Commercial Property Insurance
Commercial Property Insurance Information
Uncertainty and risk are a constant presence when running a business. Several hazards, such as acts of nature or criminal activities, can significantly impact your ability to operate. Commercial property insurance is a critical financial safeguard if your business property or assets become lost, damaged or destroyed due to a covered peril. Protect your business by contacting Berger Briggs Insurance in Albuquerque, New Mexico, to discuss tailored insurance solutions.
What Is a Commercial Property Insurance Policy?
Also known as commercial building insurance, commercial property insurance may cover repair or replacement costs for company assets damaged or lost due to incidents like fires or storms. It may include coverage for the following:
- Buildings and structures, whether owned or rented
- Equipment and inventory, such as machinery, computers, and stock
- Fixtures and fittings, such as installations on your premises (e.g., lighting systems or shelving)
A commercial property insurance policy can aid recovery following a disaster for businesses of all sizes, from small retail establishments to large manufacturing facilities.
Is Commercial Property Insurance the Same as General Liability Insurance?
While both are essential safeguards, commercial property insurance covers your business’s physical assets. In contrast, general liability insurance covers legal costs if your business is sued for causing property damage or bodily injury to others. Commercial property insurance protects what’s inside your business, while general liability insurance protects your business from claims arising from its operations.
How Much Commercial Property Insurance Do I Need?
The cost of commercial property insurance in Albuquerque, New Mexico, can vary based on numerous factors, including business size, industry, location and chosen policy limits. Berger Briggs Insurance can assess your business’s unique risks and deliver tailored coverage solutions.
Secure Robust Coverage Today
Securing commercial property insurance is a strategic decision that can safeguard your business from unexpected financial challenges. Contact Berger Briggs Insurance today to discuss your commercial property insurance needs.
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