Commercial property insurance helps prepare your business for the worst.

Protect your property from damage, loss, and theft with commercial property insurance.

Is your business prepared for the worst?

Fire, flooding, theft, or accidental damage are unfortunate incidents that could not only damage or destroy your property but could also devastate your business. Whether it’s your office building, commercial vehicles, or equipment, losing these assets would be a potentially critical setback for your business.

Replaces lost or damaged property.

A commercial property insurance policy may help protect against the cost of replacing lost or damaged property. Additionally, insurance may cover any associated losses—such as lost income—that are caused because part or all of your business is temporarily unable to operate.

About Business Income Coverage

Business income coverage has never been a bigger topic of conversation than it was last year when organizations were forced to close due to COVID-19. Business Income coverage should be a part of your property policy and is designed to cover loss of income due to a slowdown or temporary suspension of normal operations from damage to your property. The cause of loss needs to be included in your policy and generally, there needs to be physical damage to real, covered property.

Prevention Steps to Rising Costs for Business Income Coverage

The details of the policy are so important to understand when determining what is covered and how to best apply it to your specific situation. Business income can also be provided on other emerging lines of coverage like cyber and privacy liability coverage. Be prepared by having the exploratory conversations with a specialist about what could happen to your business and identify ways to protect it.

Policies can cover additional, unexpected costs.

It’s worth exploring the options available to you with a business property insurance policy, as they may cover risks you hadn’t thought of. For example, some policies protect against the additional costs you face if rebuilding a damaged business facility means no longer being exempt from local building codes. Other points to check include whether a policy covers the cost of removing debris before reconstruction begins, as well as whether the business property is covered against weather event damage while being rebuilt.

  Next Steps

Here at Rue Insurance, our licensed agents are available to speak with you one-on-one, to develop a customized insurance plan that fits your unique needs. Contact us today and learn more about how to Be Ready with Rue at 609-586-7474 or on our website here.