Business Property Insurance and Business Liability Insurance

Business Property Insurance

Business Property Insurance provides coverage for items such as:

  • Buildings

  • Contents and Equipment

  • Air Conditioners

  • Common Areas

  • Computers

  • Furniture and Fixtures

  • Exterior Signs

  • Important Documents

  • Inventory

  • Loss of Income

  • Others’ property

  • And More

Business property insurance protects your company’s physical assets / building from fire, explosions, burst pipes, storms, theft and vandalism. Earthquakes and floods typically are not covered by commercial property insurance, unless those perils are added to the policy.

Business General Liability

Why Do You Need General Liability Insurance?

As a small business owner, this insurance helps protect your business from costly liability claims. It will help you if an issue were to arise from common business situations such as:

  • Customer slip and fall accidents account for 10% of liability claims, and the average cost is $20,000.

  • The average cost of customer injury claims is $35,000.

  • Without general liability insurance, you may have to pay for these claims with your own business and personal assets.

   

If your business is selling alcohol, your general liability does not provide coverage for this type of exposure - find a new insurance agent now

Whether your bar’s niche is “simple dive” or “overpriced and uber-posh,” all it takes is for one disaster to leave you with crippling repair costs. Having the proper protection is key. 

Umbrella/Excess Insurance

Also referred to as Excess Liability Insurance helps to cover loses that exceed the limits of liability on your policy.