Businesses have many physical assets, including buildings, computers, specialized equipment, outdoor signage and inventory. If a fire, storm or thief were to damage or steal these assets, a business may have to go through a recovery process before their doors can open once more.
Without adequate commercial property coverage, approximately a quarter of businesses fail during the first year following a disaster or theft. Such events result in hundreds of billions of dollars in paid claims. Most businesses cannot afford such a substantial loss. Commercial property insurance can assist with repairs, replacements and lost income during a tumultuous time like a natural disaster or theft.
Commercial property insurance helps businesses survive various situations. These situations include the following:
Repair or replacement: Coverage can extend to assets that are lost, damaged or stolen due to fire, storm, hail, tornado, theft or vandalism. Damage from flooding and earthquakes are excluded.
Lost income: Income loss results from a business’ inability to run as usual following a disaster. This coverage can offer lost income relief, along with the expenses associated with recovery.
Temporary location: A devastated building may no longer be able to support daily operations. Coverage can extend to funding a temporary location while repairs are being made.
We can assist you in finding the commercial property insurance policy that best suits the needs of your business. Call us today with any questions or concerns or to start the process of finding comprehensive coverage for your business.
Our dedicated staff of insurance professionals are here to assist you in securing an insurance policy to protect the things you've worked hard for. With a vast knowledge of our many carriers, we are equipped to shop for the best policy to suit your specific needs. Our job is to help you navigate through the sea of policy options and clarify any questions or concerns you may have along the way. We’ve successfully served hundreds of customers and are determined to treat each individual with respect and compassion. Shopping for insurance can be difficult, but our staff does the work for you and one of our goals is to keep this as effortless as possible for you. Maintain your peace of mind knowing that our insurance professionals have your back.
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We happily service Fort Collins, Greeley, Windsor, Loveland, Timnath, Wellington, Evans, Johnstown, Eaton, Berthoud, Severance, Milliken & all communities in Colorado.
The team at Squires educated me on my insurance policies and answered all of my questions. They were also able to save me money on my auto and home insurance with better coverages. Highly recommended!