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Does Business Insurance Cover Rental Property?

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Determine How Well Your  Business is Protected

 

As a business owner, you may not have considered how well your company is protected. What would happen if a fire broke out and burned down your commercial rental property? Or if a thief broke in and stole valuable goods? Do you have the right business insurance in Renton, WA? If you’re renting a space for your business to operate in, you will need a commercial property insurance policy.

 

What does commercial property insurance cover?

Property insurance coverage helps to cover disasters such as fire, vandalism, damage from weather conditions, and other common risks. It often covers your office belongings such as manufacturing equipment, inventory, records, and more. However, every policy will have its limits. Talk to your insurance agent about making sure you have enough coverage in place for your business.

 

How much does it cost?
The cost of a commercial property insurance policy will vary depending on a number of factors, such as:

  • Location – Where is the building located? Is the area prone to any natural disasters?
  • The building’s construction – Does the building have newer systems in place? Was it made with fireproof materials?
  • The industry – Some industries are simply more dangerous than others. Posing a larger threat can result in higher premiums.
  • Security – Do you have security systems in place? Are there fire alarms?

 

As a business owner, it’s in your best interest to safeguard your rented property. To safeguard your business even more, make sure that you have the right commercial insurance. For a policy to suit your business and property at the right price, contact the team at Humble & Davenport Insurance today.