protecting all your commercial assets
When most of us think of commercial property insurance, our thoughts may center on large objects, such as buildings. But it’s often the smallest pieces of commercial property that are most important to your business. Computers, files, furniture, and product inventory are critical assets.
The right commercial property insurance policy will help you survive the loss of any essential property, whether large or small. With this policy, you will be protected for the replacement cost of all of your vital property.
Worried about the costs?
At Graham, commercial property insurance policies are scalable to exactly what property you want covered, so you can keep control over your insurance costs.
Our business commercial property insurance can protect your business — from a minor setback to catastrophic loss. Even if you don’t own your building, and simply lease a workspace, or work from home, business property insurance protects your business’ physical assets no matter where they are.
While commercial property insurance plans vary depending on the kind of business and type of property insured, they are usually categorized by the type of event leading to a loss, and by what specifically is insured, including:
FIRE DAMAGE
Destruction of your building and its contents by fire.
WATER DAMAGE
Damage to your documents, drawings or other valuable papers caused by a burst water pipe.
STORM DAMAGE
Damage to your documents, drawings or other valuable papers caused by a burst water pipe.
What business property insurance covers
Small business property insurance is one of the most important investments you can make to ensure the future of your business. Here are some of the important aspects of your business that commercial property insurance helps protect:Your fences and landscaping
Your outdoor
signage
Your furniture
& equipment
Your building
Your inventory
Other’s property
The professionals at Graham Insurance understand your business is unique. That’s why we take the time to help craft a commercial building insurance policy to fit your specific needs, offering a wide range of options that give you both flexibility and protection, at a price your business can afford.
Common types of coverage may also include:
- Completed value coverage to protect buildings in the process of construction that pays for the full value of the finished building in case it is destroyed.
- Updated building codes can add expense when repairing or replacing damaged or destroyed property—you’ll be covered.
- Loss of business income in case damage or destruction of business property results in billing problems or extended work stoppage (typically covers payroll, rental income and other expenses).
- Equipment breakdown coverage for damage caused by electrical and mechanical equipment through explosions, breakdowns and electrical arcing.
- Flood insurance to cover losses to buildings and contents due to flooding, typically backed by the government supported National Flood Insurance Program.
- Earthquakes or volcanic eruptions, while rare, are covered by deductible based upon on a predetermined percentage of property value.
- Utility services failure or damage caused by power outage, water main break or natural gas transmission interruption.
- Inflation allowance adjusting property valuations to allow for increased construction costs due to inflation (usually set percentage based on the inflation index in the area).
The Graham Insurance Difference
While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.
We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.
