Commercial Property Insurance in Jacksonville, FL
All organizations rely on some sort of physical property to operate. Even companies without a physical workplace depend on computers, smartphones, servers and other electronic devices. That’s why commercial property insurance should be a staple of every company’s risk management and loss control measures, regardless of how many tangible assets a business may have.
What Insurance Do I Need for Commercial Property?
Commercial property insurance is a multifaceted and versatile type of insurance that may suit the needs of many companies. These policies, also known as business property insurance, can financially protect businesses from many common incidents and perils, including the following:
- Fires
- Lightning
- Theft
- Vandalism
- Burglary
- Hail
- Explosions
- Some types of water damage
In addition to standard commercial property insurance, a business may need additional policies for specific situations. For example, if a company owns or operates motor vehicles, it will need to secure commercial auto insurance. Commercial property coverage typically does not extend to objects transported off-site, making inland marine insurance often necessary.
What Does My Policy Cover?
Commercial property insurance can financially protect many types of property and assets. While exact coverage details may vary depending on a policyholder’s needs, preferences, risk tolerance, budget and other unique circumstances, coverage can often include losses involving the following:
- Buildings
- Electronics
- Equipment
- Tools
- Inventory
- Furniture
- Signage
- Landscaping
How Much Coverage Do I Need?
A business’s commercial property insurance needs may vary greatly. While there are no legal requirements regarding this type of coverage, companies may need to comply with other obligations. For example, lenders often require coverage if a business has taken out a mortgage on its building. Similarly, tenants may be required by landlords to retain this type of insurance.
We’re Here to Help
Contact Gator Auto Insurance Agency Inc. to learn more or compare personalized quotes.