Commercial Property Insurance from St. Louis Insurance Company

An insurance policy that covers any kind of commercial property is known as commercial property insurance. This type of insurance is intended to protect a business' physical property from any type of damage. This includes damages caused by theft, fires, natural disasters, and other unforeseen circumstances that could result in significant losses to the company.

While it is not required, it is recommended that businesses of all types and sizes have a good commercial property insurance plan to protect their assets. This includes non-profit organizations, retailers, manufacturers, and service oriented businesses. To learn more about the benefits of commercial property insurance or to learn about the specific commercial property insurance policies available at St. Louis Insurance Company, contact our insurance broker company by phone or request insurance quotes for commercial property insurance by completing or online contact form.

The Benefits of Property Insurance

If your business owns a commercial space, equipment, machinery, or any other substantial property, it is important that you have a commercial property insurance policy to protect these business assets. Commercial property insurance can cover many liabilities and help protect your company's crucial assets and finances in the event of accidents, disasters, or theft. Here are a few benefits you can receive from a good property insurance policy:

• Your Building is Protected: In the event of fires, vandalism, or natural disasters like floods, avalanches, lightning strikes, or other calamities, commercial property insurance can protect your company owned building. Just like homeowners insurance for individuals, commercial property insurance is a substantial way of protecting real estate investments.
• Equipment is Protected: With commercial property insurance policies, all the equipment, stock, or merchandise that is covered under the insurance policy is financially reimbursable. This includes, but is not limited to electronic equipment, mechanical equipment, furniture, fixtures, cash registers, trade equipment, inventory, and anything else that is stored on the property. Therefore, this property is protected against theft and damage.
• Protection from Theft & Damage: When property is damaged or lost due to man-made acts such as vandalism, theft, or arson, your property insurance policy will cover the resulting expenses. It will help repair or replace damaged equipment and get your business back on track.
• Protection During Natural Disasters: Storms, tornadoes, hurricanes, floods, avalanches, and other natural disasters can strike without warning and cause substantial damage to your property. With a commercial property insurance policy, you can be protected against many natural disasters. Some policies only cover certain disasters, so you should always read through the policy carefully to make sure that your commercial property insurance covers your property in case of such major catastrophes.

Mistakes to Avoid When Buying Commercial Property Insurance

When it comes to commercial property insurance, there are many different types of policies to choose from, and these can each offer different types of coverage. In order to ensure you get the best policy, you should avoid these things:

• Not Doing Your Homework: Before investing money in a commercial property insurance policy, it is important to do all your homework about the policy. You should completely understand what your policy covers and what options are available to you before making a decision.
• Not Shopping Around: In most cases, you should not simply just choose the first policy you find. You will want to look at all your available options, compare pros and cons, and then decide which policy bests suits your needs.
• Not Consulting a Professional: An insurance agent can help you fully understand the finer details of the policy. They are trained to look through the documents and explain the fine print, which you might otherwise miss.
• Buying Less Insurance Than You Need: When companies try to save money on premiums, they are often trading off for less comprehensive and complete coverage. It is important to understand exactly how much coverage your policy offers. It is better to be safe than sorry, so you should choose a policy that adequately protects your property and your investments.

Request a Property Insurance Quote

As a respected business insurance agency, St. Louis Insurance Company promises to help you find the best commercial property insurance policy to meet your needs. We will help you consider your options and allow you to choose a policy that best meets your budget while protecting your assets. For help finding the commercial property insurance policy that is best for your company, contact us today.