyond mere compliance. It is a crucial step in better protecting your business from the potentially devastating financial impact of damage-causing events.

What Does Commercial Property Insurance Cover?

Commercial property insurance may help provide financial protection for your business assets, including the following:

A business’s physical owned or rented building or workspace

  • Fixtures
  • Inventory
  • Electronics
  • Equipment and tools
  • Furniture
  • Additional items necessary for daily operations

Unexpected events such as fires, storms, theft or vandalism can wreak havoc on your business. With commercial property insurance, you can mitigate the financial impact of these events. This coverage may help pay for repair or replacement costs, helping you recover and resume operations more quickly.

Contact Us

Consult with an experienced agent about commercial coverage to get appropriate commercial property insurance for your company.

Contact First Choice Insurance Solutions in Hollywood, Florida, to start building your company’s commercial property insurance coverage today.

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