Commercial building insurance is needed when a contractor has a shop or retail store front that needs to be insured. This policy covers real property, which consists of land and the buildings on it, as well as the personal property of the business that is at the location. Property that is in the care of the business is also generally covered. In addition to the building, outdoor fixtures, permanently attached fixtures and machinery are also covered by a Commercial Building policy.
Do I really need Commercial Building and Personal Property Insurance?
If you have a shop and don’t want to jeopardize your business, you’ll need to get coverage for you property. Whether you own your own building, lease your workspace or work at home, you will need to protect your physical assets.
What are some examples of events that I would need coverage for?
- A fire could destroy your building and the contents inside
- A burst water pipe could damage your documents, drawings or other valuable papers
- A storm could damage your outdoor sign
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