Call Us 864-271-9125 ☰ ˟
Logo
Call Us 864-271-9125
  • Home
  • Our Agency
    • AboutImage of right arrow
      • Our Team
      • Our Locations
      • Additional Resources
    • Career Opportunities
    • Our Partners
  • Products
    • Personal Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Roadside Assistance
      • Specialty Auto Insurance
      • Towing
      • Rental Reimbursement
      • Personal Injury Protection (PIP)
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
      • In-Home Business Insurance
    • Other Personal InsuranceImage of right arrow
      • Identity Theft
      • Personal Umbrella Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Long-Term Care Insurance
      • Mortgage Protection Insurance
      • Disability Insurance
      • Second-To-Die Policy
      • Key Person (Key Men) Insurance
    • Health InsuranceImage of right arrow
      • Group Health Insurance
      • Dental Coverage
      • Vision Coverage
      • Long-Term Care Insurance
      • Temporary Health Insurance
      • Supplemental Insurance
      • Disability Insurance
      • Medical Expense Insurance
      • Child Health Insurance
      • Travel Health Insurance
      • HSAs
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Additional Insurance ServicesImage of right arrow
      • Special Event Insurance
      • Other Services
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Construction Insurance
      • Consulting Firm Insurance
      • Specialty Trade Contractors Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Funeral Home Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • Law Firm Insurance
      • Limousine Services Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Maritime Employers Insurance
      • Media & Advertising Insurance
      • Orthotics & Prosthetics Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Retail Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tow Trucks Insurance
      • Vacation Rental Property Insurance
      • Water Well Drillers Insurance
    • Coverage for Your BusinessImage of right arrow
      • Bonds
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Cyber Liability Insurance
      • Errors & Omissions
      • Fidelity Bonds
      • General Liability Insurance
      • Inland Marine Insurance
      • Marine Insurance
      • Professional Liability
      • Surety Bonds
      • Workers Compensation
    • Coverage for Your EmployeesImage of right arrow
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
  • Get A Quote
    • Personal Auto
    • Business & CommercialImage of right arrow
      • Commercial Auto Quote Form
      • General Liability Quote Form
      • Group Health Quote Form
      • Workers Compensation Quote
    • Homeowners
    • Individual Life Quote Form
    • Errors & Omissions Quote
    • Group Life Quote Form
    • Individual Health Quote Form
    • Group Health Quote Form
    • Bonds Request Form
  • Resources
    • Refer a Friend
    • Insurance Glossary
    • Important Links
    • Make A Payment
  • Contact Us
Home > Blog > Commercial Property Insurance 101
FRIDAY, AUGUST 4, 2023

Commercial Property Insurance 101

Commercial property insurance helps safeguard your business from unexpected expenses after an incident that causes damage to its physical structure and other assets, such as equipment. Insurance can save your business from the financial burden of costly out-of-pocket expenses related to lost, stolen or damaged property.  Business with open sign

What Is Commercial Property Insurance? 
Commercial property insurance shields business owners from the risks of owning or leasing physical property. In the event of unforeseen damages or accidents, this insurance policy covers the costs of repairs to get your business back up and running quickly. 

Typically, a commercial property insurance policy covers a wide range of risks, including building or structural damage to the property owned or used by your business; lost, stolen or damaged equipment; and fire, theft or other causes of loss. 

Are Businesses Required to Have Commercial Property Insurance? 
Lenders and landlords may require commercial property insurance, but even if not required, all business owners should consider it to safeguard their assets and protect against potential financial losses. Without this insurance, your business may be exposed to expensive repairs and replacements.  

Is Commercial Property Insurance Expensive? 
The cost of commercial property insurance is determined by various factors. Insurers typically assess the risks your business may face by considering the following variables: 

  • Location—If your business is in an area prone to natural disasters such as wildfires or severe weather, your insurance rates may be higher. 
  • Building details—The age and condition of critical aspects of your building, such as plumbing and electrical systems, can impact your premiums. Older or outdated buildings may be more expensive to insure. 
  • Business operations—Certain industries may have higher risks than others, which could lead to higher premiums. 
  • Safety systems—Implementing safety systems such as security measures and sprinklers can reduce your business risk and potentially lower your premiums. 

How to Get Commercial Property Insurance 
If you need commercial property insurance or want to learn more, call us today. We’re here to help your business with its commercial insurance needs.  

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information. 

Posted 3:39 AM

Tags: commercial property insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2024
  • 2023
  • 2022
  • 2021

  • workers compensation insurance(7)
  • bop insurance(5)
  • commercial auto insurance(5)
  • general liability insurance(5)
  • auto insurance(3)
  • home insurance(2)
  • business insurance(2)
  • commercial property insurance(2)
  • specialty auto insurance(1)
  • homeowners insurance(1)
  • workers compensation(1)
  • contractors insurance(1)
  • bonds(1)

View Mobile Version
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Home| Get A Quote| Customer Service| Blog| About Us| Contact
38 Pointe Circle | Greenville, SC 29615
Ph: 864-271-9125 | Fx: 864-232-8037 | bethkendall@kendallagency.com
Social Social Social Social Social
Logo

Powered by Insurance Website Builder