Colorado Property Insurance
Property insurance can cover the buildings that you own and/or business property and inventory against physical loss or damage.
If you don’t own your building, you’ll still need contents coverage. In the most policies, property insurance for business contents covers furniture, fixtures, inventory, office equipment and other supplies stored at your facility or off-premises. You may insure those items for replacement cost or for actual cash value (ACV), which pays only for the depreciated value of the property.
Replacement cost policies have higher premiums, however they can help your business recover from a loss faster, since you can replace all of the lost or damaged property with new items. If you lease some of the equipment at your business, the leasing company may require that you insure the property at replacement value.
Under a BOP, generally, the structure of your business is covered from events of “peril” (i.e. weather-related damage) and causes of loss (i.e. robbery).
What about the furniture, computers, and equipment in your building? Who will cover the cost of replacing an outdoor sign?
This is where Colorado Commercial Property Insurance comes in. A typical Colorado Commercial Property Insurance policy will cover the property of your business that a BOP will not. Most insurance agencies can compile a Commercial Property Insurance line to include coverage for:
- Structure (building) of your business
- Lost inventory
- Outdoor signs
- Damage to the property of others
- And more…
Colorado Commercial Property Insurance is customizable in most cases, allowing you to provide more coverage for the things that truly matter to your business, and less coverage to the things that do not. Don’t think you need Commercial Property coverage? Consider this: if a fire erupts in the building of your business and you lose your entire inventory, are you positive that your BOP provides enough coverage to replace it all? If someone breaks into your business and steals expensive equipment, are you positive your BOP provides enough coverage to replace it in full?
Contact DCInsurers right away for a free quote and more information on Commercial Property Insurance. We are a business too, so we understand your complex needs and the importance of comprehensive insurance.