Property Insurance

Buy commercial property insurance specific to your business Carry all the types of commercial property insurance your particular small business needs. Property owners need the building and contents insured under their commercial property insurance. Make sure the property insurance quote you get includes coverage for business equipment, business vehicles, office supplies, computers and technical equipment. If your business has specialized equipment, make sure the property insurance companies are aware of the current and replacement value.

I recommend:  Check out the Insurance Information Institute for in-depth insurance information specific to your business needs.

Add liability to your property insurance coverage Service related small businesses need to carry adequate amounts of liability on their commercial property insurance. If your small business is a restaurant, motel or other service related business, you need protection from public claims of injury. For example, if you own a restaurant, you need property insurance for fire; liability if there is a slip and fall or a customer gets sick at your business.

I recommend:  Choose a Business Owner Policy, or BOP for small business with less than 100 employees. A BOP wraps commercial property insurance with commercial vehicle insurance and can be less expensive. Make sure liability insurance is included in your policy.

Get property insurance quotes from more than one company Compare commercial property insurance and property insurance companies online, before you buy. Select the type of property insurance you want and use an insurance quote form online. This is a great time saver because you can receive up to ten quotes just by filling out one form.

I recommend:  Using Netquote to receive property insurance quotes from several property insurance companies with just one form to fill out.

Invest in a sound property insurance company Educate yourself about property insurance companies, their good or bad ratings as financial institutions and ratings from customers. Property insurance companies need to be strong financially as well as offer excellent customer service.

I recommend:  Check the rating of the property insurance company that you’re looking into. Review the customer satisfaction rating of the property insurance company as well.