What is Commercial Property Insurance?
Running a business in Massachusetts requires a lot of things. A space to operate, inventory, furniture, computers, and other equipment are just the tip of the iceberg. With so much invested into your business property, you need to protect it. Commercial property insurance can help provide financial protections against fire, storm damage, theft, and other events to help you recover if your property is stolen, damaged, or destroyed.
Insurance experts in Massachusetts and across the country agree that commercial property insurance is a policy that many companies need. When your business suffers a loss, your ability to quickly recover can determine the future of your business. A commercial property policy can help pay for furniture, equipment, document recovery, and more to facilitate a speedy return to business operations.
Commercial property is broadly considered to be all physical items related to the operations of your business. This can include:
- The physical structure of your office building
- Industry-specific equipment
- Customer’s property within your business space
- Records and documents
Vehicles, cash, and other certain other items are typically excluded from property insurance coverage.