Commercial Property

It is important that you protect your organization's property against any potential threats such as fires or frozen pipes. Property insurance generally comes in several forms to suit your specific needs. Before purchasing property coverage, take inventory to determine how much you need to insure.

Types of Property You May Need to Insure

  • Buildings and other structures
  • Furniture, equipment and supplies
  • Inventory
  • Money and Securities
  • Records of Accounts Receivables
  • Machinery/boiler
  • Electronic data processing equipment
  • Valued documents, books and papers
  • Property being transported
  • Cargo
  • Satellite dishes
  • Signs, fences and other outdoor property not directly attached to the building
  • Intangible property
  • Ordinary payroll
  • Extra expenses as a result of a loss

Example of Claims Covered

Frozen pipes: During a cold winter, a community center’s pipes froze and burst inside their facility. This caused major water damage to their building. The community center needed extensive repairs, which came at a great cost. These repairs were covered and paid for under the community center’s property insurance policy.

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