Do business property policies cover items when they’re off-premises?
Most businesses get property insurance to protect a building and items kept at the location. Select policies may cover items when they’re not at the insured premises, but this isn’t the norm.
Businesses that need coverage for items when they’re not at a main location should consider complimentary insurances, such as inland marine insurance (primarily for in-transit) and builders risk insurance (primarily for at worksites).
An experienced insurance agent can assist with selecting property insurance and other insurance policies that work well for a business’s situation.
Can one business property policy cover several different properties?
Adjusting a business property policy so that it covers multiple locations is usually the most efficient and economical way to insure several properties held by one business.
This is something that an insurance agent specializing in commercial property can help with. Policies for multiple locations are readily available, but it’s important to work with an agent so that all locations are properly protected.
How much does insuring a commercial policy cost?
The costs of insuring a commercial property vary, depending on property size, type, location, security features and much more.
An independent insurance agent can help businesses find out how much insuring their building or other property will cost. Independent agents aren’t linked with any single insurance company, and can thus present policy options from several different companies.