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Commercial Property Insurance for Your Business

A total Commercial Property insurance solution is critical to the success of any business – from small start-ups to main street businesses to companies with multiple locations and properties. Property insurance is designed to protect the physical assets of your business—your building as an owner, its contents whether you own or lease, and some outdoor property associated with your business—from fire, theft, vandalism, windstorm, hail, explosion, aircraft, collapse, and other causes of loss as well.

ISU-The Olson Duncan Agency will tailor your Property insurance program to fit the risk profile of your business. Based on our evaluation of your operation, the value of your property, the hazards that you face, including your location that may result in additional exposures, we’ll design coverage specific to your needs. Our professional, dedicated staff will review your risks and current program and determine how to improve your protection and give you peace of mind as you run your business. If you need additional insurance for risks that exceed the scope of a standard Commercial Property policy, we will recommend the specific coverages you require.

Inside Your Policy

During our review, we will evaluate the coverage amounts on your building and business personal property (inventory, furniture, equipment, etc.), your deductibles and coinsurance values, and how the insurance is applied. We’ll also run a replacement cost calculation on your building to make sure that you have adequate coverage, so you can be certain that if a loss occurs it can be replaced. We’ll look at whether your Property insurance includes valuable papers and records, building ordinance, debris removal, increased cost of construction, earthquake sprinkler leakage, and more.

Additional Property Coverages

As a business owner, you should be aware there are several key Property coverages that are typically not part of a standard policy. For example, you should carry Business Interruption and Extra Expense insurance to respond in the event of a property loss that causes your operation to shut down temporarily while repairs or rebuilding takes place. This coverage will pay for income you would have made if your business hadn’t been damaged, ongoing expenses that need to be paid even though you aren’t operating, costs associated with the use of a temporary location and expenses incurred to keep your business open after a disaster, such as renting equipment to replace what was lost. How and when your Business Interruption coverage steps in is important to understand, which our staff will go over with you.

Flood and Earthquake insurance coverages are also important risk-transfer strategies for businesses and can help you stay afloat in the event of a disaster.

Our Value

At ISU-The Olson Duncan Agency, we look to provide clients with a total solution, not simply a quote or an insurance contract. Our goal is to provide real value and build a long-term relationship based on trust. This is underscored by the fact that we provide our clients with their risk management and insurance solutions, including property & casualty, employee benefits and personal insurance. To find out more about how we can help you, call us at (310) 373-6441.