Commercial Property Insurance

From D.O.K. Insurance Agency

Commercial property insurance provides a wide range of coverage for buildings, inventory, equipment, tools and more. Losses from fire, broken pipes, break-in, vandalism, wind and other natural or manmade disasters are examples of what is typically covered. Please keep in mind that flood and earthquake related losses will not be covered unless specific policies are put in place.

Below are the most common types of coverages available.

Commercial Property Coverage

If your business owns any building, this coverage is a must-have. There could be limitations to outdoor signs, detached structures and equipment. There are dozens of endorsements, exclusions and terms and conditions that can make all the difference. If you are not 100% sure how your current policy is written, please let us help you review your policy right away.

Business Personal Property (BPP) Coverage

BPP insurance covers property at specified locations such as furniture, fixtures, equipment (that may or may not be permanently attached) and inventory. Be aware that most commercial property policies have very limited coverage for property taken off the listed locations on your policy. If you have tools or equipment that is frequently taken off-site, it is important that you have an inland marine policy. If you have equipment that is permanently attached to a building you own but it is insured under your BPP policy let us help you find ways to save premium to insure your equipment.

Business Income (Business Interruption Coverage)

This coverage reimburses a business for lost profits as well as fixed expenses during the time that a business is closed due to a covered claim (such as fire or storm damage). Business Income insurance may also cover financial losses that are due to civil authorities limiting customer access to your business after a disaster. There are a lot of details involved with Business Income coverage so if you aren’t 100% sure what your current policy covers, please let us review your policy today.

Flood Insurance

Commercial property policies exclude flood damages. At the D.O.K. Insurance Agency, we are licensed and trained to help individuals and businesses with their flood insurance needs. After Harvey hit the Houston area, only 20% of homes had flood insurance. Only a slightly higher percentage of business had flood insurance. Sometimes you may not be aware of what your flood risk is. Contact us to find out if your business or home is located in or near a flood zone.

Electronic Data Processing (EDP) Insurance

Most businesses and organizations rely on their computer and data management systems. If technology (both the hardware, data stored on your computers and the software that is run) is a significant business investment for your business, it is important that you are insured against losses to your technology. Most property policies only provide limited coverage for computer equipment and exclude losses that are specific to data, media, and losses caused by computer cyber related attacks (i.e. virus).

While a few years ago a business primarily had to worry about discs, hard-drives, tapes and other data storage devices being lost in a fire, for example, today’s data protection and recovery needs continue to evolve. Cyber liability is a must-have for any business that stores sensitive data or does business online including having employees use emails, business owned computers or browse the internet while having client or vendor data stored on the same computer.

Get a Free Business Insurance Quote

INSURANCE PARTNERS

I love the efficiency of your service! Thanks for your help when I needed that quick fix. You both are amazing!
Abyssinia Washington
Abyssinia Washington
2018-04-23T17:50:05+0000
Dom is fantastic. Valuable knowledge. If you’re looking for someone in the insurance world who actually cares, you found it.
Cody Perino
Cody Perino
2017-12-14T06:05:00+0000
Family business done right. Excellent personal service.
Thomas OKeefe
Thomas OKeefe
2017-08-21T17:24:51+0000
I have been with his agency for a few years now. My experience has been nothing but excellent. I have not only saved tons of money, but only received great service as Dominik is prompt, professional and thorough.
TC Wu
TC Wu
2015-11-20T20:44:05+0000
Always finds me the best rates. Great service! Very responsive.
Brian C Meadows
Brian C Meadows
2015-05-06T04:31:14+0000
Great service and easy to work with!
Mark Lindeman
Mark Lindeman
2013-12-13T04:39:16+0000
Denise Murrell
Denise Murrell
2013-12-03T03:14:03+0000
Andrea Lindeman
Andrea Lindeman
2013-11-27T03:49:31+0000
Kornelia Kłos
Kornelia Kłos
2013-07-22T12:09:47+0000
When my home buyers need insurance, I always send them to Dominik!
Jay Silver
Jay Silver
2013-07-18T18:39:41+0000

FROM OUR BLOG

For Your Vehicles & Watercrafts

For Your Home

For Your Income & Loved Ones

For Your Business

For Your Non-Profit

For Your Contractor Business

Social media & sharing icons powered by UltimatelySocial