Property Insurance

Cover that makes complete business sense.

One of the first steps in protecting your business is protecting your assets. Property Insurance is designed to provide coverage for buildings and their contents, machinery, furniture, computers, accounting records and more. It can also be extended to cover loss of income from interruption of business or increased costs after loss or damage to property.

The most basic forms of Property Insurance cover loss and damage by fire, lightning and explosions. You can also insure against storms, floods and theft, or invest in All Risk insurance for the most comprehensive protection.

There are a number of factors that will impact the price of Property Insurance, such as the construction of your buildings, environmental factors, and the kinds of activities that take place on site. For example, an office is likely to have much lower premium rates than a fast food restaurant.

However, there are a number of steps you can take to lower risks and reduce your insurance costs. Depending on the nature of your business, installing alarm and sprinkler systems, hiring security personnel to prevent theft, or establishing a maintenance schedule are all good examples of actions you can take to lower your premiums.

Some businesses buy their Property Insurance as part of a Commercial Combined Insurance Policy (bundling it with Liability Insurance). However, if your business has particularly large or complex risks it may be wiser to invest in two separate policies.

We can help determine the specific risks faced by your business and find the policy that’s best for you.

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