Commercial property insurance covers most financial losses you may experience in the event the physical assets of your business – such as buildings, equipment or outdoor fixtures – are damaged. But before purchasing commercial property insurance coverage, it’s helpful to have a good understanding of the basics. Commercial property insurance coverage safeguards a company’s buildings, contents, equipment, and other real and personal property. This includes:
- Inventory
- Property improvements
- Furniture, equipment (owned or leased) and supplies
- Computers and data processing equipment
- Records, valuable papers and other documents
- Fences, signs and other outdoor property not attached to a building