Building: Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement cost? Give one of our experienced agents a call and we will help you determine if you have enough building coverage for your business.

Business Personal Property (BPP): BPP covers property at a specified location for furniture, fixtures, equipment, and inventory. The easiest way to think about what this coverage is for is; if you turn your building upside down, what would fall out? If you were to turn our office upside down, chairs, desks, computers, etc. would all fall out! This is what your business personal property insurance covers. Yes, it is important to make sure your building is insured, but it is also important to make sure what is inside the building is covered as well! 

Inland Marine: No, this isn't for boats (even though we can cover that too!). An Inland Marine policy is also known as an equipment or installation floater policy. Your BPP policy, that we discussed above, has very limited coverage for property taken off the specified location. This is where an inland marine policy would come into play. If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy. 

Business Income (Business Interruption Coverage): In the event of a loss, how are you, as a business owner, going to deal with lost profits and fixed expenses while your premises are being restored? That's why you need business income coverage. This coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed and is being restored. 

Electronic Data Processing (EDP): This coverage is separate property coverage specifically designed to protect your computer related equipment. Most commercial property policies have limited coverage for computer networks, that is why we think it is important to add this additional coverage to your property. EDP broadens the causes of loss to include things like power surges and in some cases, virus attacks.  

Flood: Most commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from the damage flooding can cause. Check your current property insurance and make sure you are covered. Not sure what to look for? That's what we're here for. We would be happy to review your coverage and help you find the best solution.