The place you do business says a lot about your success. Maybe your wholesale company acquired a second warehouse. Perhaps your ad agency just moved to a stylish new office space. Or you might have added extra stations at your beauty salon.
Whatever purpose your commercial property serves, you need to protect it from the unexpected. As a small business owner, too, our agents understands your challenges — and can help you understand your coverage options so you can select the coverage you want.
Here are some of the property risks business owners face:
While operating a forklift in your warehouse, an employee collides with a storage rack and it collapses. Business property coverage can help when your business personal property is damaged by a covered event.
When that storage rack collapses, it destroys inventory worth several thousand dollars. Business personal property insurance can help you repair or replace covered business items, such as computers, tools and inventory.
You lose business income when you must temporarily close your company for repairs from a small electrical fire. Business income insurance can help replace lost profit up to policy limits. This may provide you with operating and payroll expenses that keep your company running.
Some popular business insurance options
Property coverage is just one component in a full menu of business insurance options available from Farmers. Your agent can also discuss coverage options for other possible risks like:
When repairing fire damage to your building, you can face increased costs to comply with recently enacted building codes. Building ordinance coverage can help with the additional cost of meeting new building laws or ordinances when you rebuild or restore your structure after a covered loss.
A customer is hurt when she trips and falls while walking between your showroom and your office. In addition to immediate medical care, she needs post-injury therapy. Business liability insurance can help with medical and legal costs if you’re legally liable for a customer’s injury on your company’s property.
While making deliveries in a company van, your employee causes a collision injuring the leadership team of a technology start-up. The limits of your commercial auto policy won’t cover their salaries while they recuperate. Business umbrella coverage can help by adding an extra layer of liability coverage. It begins when the limits of an underlying liability policy are reached, and can be purchased in $1 million increments up to $10 million.
An expensive laptop computer is stolen from the manager’s office at your boutique hotel. Business crime coverage can help you replace property that’s stolen by an employee or outsider.
We work to build strong customer relationships
Through our partners, we have spent almost 90 years putting customers first. Are you shopping for coverage, or do you have a question about your policy? Maybe you’re ready for a commercial property insurance quote. Be sure to let a Farmers agent deliver personalized service and support. You’ll experience a similar level of care from our knowledgeable claims representatives, who will provide assistance as quickly as possible.
To learn more about what we can do for your business, call us today 773.832.7798
This brief summary is for illustrative purposes only and is not a policy document. Please read the actual policy documents and discuss in more specifics with an agent. If there is a conflict between this summary and the policy documents, the policy documents will control. Not all products, coverages, options and discounts are available for every client.