What Does Commercial (Business) Property Insurance Cover?
It depends. At Tomins, we take pride in custom-tailoring each customer’s coverage to the unique needs of their specific business. Depending on your risk exposure, the coverages we recommend for your business could vary drastically from what we would recommend for another.
As a basic guideline:
Commercial property insurance can help protect your:
- Owned or rented office space
- Owned or rented buildings
- Supplies and inventory
- Equipment and tools
- Office furniture
- Physical land
From risks including (but not limited to):
- Fire
- Hail
- Theft
- Burst pipes
- Wind damage
Does Commercial Property Insurance Cover Flood Damage?
While coverage against flood or earthquake damage is typically not included in standard commercial (business) property insurance coverage, there is usually a way to add it as part of a comprehensive business owner’s policy. Find more information about BOPs here.
Can Commercial Property Insurance Cover Third-party Property?
At Tomins, we realize certain businesses require the use of expensive equipment that it doesn’t always make sense to buy yourself. Whether you’re a general contractor renting a $250,000 crane or an IT firm storing an outside consultant’s laptop on your property, Tomins has you covered.
Our business insurance experts specialize in designing the perfect coverage for your unique needs. You deserve an insurance partner that works as hard as you do.