If you own or manage a commercial building, knowing what your standard commercial insurance policy covers is critical. At E.S.T.I.R. Inc., serving Bloomfield, NJ, we specialize in providing expert advice and guidance on commercial insurance solutions that can help mitigate the costs of liability, lawsuits, and other legal expenses associated with running a business.
What Commercial Insurance Covers
What your commercial insurance policy covers can vary based on the size of your business, your operation, and the coverage you’ve selected. But in most cases, the following are covered:
- Building structure:
- Walls, floors, ceiling, roof, and foundation
- Windows and doors
- Built-in fixtures, such as HVAC units, electrical systems, and plumbing configurations
- Permanently installed fixtures, such as:
- Lighting systems
- Flooring
- Office partitions
- Built-in cabinetry
- Outdoor features attached to your building, such as:
- Awnings
- Signs
- Exterior lighting
- Attached utility or storage areas
You can also consider business personal property add-ons to help protect assets in your building, such as inventory and supplies, office furniture, computers and electronics, tools, machinery, and equipment.
Knowing what your commercial insurance policy covers is imperative if you own a commercial building. At E.S.T.I.R. Inc., we help guide our clients by reviewing their existing policies and providing advice regarding add-ons and umbrella insurance, when needed. To learn more about your existing commercial insurance policy and what it covers for your business, contact us.
