If your company were to experience a major loss such as a fire, a theft, or an event that would also qualify as a disaster, does your company have the proper insurance coverage to protect your company?
If your company was diligent and acquired an Arizona Commercial Property Insurance Policy, it can protect your property that the business owns such as equipment, inventory, furniture, fixtures, and improvements you have made to your space. In addition, these types of policies may also include coverage for accounts receivable and/or media and your computers. Some policies will also include coverage for lost income due to your company’s operations being suspended and unable to operate due to a covered loss and may also cover the operating and payroll expenses necessary to keep you and your company in business after a covered loss. That’s why Arizona Business Property Insurance Coverage is one of the most important investments ensuring the future of your business along with your commercial general liability policy.
A fire could destroy your building and contents. A burst water pipe could damage your important documents, carpeting, computers, and inventory. Without the proper coverage, could your company survive this type of disaster? Having an Arizona Property Insurance Policy can help your company, even if your business is operating as a farm and/or ranch. This coverage can pay to repair or replace buildings and other property, destroyed or damaged, because of a storm, fire, or other incidents covered by the commercial property insurance policy. This type of coverage may also pay to replace lost or stolen property.
Business owners can buy commercial property insurance regardless of whether they own, rent, or lease a building. Many times, property leases require that the tenant insure the building as a condition of their lease. Please review your lease for any and all business insurance requirements. If your company rents or leases a building, you should consider tenant coverage that will insure your company’s on-premises property, including furniture, merchandise, and machinery. In most cases, the building owner’s policy doesn’t cover the contents of the building that belongs to your company as the tenant.