Your business would not be able to succeed if the equipment, materials, stock and products that it utilizes were to become compromised. Damage, theft or destruction of property might interrupt your operations and put you in a significant financial bind as you work through the recovery process. Indeed, if the loss of property is too great to bear, then the business might fold.     If you are committed to bracing your business against this threat, then you should consider commercial property insurance to be indispensable. This benefit might be required in some circumstances, but it’s critical to have in all cases. Any business that owns property—which is more or less any business—can benefit from this plan. What Does Commercial Property Insurance Cover?  A commercial property policy is designed to help you repair assets damaged by unexpected, unavoidable accidents that impact your operations. It might apply to losses stemming from: Fire Wind Hail Lightning Smoke Theft Vandalism Explosions Certain instances of water damage might also be covered. However, most types of flood damage will have to be covered by a separate commercial flood insurance policy. This insurance may cover the physical location and all of its contents including decorations, furniture, equipment, products and more. Make sure to speak with your insurance agent to ensure that your business’ valuable assets are covered appropriately. Do You Need Commercial Property Insurance Without a Physical Location? The days of the brick-and-mortar business are over, and today you can run a successful enterprise even from the comfort of your own home. However, commercial property insurance remains essential for your operational needs. Indeed, your standard homeowners insurance will not cover commercial property except in very limited cases. Commercial property insurance can cover items specifically used for your business, whether they are housed in a physical location or in your home. There are property damage risks everywhere, and all of them could impact your operations. You can rely upon your commercial property insurance to help you cover the costs of repairing, replacing or recovering these items so that you can sustain as little of a financial loss as possible in the meantime. How do I Get the Right Commercial Property Insurance? In some cases, you will have to buy your commercial property insurance as a stand-alone plan. In others, however, this benefit will come as part of a business owners policy (BOP). BOPs provide several essential commercial benefits, including commercial property insurance, in one place. Therefore, by having your commercial property coverage as part of this plan, you’ll be able to both coordinate your benefits and pay a lower price for your coverage overall. It is never too soon to consider protecting the physical assets of your business. Keep your eyes peeled, compare quotes and speak to one of our insurance agents about protecting your business’s property with the right coverage. Call us today at (915) 599-2900 or visit www.MtFranklin.com to see how we can help you.

When and Why You Need Commercial Property Insurance

Your business would not be able to succeed if the equipment, materials, stock and products that it utilizes were to become compromised. Damage, theft or destruction of property might interrupt your operations and put you in a significant financial bind as you work through the recovery process. Indeed, if the loss of property is too … Read more

September 9, 2021

Is Your Dog Covered by Your Home Insurance?

Homeowners insurance is designed to protect all members of your family against personal liabilities, and sometimes you might wonder how it extends to your pets. Although your home insurance won’t pay for costs like your pet’s veterinary bills or cover the cost of replacing your favorite couch cushion if your dog chews it up, it … Read more

September 7, 2021

Defensive Driving Techniques to Refamiliarize Yourself With

Being a safe and responsible driver also means being a defensive driver. While the word “defensive” might sound dangerous, it’s not a bad thing. Rather, it means being in a state of heightened awareness. If you’re a defensive driver, then this means you are prepared for any surprises that might pop up on the road … Read more

September 2, 2021

Pool Safety Tips for Families

Swimming is a favorite summer past-time. If you own a pool, you’re probably looking forward to the warm, sunny weather so you can enjoy swimming with your friends and family. However, it’s important to keep safety in mind if you are a pool owner. Many injuries occur every year in backyard swimming pools. According to the … Read more

August 31, 2021

Planning for Road Trips

Amid the COVID-19 pandemic, many are choosing to take road trips because of the lower health and safety risks, and more affordable prices when weighed next to flying. Long hours in the car still pose their fair share of risks, however. Therefore, if you are planning a summer road trip, you should always take the … Read more

August 26, 2021

Power Washing a Home’s Exterior in the Fall

Even though it’s still summer, it’s time to start thinking about the approach of autumn. Now’s the time to consider some of the important household maintenance steps that you should take on during autumn’s mild weather. Before winter sets in, there is plenty of time to do a few things to repair and spruce up … Read more

August 24, 2021

How to Establish A Trust to Distribute Life Insurance Proceeds?

Life insurance provides an important safety net for many families. If you are young, raising a family and going about your life, you may not think of this type of coverage. However, what if something were to happen to you? Life insurance coverage could help to provide your loved ones with the support they need … Read more

August 19, 2021

Will a BOP Cover a Company Data Breach?

Small businesses often one of their most important commercial insurance solutions in a business owners policy (BOP). A BOP is an insurance package that offers a variety of commercial insurance benefits in one package and at one price, and it is optimized to meet the needs of small businesses.     Still, while it is … Read more

August 17, 2021

BOP Equipment Insurance for Storm Damage

Should a storm damage your business, the equipment within could need significant repairs or even be totally destroyed. Plus, the longer this damage goes unrepaired, the more your financial loss might be in the meantime. Luckily, if your business owners policy (BOP) contains appropriate property insurance, then you will have help replacing or repairing equipment … Read more

August 12, 2021

10 Grilling Tips to Keep Your Home and Family Safe

During the summer, the warm weather makes it easy for you to heat your grill and cook your favorite food outside. Not only is it tasty, but it can also save you the discomfort of heating your home (and paying a higher HVAC bill triggered by the extra cooling costs).   Ribs, chicken, burgers and … Read more

August 10, 2021

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