Every Austin business needs to protect its equipment and physical location. Commercial property insurance, also known as business property insurance, can cover your equipment and premises. If your business is home-based, commercial property insurance is necessary since your homeowner’s coverage doesn’t cover your business. Commercial property insurance covers all business property regardless of whether it is rented, leased, or you own it outright.
Do you need commercial property insurance in Austin?
Every day, you invest your energy, money, and sometimes tears to ensure that your business runs smoothly. You also offer your employees jobs while also providing goods or services that help your customers solve their problems.
Lots of activities take place at your business premises. That is why it is prudent for you to obtain appropriate insurance cover as protection against any risks that could occur. Your Austin business may face fires, theft of your equipment, or even an accidental fall on the premises.
Therefore, it’s essential to sign up for a commercial property insurance policy tailored to your business’s unique needs and location.
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What business property insurance covers
If your business has the right property insurance policy, you can rest assured it will quickly bounce back when an insured risk occurs. This is because the property insurance policy will help meet the cost of fixing any problem.
Knowing what to choose can be difficult. Not all Austin property insurance policies are identical. However, our experienced agents can help you to select the appropriate items to include. These include but aren’t limited to
- Your inventory
- Processing or manufacturing equipment
- Your office equipment, such as furniture, computers and the phone system
- The building itself (regardless of whether you are a renter or own that building)
- Exterior items. These include signage, fencing as well as satellite dishes
- Important business documents, such as accounting records
- Your personal property within the business premises
To arrive at the appropriate premium for your business’s property insurance, our agents will consider several factors. These include your business location (do you use standalone premises or a unit on a block of premises, for example). It also considers whether the premises have fire and theft mitigation measures and even your building’s age.
Property insurance is important, but it can also be costly if the policy isn’t tailored to a business owner’s needs. At Vos, our agents will work with you to understand your needs and customize a business property insurance policy that meets those needs. Don’t let your Austin business go another day without property insurance. VOS can help!