Commercial Property Insurance in Littleton, NH
Businesses often depend heavily on various tangible assets to ensure the reliable and timely execution of essential tasks and operations. Even in the digital era, where many functions have moved into cyberspace, electronics and the various components of remote workstations may represent essential company property. With this in mind, all organizations should assess and address their commercial property insurance needs.
What Is Commercial Property Insurance?
A commercial property insurance policy establishes a contractual agreement between your company and its insurance carrier. Throughout your policy, you pay regular premiums to maintain your coverage, which retains you the right to file a claim for financial assistance following covered incidents, such as fires, thefts, burglaries and vandalism. If your claim is approved, your insurance company can provide a payout up to your policy’s limits and minus your deductible, thereby limiting your out-of-pocket financial losses.
Although the exact details of commercial property insurance coverage may vary, these policies can typically include financial protection for the following:
- Buildings
- Electronics
- Machinery
- Tools
- Equipment
- Furniture
- Inventory
- Signage
- Landscaping
How Much Is Insurance on Commercial Property?
Commercial property insurance cost is generally determined by analyzing your company’s risk levels and exposures. When providing a quote for adequate coverage, insurance companies may consider the following factors:
- Location
- Details of insured structures (e.g., age, building materials used and square footage)
- Number of employees
- Value of insured business possessions
- Estimated annual revenue
- Existing security measures (e.g., sprinkler systems and security cameras)
- Claims history
- Policy details (e.g., coverage limits, deductibles and endorsements)
Learn More
The dedicated team at Hunkins & Eaton Insurance Agency is well-versed in commercial property insurance and will work with you to craft coverage according to your unique needs and circumstances. Contact us today to get started.