Protect your vital properties with Bzee’s property insurance coverage
Commercial property insurance helps protect your owned or rented building, plus the tools and equipment you use to operate your business. It covers losses from many sources, such as:
Commercial Property Insurance
For home-based business owners, this type of commercial insurance provides more coverage than homeowners insurance. You may have heard other names for this type of insurance, like:
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Business Property Insurance Covers
Commercial building insurance helps protect your business’s physical assets, such as your:
- Building
- Equipment
- Tools
- Inventory
- Furniture
- Personal property
It also includes business interruption insurance, which will help replace your lost income in case you can’t operate your business because of covered property damage.
Who Needs Commercial Property Insurance?
Commercial property insurance can help your business if:
- A fire damages or destroys your computers
- Lightning strikes a building that has business renters’ insurance coverage
- Someone breaks into your building and steals your inventory
How Do You Value Commercial Property for Insurance?
Insurance companies value commercial property in three ways:
1. Actual cash value
How much it’d cost to replace an item, minus its depreciation (meaning how old it is or its condition).
2. Replacement cost value
How much it’d cost to replace an item with something similar or the same.
3. Fair market value
The cost of an item if it were to go on the market today.