Business: Property Insurance

Property insurance covers damage to the building that houses your business, as well to as items inside, such as furniture and inventory.

Basic property insurance covers your business against unforeseen losses due to fire, lightning, vandalism and other mishaps. Optional coverage can also be obtained (at additional cost) to cover against less likely events such as earthquakes and floods.

Property policies essentially fall into two groups. A "named-peril" policy will cover certain losses resulting only from causes that the policy identifies. An "all-risk policy" covers any type of loss except for those specified in the policy. The difference is important - one policy specifies what it will cover, while the other identifies losses that it won't.

Since it's a good idea to buy insurance based on replacement value, it's necessary to take stock of your business and list the items that you have, along with their replacement values. Make sure you look beyond the obvious, such as notebook PCs and signs not attached to a building. Once you have the list, decide exactly what items are worth insuring and make sure they are covered by the policy.

To learn more about our Property Insurance, please contact one of our dedicated agents at Allen & Stults at 800-792-8660. Or to request information, please fill out and submit the below form and one of our agents will contact you within 48 hours.