We know and understand how important your business property is, and the value of having it properly covered. Fire, theft, and vandalism can be financially devastating if you don’t have the right coverage in your Commercial Property policy.

 

Contact us today so we can begin helping you. We can answer your questions about Commercial Property insurance and which coverages, limits, and deductibles are right for you.  We are here to help you protect your business and your valuables.

 

Although the types of coverage can vary between different insurance companies, a simple commercial property insurance policy may be all you need. As independent agents, Martin Insurance Consultants can help you determine the type of insurance policy and range of coverage that is best for your business. For a full list of coverages available, or to learn more about this product, contact us today at info@MartinInsuranceConsultants.com.

 

What you need to know about commercial property insurance.

Building

Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement costs? Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement cost of your building. Give Martin Insurance Consultants a call today at 520-742-6121 to find the right policy to protect your building(s).

 

Business personal property

Business personal property insurance covers furniture, fixtures, equipment and inventory at a specified location. Be aware that most commercial property policies have very limited coverage for property removed from the specified location. If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy (equipment or installation floater).

 

Business income and extra expense coverage

Business income coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed due to a covered loss. It applies while the premises are being restored as a result of damage from a covered event, such as a fire.

 

Extra expense coverage pays for additional expenses that the business incurs to stay in business due to a covered loss, including costs for temporarily relocating, moving phone and data lines, and additional advertising. Martin Insurance Consultants strongly recommends that all businesses have these coverages as part of their commercial property insurance package.

 

Equipment breakdown

Why equipment breakdown coverage?

 

Typical property policies, even all-risk policies, specifically exclude some of the most common equipment accidents, including electrical arcing, power surges, mechanical breakdowns and explosions from steam pressure or centrifugal force. Gaps in equipment coverage can result in costly property damage, business interruption and spoilage loss.

 

Ask yourself:

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• If a key piece of equipment broke down, could it cost me revenue?

• Would an equipment breakdown send my customers somewhere else?

• How would I replace lost profits if I had to shut down or slow down for repairs?

 

What is covered?

 

• Telephone systems

• Electrical systems

• Computers

• Copiers

• Production equipment

• Refrigeration units

• Compressors

• Pumps

• Gears and gear setsEngines

• Motors

• Generators

• Transformers

• Green environmental efficiency and improvements

 

No business can afford losses that may originate within mechanical, electrical or pressure equipment.

 

Equipment Breakdown Coverage responds to the cost of repairing or replacing mechanical, electrical or pressure systems that suffer a breakdown. Equipment failures are not covered by most standard Business Owners and Commercial Property policies, thus creating coverage gaps. Equipment Breakdown Coverage addresses these gaps.

 

Commercial Flood

Most commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect yourself from resulting damage. Call us today at 520-742-6121 to request a free, no obligation quote.

 

One size does not fit all.

Since every situation is unique, your insurance portfolio should consist of a unique blend of coverages, limits, deductibles, and premiums. With our individualized approach, you receive a portfolio as unique as you.

 

There when you need us.

Rest assured that when you have a claim, you are not alone.  Not only do we counsel you about your claim, we are also your advocates. Request your free, no obligation insurance review today!

 

Martin Insurance Consultants can also write commercial property insurance in Arizona, California, Colorado, Idaho, Illinois, North Carolina, New Mexico, Nevada, Pennsylvania, Utah, Washington, and Wyoming.