Re/max Innovative Properties
Jessica Jussif
Jessica Jussif, Re/max Innovative PropertiesPhone: (603) 490-4914
Email: [email protected]

Why commercial property insurance coverage is essential for businesses

by Jessica Jussif 01/28/2024

Commercial property insurance featured image with picture of storage space

Small and large businesses alike have much to handle every day however emergencies can arise, taking daily operation off course. This is why it’s important for companies to have commercial property insurance to protect the structure of their work base. 

What types of damages are covered under the commercial property insurance policy?

Commercial property coverage offers financial protection from: 

  • Theft.
  • Hail.
  • Wind.
  • Vandalism. 
  • Fire. 
  • Lightning strikes.
  • And more. 

Items insured include the building structure, work supplies, inventory and building attachments. For example, a fire may break out at a used tire shop, destroying inventory. The business owners can be financially compensated with replacement cost of supplies, and they can also receive lost income compensation. 

What is excluded from commercial property insurance?

Typically, auto accidents in company vehicles are covered by commercial auto insurance instead of commercial property insurance. Flood damage is not secured under standard commercial property insurance coverage, instead, a separate policy for flood coverage would need to be purchased to cover water damages. 

How much does commercial property insurance cost?

On average, commercial property insurance is about $800 a year. Business location, materials used for construction, industry type and more can affect policy cost. 

Who needs commercial property insurance?

Having commercial insurance is essential for company owners to protect their business. Business owners who have an office space, storage units, inventory or office supplies may need insurance to financially protect themselves from perils. 

 As a business owner, expenses can seem to come from everywhere, however, investing in commercial property insurance is well worth the cost as it provides financial security for your company.



About the Author
Author

Jessica Jussif

With over 18 years of experience, Jessica is licensed New Hampshire and Massachusetts. A proud member of the National Association of Realtors, Jessica values the highest code of ethics and standards expected of her. As a seller’s agent, she uses the most current market information to properly value the property. In addition, with her experience she is able to assist sellers on the best ways to improve homes so they can solicit the highest offers. Jessica works with a cutting edge marketing & social networking firm to obtain the maximum exposure for all of her listings. Known for her negotiating skills, she has a passion for working with buyers providing knowledge of what to expect & peace of mind throughout the process. In addition to what Jessica provides as a buyers agent, she works closely with a team of experts so it’s a “one stop shop” for all her buyers. In addition to her real estate career, Jessica is also a licensed loan originator in N.H. Combined with her expertise in both real estate, mortgages and finance, Jessica has a full understanding on the home buying and selling process. In today's real estate market it is so important for sellers and buyers to work with an agent who has great skill set and experience.