Property Insurance
You’ve worked hard to build your business, to support your family and the families of your employees. Unfortunately, all those years of hard work can come crashing down in an instant, which is why it’s crucial for you to have a commercial property insurance policy to get your business back up and running as quickly as possible following a covered loss.
Schaefer Enterprises brings expert risk prevention guidance and planning from the underwriting side to help mitigate your company’s unique vulnerabilities and shape commercial property coverage that not only meets your present needs but also evolves along with your exposures.
Whether you experience a minor accident, a theft, or a major financial loss, our insurance professionals will help you create a commercial property insurance policy that insures your possessions both on and off premises including:
- Your building
- Your contents (furniture and fixtures)
- Equipment
- Inventory
- Loss of business income resulting from a covered loss.
Some of our commercial property insurance programs include:
Property Insurance
Schaefer Enterprises commercial property insurance products can help your business survive the loss of any critical assets regardless of size. Often, business owners think of property insurance as only applicable to the big ticket items, such as buildings. This is true, of course. However, commercial property insurance can also covers other exposures, such as your contents, equipment, etc., which may be even more important to your business. Schaefer Enterprises will take the time to design a commercial property insurance policy that fits your unique needs, with the flexibility to grow along with your business.
Common types of coverage may include:
- Destruction of your building and its contents by fire
- Inland Marine
- Boiler and Machinery
- Equipment Breakdown
- Loss of Business Income
Special Causes of Loss Forms
There are three commercial property insurance causes of loss forms. These forms stipulate the perils for which coverage is provided. The Special Causes of Loss form provides all-risk coverage which is coverage for losses emanating from any cause except those which are specifically excluded from the policy. All-risk policies provide coverage that is broader and often more desirable to both Homeowners as well as Business Owners. A Basic Causes of Loss and a Broad Causes of Loss Form (named perils coverage) applies to coverage from only the particular causes that are listed in the policy as covered. Ask Schaefer Enterprises about the benefits of all-risk coverage as it relates to your business.
Business Income Coverage
When your property is damaged from a covered cause of loss and business comes to a halt or considerably slows, business income coverage helps to sustain your business during the time it takes to repair or replace your damaged property, and then for the time it takes for your business to recover.
Extra Expense
During the time that your business is rebounding from misfortune, you may need coverage to pay for additional costs that are in excess of normal operating expenses such as relocating to a different location. Depending on your organization’s needs, extra expense coverage may make more sense in addition to or instead of business income coverage. Schaefer Enterprises can help you weigh the benefits of both coverage options.
We’re Ready to Help
To schedule an appointment with a commercial property insurance broker, call Schaefer Enterprises at 877.237.2481 or fill out our contact form here.
