Property insurance protects your business from the loss or destruction of your property due to catastrophes. It provides you with an important tool to safeguard your property from unfortunate events to mitigate potential loss to your business.
There are two kinds of property insurance: named peril policies and all-risk peril policies.
- Named peril policy – This kind of policy specifies what kinds of catastrophes are covered by the insurance. If one of the specified catastrophes happens, the insurance will pay the cost of any resulting damages.
- All-risk peril policy – Instead of only providing coverage to a relatively specific list, this kind of policy provides broader coverage of disastrous events in general, although earthquake and flood are not included.
You can also choose to include additional coverages to your commercial property insurance including building code upgrades, debris removal, and machinery insurance – at an additional cost. You need to find out what kinds of coverages and which special coverages are important to your business. Our agents will work with you so you don’t have to tackle these important issues by yourself. We work for you, not the insurance company, so we will help you find the least expensive option that fulfills your insurance needs.
To learn more about your commercial property insurance options, contact our Weymouth, Massachusetts based agents at Charles G. Jordan Insurance Agency. Put our 60 years of expertise and experience to use to make sure your business has the right coverage for its situation. Give us a call today at 781-337-0427, fill out the form to the right, or visit us at 17 Front Street in Weymouth if you want to talk about your commercial property insurance needs.