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.
If tools or equipment are lost, stolen, or damaged, contractor's tools and equipment insurance helps pay for the repair or replacement of items that are less than five years old.
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.
The average premium for contractor's tools and equipment insurance is $14 per month. Your coverage limits and property value affect the exact cost of this policy, among other factors.
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 rider is an insurance modification that adds extra protection to a policy and enables businesses to customize it to their specific needs.
Named perils coverage is a type of business property insurance that only protects you from hazards and risks explicitly described in your insurance policy.
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.
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.
Coinsurance refers to either a property insurance clause that requires clients to purchase adequate coverage or a joint insurance policy provided by multiple insurers.
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.
