Why You Need Commercial Property Insurance

Commercial property insurance in Plano, TX will protect your company’s physical assets from fire, burst pipes, theft, vandalism, storms, and explosions. Typically, earthquakes and floods are not covered.

Commercial property insurance in Plano, TX does more than just protect your building, so it’s important insurance to have. Some of the things this insurance protects include computers, furniture and equipment, landscaping, important documents, inventory, exterior signs, and others’ property. Just think about how expensive it can be to have to replace all your business equipment and your inventory. This shows how important this insurance is for any business. In order to determine how much coverage you need, keep an inventory of your business assets and get enough coverage to protect them. Keeping this list of business assets will help you in the event you do need to file a claim.

Depending on your policy, there may also be covered for business assets when they are being used at off-premise locations. This can include an employee taking a company computer on a trip and the device is stolen. Speak with an agent at Paragon Independent Insurance Agency to determine if you have this type of coverage.

One of the other important aspects of a property policy is protection against loss of income or revenue for property loss. There are provisions that will provide net income and continued expenses during the period where you are rebuilding after a loss. For example, if your business has to shut down for two weeks while you rebuild because of a fire, your policy could reimburse you for some of the lost earnings for those weeks.

Even though commercial property insurance covers a lot of things, it does not cover any liability and you will still need liability coverage in addition to this policy.

Contact an agent Paragon Independent Insurance Agency to get a quote on commercial property insurance.