Call Us 865-281-7722 ☰ ˟
Logo
Call Us 865-281-7722
  • Our Agency
    • AboutImage of right arrow
      • Employee Directory
      • Location
    • Get a Quote
    • Our Providers
    • Contact UsImage of right arrow
      • Bradley Insurance Agency
  • Products
    • Auto and Homeowners Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Accident Forgiveness
      • Roadside Assistance
      • Specialty Auto Insurance
      • 24-Hour Customer Service
      • Towing
      • Rental Reimbursement
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
    • Other Personal InsuranceImage of right arrow
      • Identity Theft
      • Personal Umbrella Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Mortgage Protection Insurance
      • Disability Insurance
      • Key Person (Key Men) Insurance
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
    • Additional Insurance ServicesImage of right arrow
      • Special Event Insurance
      • Other Services
      • Wedding Insurance and Special Event Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Bar Insurance
      • Box Truck Insurance
      • Builders Risk Insurance
      • Car Dealership Insurance
      • Cargo Insurance and Freight Insurance
      • Catering Insurance
      • Cleaning Business Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Contractors Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Dental Practice Insurance
      • Dump Truck Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Food Truck Insurance
      • Fleet Insurance
      • Garage Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • Hotel/Hospitality Insurance
      • Law Firm Insurance
      • Limousine Services Insurance
      • Liquor Liability Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Media & Advertising Insurance
      • Medical Malpractice Insurance
      • Minibus Insurance
      • Non Profit Insurance
      • Nursing Home Insurance
      • Nursing Insurance
      • Orthotics & Prosthetics Insurance
      • Personal Trainer Insurance
      • Pharmacist Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Restaurant Insurance
      • Retail Insurance
      • School Bus Contractors Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tractor Insurance
      • Tow Trucks Insurance
      • Uber Insurance
      • Water Well Drillers Insurance
      • Veterinary Insurance
    • Coverage for Your BusinessImage of right arrow
      • Bonds
      • Business Catastrophe Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Equipment Insurance
      • Errors and Omissions Insurance
      • Fidelity Bonds
      • General Liability Insurance
      • Leave Management
      • Loss Control Insurance
      • Inland Marine Insurance
      • Mechanical Breakdown Insurance
      • Office Insurance
      • Product Liability Insurance
      • Professional Liability
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Surety Bonds
      • Technology Insurance
      • Trailer Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
      • Van Insurance
    • Coverage for Your EmployeesImage of right arrow
      • Small Business Retirement Plans
      • Employer-Sponsored Retirement
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Disability Insurance
      • Individual Life Insurance
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Us
    • Testimonials
    • Location
    • Privacy Notice
  • Contact
Home > Blog > Do I Need Commercial Property Insurance?
FRIDAY, MARCH 3, 2023

Do I Need Commercial Property Insurance?

Commercial property insurance is an essential type of insurance coverage for businesses of all sizes. This type of insurance helps protect your company’s physical assets from unexpected events, such as property damage, fires, theft, and vandalism. Because every business’s needs differ, you may wonder whether your business needs to purchase a commercial insurance policy.  

Examples of Businesses Who May Need a Commercial Property Insurance Policy apartment building
Although insurance needs are unique to each organization and should be discussed at length with an experienced insurance professional, it’s generally recommended for any business to carry a commercial property insurance policy. 

Here are some examples of who needs commercial property insurance: 

  1. Business owners who own their property—If you own your business’s property, you should consider protecting it with commercial property insurance. This coverage protects your building, equipment, inventory, and other assets from various risks, including fire, theft and windstorms. Without proper insurance, any damage to your property can lead to significant financial losses that can cripple your business. 
  2. Business owners who lease their property—If you lease your business premises, you may think your landlord’s insurance covers your property. However, this is not always the case. While the landlord’s insurance may cover the building, it typically does not cover your business’s contents. Therefore, it is essential to obtain commercial property insurance to protect your business’s equipment, inventory, and other assets. 
  3. Home-based businesses—If you run a business from your home, you may assume that your homeowner’s insurance policy will cover your business assets. However, this is not always the case. Most homeowner’s insurance policies have limited coverage for business assets and typically do not cover liability claims resulting from business activities. Therefore, it is essential to obtain commercial property insurance to protect your business assets and ensure liability coverage for your business activities. 

Please note this list is not exhaustive. Work with your insurance agent to determine whether a commercial property insurance policy is right for you.  

Learn More About Commercial Property Insurance 
Whether you own or lease your business premises, manage commercial properties for clients, or run a home-based business, commercial property insurance can help mitigate risks and protect your business’s financial well-being. Contact our agency today to discuss your insurance needs and get a policy quote.  

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information. 

Posted 3:56 AM

Tags: commercial property insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • auto insurance(4)
  • general liability insurance(3)
  • bop insurance(3)
  • commercial property insurance(3)
  • commercial auto insurance(3)
  • workers compensation insurance(2)
  • business(2)
  • commercial(2)
  • home insurance(2)
  • coverage(2)
  • builders risk(2)
  • homeowners insurance(2)
  • liability(1)
  • professional liability(1)
  • builder's risk insurance(1)
  • hours(1)
  • business owners policy(1)
  • insurance(1)
  • after(1)
  • claims(1)
  • commercial general liability insurance(1)
  • workers(1)
  • car insurance(1)
  • business insurance(1)
  • professional liability insurance(1)
  • compensation(1)

View Mobile Version
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Home| Get A Quote| Customer Service| Blog| About Us| Contact| Privacy Notice| Terms of Use|
5210-B Schubert Road | Knoxville, TN 37912
P: 865-281-7722 | Fx: 865-281-7182
Social Social Social Social
Logo

Powered by Insurance Website Builder