INSURANCE FROM WORCESTER SPECIALISTS

Worcester Commercial Property Insurance

Many Worcester businesses operate with a slim profit margin. Any sort of significant loss can be difficult to recover from. When you’ve invested tens of thousands of dollars into desks, computers, purchasing an office or retail space, inventory, and other items, losing them to a theft, fire, or other cause can cripple your business. Commercial property insurance helps to protect your investment, allowing you to repair or replace your items up to your policy limits for a more successful recovery.

Commercial Property Insurance Coverage

Most items within your business space are considered commercial property. This typically includes:

• Furniture, such as desks, chairs, and cubicles
• Computers
• Printers, scanners, and other electronic equipment
• Tools and specialized equipment
• Inventory
• Documents
• Customer property

If you own your office space, your property also includes the physical structure of the building, signage, and anything else attached to your building. Your commercial property policy will typically cover all of these items, up to your policy limits, if they are damaged or destroyed due to a covered event.

If you rent your office space, you should carefully read your lease to understand your insurance obligations. Through working with your insurance agent, you can be sure your policy will not leave dangerous coverage gaps if your landlord’s policy doesn’t provide full coverage for the structure.

Most policies have specific exclusions listed in the policy. Commonly included in this list are cash and vehicles. Your agent can help alert you to any other exclusions and policies that may be able to cover those items or situations.

Worcester Covered Events

When you purchase a commercial property policy, you are purchasing protection against the common risks faced by businesses in Massachusetts. Theft, vandalism, fire, storm damage, and water damage are all covered by most property policies. When one of these situations occurs and your property is damaged or destroyed, you can file a claim and receive up to your policy limits to help you make repairs or replace your items.

Policies typically exclude flooding, earthquakes, and other less common or difficult to cover events. However, you may be required by your lender or landlord to purchase separate flood insurance if the building is in a high-risk flood zone. Your agent can help you determine if you need to buy separate coverage for these events.

Good record keeping is essential to a smooth claims process. Photos, receipts, and records help your insurance agent evaluate your claim and get you the payments that you need as quickly as possible when a loss occurs.

The physical items within the office represent a large investment for many Worcester businesses. Fire, storm damage, theft, and vandalism can put this investment at risk, leaving your company struggling to recover. With commercial property insurance, you can have financial protections, allowing your business to recover quickly and easily from common losses that may occur.