Protecting your Business
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, Mega Insurance can help you determine the type of insurance policy and range of coverage that is best for your business.
Is property insurance legally required? Many types of business insurance are optional. However, while it may not be required by law, a property and casualty insurance policy is highly recommended for all business owners. Further, your landlord or lender may require you to carry property insurance to protect their investment.
Commercial Property Insurance- helps protect the business property you own, lease or rent, including assets like your buildings, equipment, furniture, fixtures and inventory.
Business Income and Extra Expenses (BIEE) – provides coverage when your business shuts down temporarily due to a fire or other covered loss. It helps replace your income and covered expenses like rent, payroll and other financial responsibilities while your property is being repaired or replaced.
Related Types of Insurance
COMMERCIAL PROPERTY INSURANCE