COMMERCIAL PROPERTY INSURANCE 

COVERAGE FOR BUILDINGS, INVENTORY, EQUIPMENT AND MORE

One of the most common types of business insurance, commercial property insurance, provides a wide range of coverages for buildings, inventory, equipment, tools and more. Losses from fire, break-in, vandalism, windstorm, and other natural and manmade disasters are examples of what is typically covered.   

A basic commercial property insurance policy may be all you need, although types of coverages can vary between insurance companies. As an independent insurance agency, Rehm Insurance & Financial Services can help you determine the type of insurance policy and range of coverage that is best for you business. 

Building

Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement costs? Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement costs of your building. 

Flood  

Most commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from resulting damage. Check your current property insurance policy to be sure you are covered. If you’re unsure, just ask Rehm Insurance & Financial Services to review your coverage, and we’ll help you find the best solution.  

Business Personal Property  

Business personal property insurance covers property at a specified location for furniture, fixtures, equipment and inventory. Be aware that most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy (equipment or installation floater policy).   

Business Income (Business Interruption Coverage) 

This coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed. It applies while the premises are being restored because of damage from an event, such as fire. Business income insurance may also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster. 

Electronic Data Processing (EDP)  

This coverage is separate property coverage specifically designed to protect your computer-related equipment. Most commercial property policies have limited coverage for computer networks. EDP broadens the causes of loss to include things like power surges and in some case, virus attacks. 

To find out more about these, as well as other products and services, contact Reegan Rehm directly at 507.345.3366 or reegan@rehmins.com.