Imagine that a fire breaks out and you lose your entire inventory. Or your business is burglarized causing physical damage and possibly lost assets. Your ability to recover from these incidents is dependent on your commercial property insurance.
In case of catastrophes like fire, explosion, theft, or vandalism, property insurance helps cover your costs, whether it’s to repair damaged property or replace what you’ve lost. In addition, property coverage can provide business interruption income if a covered loss forces you to close your business for an extended period of time. Protecting your business property insures your peace of mind if a disaster occurs.