Building a small business takes years of hard work and dedication. Having adequate property insurance for your company’s physical building, and the equipment and inventory inside, is critical to preserving what you’ve worked so hard to build.
Your physical property is one of your business’ largest assets. Commercial property insurance compensates you if the property you use to operate your small business is damaged due to various hazards including fire, theft, vandalism, explosions, water damage, severe weather, and computer viruses.
Everything you use to run your company and meet the needs of your customers is typically housed inside an office building, retail location, manufacturing plant, warehouse, storage unit, or other facility. Everything from the building to the equipment and materials located inside need to be protected from life’s unexpected events with commercial property insurance for small businesses.
Consider these common scenarios:
- You spend years building up a steady clientele at your retail store. Then a fire tears through your location, burning your inventory and rendering the space unusable without major repairs.
- Severe weather strikes the region where your production facility is located. Signage outside and equipment indoors are damaged by wind and water. You’re unable to resume production or fulfill customer orders until the damage is repaired.
- You finally have the office space you and your staff have always wanted. It’s stocked with the latest electronic equipment and state-of-the-art computer technology that helps you get the job done for your customers. Then, one day, you walk into work to find your office has been robbed.
Along with other common small business insurance policies, commercial property insurance allows you to rest easy knowing that you’re protected if these or similar unfortunate situations happen to you.
Sleep better knowing your company’s property is protected.