Commercial Property Insurance in Oakhurst, CA
Although most Business Owner Policies (BOPs) do provide commercial property insurance coverage, this most often pertains only to the actual structure of your business. Under a BOP, generally, the structure of your business is covered from events of “peril” (i.e., weather-related damage) and causes of loss (i.e., Robbery). What about the furniture, computers, and equipment in your building? Who will cover the cost of replacing an outdoor sign? This is where Commercial Property Insurance comes in. A typical Commercial Property Insurance policy will cover the property of your business that a BOP will not. New Horizon Insurance Services can compile a Commercial Property Insurance line to include coverage for:
- Structure (building) of your business
- Furniture
- Equipment
- Lost inventory
- Landscaping
- Outdoor signs
- Damage to the property of others, and more...
1. Property insurance for buildings and contents owned by the company — there are two different forms, standard and special, which provides more comprehensive coverage.
2. Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
3. Liability protection, which covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.
A BOP policy does not cover professional liability, auto insurance, workers compensation or health and disability insurance. You'll need separate insurance policies to cover professional services, vehicles and your employees. Commercial Property Insurance is customizable in most cases, allowing you to provide more coverage for the things that truly matter to your business, and less coverage to the things that do not. Don't think you need Commercial Property Insurance coverage? Consider this: If a fire erupts in the building of your business and you lose your entire inventory, are you positive that your BOP provides enough coverage to replace it all? If someone breaks into your business and steals expensive equipment, are you positive your BOP provides enough coverage to replace it in full?
2. Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
3. Liability protection, which covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.
A BOP policy does not cover professional liability, auto insurance, workers compensation or health and disability insurance. You'll need separate insurance policies to cover professional services, vehicles and your employees. Commercial Property Insurance is customizable in most cases, allowing you to provide more coverage for the things that truly matter to your business, and less coverage to the things that do not. Don't think you need Commercial Property Insurance coverage? Consider this: If a fire erupts in the building of your business and you lose your entire inventory, are you positive that your BOP provides enough coverage to replace it all? If someone breaks into your business and steals expensive equipment, are you positive your BOP provides enough coverage to replace it in full?