If you don’t have commercial personal property insurance, then you may be putting yourself and your business at risk. Whether you own an automotive business, are in the food and beverage industry, or whether you simply buy commercial property for a real estate investment – this type of insurance is imperative for you to get!
What Is Commercial Personal Property Insurance?
This type of insurance specifically refers to the non real estate property that your company may own. For example, this would include any of the following:
- Office Supplies, such as staplers, staples, pens, notepads, etc.
- Furniture, such as the desk, chair, tables, and so forth.
- Office Furnishings, such lamps, rugs, decorative plants, etc.
- Computers and Electronics. From a basic laptop to studio recording equipment.
- and so on!
Even if you are in a niche industry, and the equipment is specialized, such as heavy machinery for a construction company or auto tools for a dealership, commercial personal property is essentially all non real estate related assets.
Why You NEED Commercial Personal Property Insurance
Quite frankly, it is possible that some of these items may not be covered with general liability insurance. Having additional commercial personal property insurance will insure that you are further covered in the event that something something should happen, and you must make a claim.
Do you have Commercial Liability Property Damage Insurance ? If not, you need to get it, especially if you are a real estate investor, or own your own business, such as being in the food and beverage industry.
This type of insurance WILL protect your business from the inside out; essentially allowing you additional coverage for your assets.
What Is Commercial Liability Property Damage Insurance?
In short, this type of insurance will directly protect you in the event that damage occurs to the property. Whether that means a construction default occurs, or whether that means there is simply some type of unforeseen event that happens unexpectedly.
No matter what happens, this type of insurance will offer additional protections and coverage for your investment.
You NEED Commercial Liability Property Damage Insurance To Protect Your Investment!
Knowing the claims history of your commercial property is essential, as with being aware of all of the building components a property has, as both of these can affect your rates. However, we simply cannot predict the unpredictable and life does happen. That means your building can become damaged in the event of many different occurrences.
That is why it is imperative to protect your investment! Get the right insurance today!