One of the most common types of business insurance is commercial property insurance, which provides a wide range of coverage for buildings, inventory, equipment, tools and more. Losses from fire, break-in, vandalism, wind and other natural or manmade disasters are examples of what is typically covered.
A basic commercial property insurance policy may be all you need, although the types of coverage can vary between different insurance companies. As an independent insurance agent, SCIB can help you determine the type of insurance policy and range of coverage that is best for your business.
For a full list of coverage available, or to learn more about this business property insurance, contact us today.
Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement costs? Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement cost of your building. Give us a call today, and we’ll help you determine if you have enough commercial property insurance for your business.
Most commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from resulting damage. Check your current property insurance policy to be sure you are covered. If you’re unsure, just ask us to review your insurance policy, and we’ll help you find the best solution.
Business personal property insurance covers property at a specified location such as furniture, fixtures, equipment and inventory. Be aware that most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy (equipment or installation floater).
This coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed. It applies while the premises are being restored because of damage from an event such as a fire. Business income insurance may also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster. We strongly recommend that all businesses acquire this coverage.
This coverage is separate property coverage specifically designed to protect your computer related equipment. Most commercial property policies have limited coverage for computer networks. EDP broadens the causes of loss to include things like power surges and in some cases virus attacks.
SCIB understands the Greenville business insurance needs of our customers. The right coverage for you is unique – call us today to find out how to protect your business and your future with the right insurance.
I greatly appreciate when my agent shops around for the best deal for me. I genuinely feel they have my best interests in mind. I really like it when I can speak to an actual human not just some automated system and recap my coverage once a year.
The quotes and savings they found for me are amazing. The return calls are prompt. The insurance broker makes everything easy to understand. When I changed policy carriers the broker also made it easy and not stressful. I love you SCIB!!!!!
Unfortunately I had water damage in my home and I felt that the staff did an outstanding job and were also sympathetic to the fact I just had my home ruined. Attention was very prompt and respectful!
You reach out to ME when it’s time for a review. It’s easy to talk to someone when I have questions. You do the insurance comparisons for me so I don’t have to contact everyone about rate.
You are always looking out for our best interest as home owners. You make sure we are well covered. Thank you to you and your staff.