Commercial Property Insurance

Commercial property insurance is designed to protect you from various types of losses. Businesses that experience a catastrophe or sudden loss don’t often recover. Fire, flood, vandalism, theft, earthquakes and storms can be too huge a hardship to rebuild from. While life is unpredictable, commercial property insurance will help you manage unexpected losses.

Every year, more than 80,000 non-residential building fires happen in the U.S. This results in property losses of up to $2.6 billion. After this type of catastrophe, 40% of businesses never reopen. Additionally, 25% of businesses will fail during their first year following a catastrophe.

Commercial property insurance can help your business get back on its feet following a mishap. Keeping downtime to a minimum is crucial for maintaining continuity and holding onto customers. Insurance will also help you to replace lost furniture, equipment, supplies and goods. Inventory will be able to be replaced quickly. You may even be reimbursed for the money you lose during the downtime, when your business isn’t able to pull in money like it usually does.

Commercial property insurance is available for a host of mishaps, including water damage, wintertime storms, hail, fire and tornadoes. It’s also able to repair or replace parts of your business after vandalism or theft. It’s also possible to purchase additional properties to cover other catastrophes, like floods or earthquakes.

In order to get a realistic commercial property insurance quote, you’ll need to assess your business, including your site’s safety and security, your computer and data, and the risk of smoke damage or fire. The more you reduce your business’ risk, the more likely it is that you’ll get a lower premium. You’ll also ensure that you’ve done everything within your power to bounce back following an unexpected catastrophe.

Let Credo 1 Solutions find the perfect solution to insure your commercial property. Call us today at (703) 803-8191 to speak to an insurance agent!