Property insurance covers a wide spread of assets. This coverage can help insure the building structure itself and contents inside from many different risks including but not limited to acts of god, fire, vandalism, wind storm and hail. Commercial property insurance can also help replace income in the event of a loss with business income coverage. This can be used to cover rent, payroll and other expenses that do not stop even if your business has been interrupted. Extra Expense is a form used to get your business up and running as quickly as possible after a loss. Tenants can cover the betterments and improvements they have made to a rented area.
Property insurance can be structured to fit your need whether you own the building or are a tenant only wanting to cover the merchandise inside needed to run your business. Additional coverages are available for floods, earthquake/sinkhole, equipment breakdown and other non-direct losses such as utility loss off premise not allowing you to run your business.