Commercial Property insurance covers businesses for losses due to certain covered events, such as fire, theft, vandalism, or natural disaster. This coverage helps protect your valuable business assets, such as an owned or leased building, tools, equipment, machinery, or inventory. If your business involves servicing other people’s property, you will also need protection while it’s in your possession. Additionally, beyond physical damage to property, you can protect your business from lost income resulting from a covered loss.
How much Property insurance and the extent of coverage you’ll need depends on your specific operation. This has never been more evident than in the wake of recent wildfires in Northern and Southern California and the devastating losses businesses have incurred. Without the right property valuation, coverage limits and features, the out-of-pocket expenses could shutter a business permanently.
Arroyo specializes in providing diverse businesses – from start-ups, to established and growing companies, to firms with multiple locations – with Property coverage that addresses your unique risk exposures. Our agency has the size and horsepower to handle large “Master” property schedules, locations in all 50 states and even international placements.
Some of the important considerations the Arroyo staff will discuss with you to secure the appropriate Commercial Property coverage for your operation include:
We will also discuss the need for Crime insurance as well as for Earthquake and Flood insurance, which are not included with a Commercial Property policy.
Differences in Conditions policies can provide Property coverage for challenging perils; e.g. Earthquake coverage in California; Wind coverage in the Gulf Coast and Florida; and/or Flood coverage in designated flood zones throughout the United States.