Property insurance
Find out if your company is eligible for this policy, which bundles general liability insurance and commercial property insurance at a discount.
Buying or renting an office is a big step for a small company – so you’ll want to make sure to protect your investment with office insurance. While commercial property insurance pays for damage to your building and belongings, you’ll likely need other policies as well.
An additional insured is a business, individual, or other entity included in a general liability policy in addition to the named insured. Additional insureds are a way of extending your liability insurance coverage to another person or business.
Business insurance is designed to protect your company against insurable risk, or the likelihood of a loss. But it's important to understand that even the most comprehensive insurance policies don't cover every type of risk.
The average premium for commercial property insurance is $67 per month. However, your coverage limits and property value affect the exact cost of this policy, among other factors.
Named perils coverage is a type of business property insurance that only protects you from hazards and risks explicitly described in your insurance policy.
Insuring your business's laptops, desktops, and other electronics is a necessity when you work in tech. Learn which policies include computer or laptop insurance.
Typically, you need to contact your insurance carrier directly when you want to file a commercial insurance claim. But the steps you take may differ based on whether you're filing a property claim or a liability claim.
A commercial property insurance policy that covers open perils protects your business possessions from most causes of loss or damage. However, this option is typically more expensive than a policy that covers named perils.
An insurance adjuster is someone who investigates claims to determine what an insurance company should pay.
A rider is an insurance modification that adds extra protection to a policy and enables businesses to customize it to their specific needs.
Assessed value is an estimation of how much your property is worth. It is determined by your local city hall or a municipal assessor.
An insurance policy with all-risk coverage covers claims from all incidents that aren't specifically omitted in your contract.
The actual cash value is how much your business property is worth in its current state. This value is calculated by subtracting the depreciation from the replacement cost.
