image of business property in new yorkWhether your business is large or small, investing in insurance is important to success.

Most businesses have access to buildings, operational materials and other valuable assets. Investing in business property insurance is a way protect your assets from risks. It doesn't matter if you own your building or you have a lease, with the right level of insurance coverage, you can protect against the unexpected.

Don't let your business insurance surprise you. Learn about how these policies function, and understand how your risks apply to coverage. Then get a policy that fits your needs.

What Does Business Property Insurance Cover?

No matter what type of business you run, your property is vulnerable to a wide variety of risks. These may include fire, theft, vandalism and weather. Most business policies cover damage to your building, office equipment, signs and more.

Common business property insurance claims may include:

  • Fire damage to the outside of a building and important inventory inside.
  • Repairs to outdoor signage after a storm or other inclement weather.
  • Repair or replacement of business equipment after a robbery.

How Does it Work?

Most insurance companies will ask you to decide which items you would like to insure and the type of risks you want to cover. Basic business property insurance coverage usually includes protection against:

  • Fire
  • Vandalism
  • Theft
  • Certain damages to your building and outdoor areas

While you often have the final say in which items you cover, some popular options include:

  • Your building
  • Outdoor items (seating, signage, fencing, etc.)
  • Office equipment (desks, computers, chairs, machinery, tools, etc.)
  • Inventory

It is always best to comprehensively cover your most valuable items. Therefore, look to local regulations and insurance offerings as guidance to get the right coverage.

With this type of coverage, you can also choose how you would like to receive payment after a loss. You can choose to insure your property at replacement cost or actual cash value. If you choose the replacement cost option, you will receive payment for damages without subtracting for age or depreciated value. With actual cash value, you will receive payment for damages after wear and tear.

Protect Your Business Assets with Business Property Insurance

Does your current business insurance policy protect your building, office equipment and inventory? Don't get caught without this extra layer of protection when you need it the most. Protect your business with a business insurance policy that meets your special needs.

We've got you covered. Call Stahlka Agency at 716-634-7070 for a fast, free business insurance quote.

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