Call Us Today For A Free Quote | 925.737.1560
JSW Insurance Associates Providing you the protection you deserve
 

Office buildings

Many businesses do not own the structure in which they operate. Rather, you may lease that space from another company or individual. This may be a large building with multiple tenant locations. It could be a single structure that your company occupies fully.

In these situations, your company still needs commercial property insurance. How much, and what it covers, can differ from one organization to the next.

What Is Commercial Property Insurance?

This business insurance helps protect the company from losses related to damage to the structure. It pays to protect the structure, contents, and other assets your company owns. If you were to own the building outright, the business would require comprehensive commercial property coverage to protect the entire structure, parking lot, signage, and any other component of real property attached to the structure.

When you lease real property, though, who pays for the commercial property insurance? In most cases, tenants are responsible for obtaining their own commercial property insurance. This property insurance should usually cover:

  • The tenant’s portion of the building. This should include things such as structural walls and fixtures within your area
  • Your company’s inventory
  • Your company’s assets such as furnishings
  • Computer equipment

Commercial property insurance for leased properties usually does not cover the actual structure itself. Rather, it is generally the property owner's job to have insurance on the structure. This type of insurance will not usually protect the tenant from losses related to perils. Rather, it provides protection for the owner’s investment (the building and its equipment). For this reason, all tenants should have their own coverage in place to minimize the risks associated with loss.

If you are moving into a new structure, speak to the owner about the type of commercial property insurance in place. Learn what it covers and what it does not. Ask for a copy of the policy to know what type of business insurance you need to safeguard your investment. Without this coverage, a fire could destroy the building, including your business, and you would not have the protection you need to replace what you lost.

Commercial property insurance is necessary for nearly all types of businesses. Without it, your company could suffer losses after a fire, storm, theft or vandalism. This is one of the most valuable and key types of business insurance available.

We can help you get the Oakland commercial property insurance you need. Call us at 925.737.1560 for more information.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Instant Quote
Referrals
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
Trade Associations
JSW Insurance is proud to be a member of several important associations.
From Our Blog From Our Customers
Read More Read More
Facebook Twitter LinkedIn Google+ RSS Blog Feed YouTube
Stay In Touch With Us Helpful Site Links Contact JSW Insurance
Sign up now to receive news and updates Main Office
7567 Amador Valley Blvd Suite 211
Dublin, CA 94568
Phone: 925.737.1560
Fax: 925.737.1567

Mailing Address
P.O. Box 2516
Dublin, CA 94568 
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder