What is covered under commercial property insurance?
Business owners work incredibly hard to make sure their business runs smoothly. Sometimes, things happen that may be completely out of the control of the business owner. That is why it is so important for a business owner to have commercial property insurance to make sure they are covered just in case anything happens. Commercial property insurance may cover any physical damage to the property that may happen in the event of a storm, flood, fire, or a criminal break-in.
In addition to the previously mentioned coverage, commercial property insurance may be able to compensate you for any business interruptions, costs associated with getting the business back up and running after a disaster, loss of rent, coverage of payroll for employees, and more. In the event that your commercial property insurance does not have coverage for business interruption, you should definitely consider getting a separate policy for that just in case anything were to happen.
It is always important to do whatever you can to make sure your business is protected because you have worked so hard to build the business to what it is today. If you have faced a natural disaster or another disaster that has impacted your business and your insurance company is not giving you a bad quote on the damages your business faced.
Contact our firm if you need quality legal assistance for an insurance matter.
The Law Office of Craig A. Blumberg is an experienced New York City insurance law firm. If you require quality assistance after having suffered property loss, please contact our firm to schedule a free initial consultation.