Whether you are a manufacturer, wholesaler, or property owner, the larger your business, the more protection it should have. In the event of criminal or accidental damage, having to temporarily stop operations for equipment repairs and stock replacement can leave your company buried under financial losses it might not be able to recover from. Commercial Property insurance can support your company from such damages and enable you to preserve during tough times.

There are various Commercial Property insurance options available, and it is worthwhile talking with a licensed Insurance Broker to better understand your commercial property risks and requirements. Some standard commercial property policies may cover the following:

To cater to a wide range of businesses and industries, insurance providers offer different Commercial Property Insurance covers and packages. Below are several examples:

1. Mobile Plant and Equipment Insurance - This may be suitable for businesses such as excavation contractors, plant hire companies, quarry operators, farmers, and plumbers. This type of Commercial Property Insurance may help to pay for the replacement costs of machines less than five years old.

2. Strata Insurance - This Commercial Property insurance type, which comes in numerous policy options, caters to owners of strata residential property, such as apartments. These commercial property owners may be looking to protect their properties from rental losses and break-ins.

3. Industrial Special Risks Insurance - This risk management solution may reimburse businesses for losses from fires and storms and covers financial damage resulting from business interruptions. Engineering, transportation, aviation, media and telecommunications are some of the industries it may cater to.

4. Technology Property Insurance -  Companies in the technology industry are facing risks that were unimaginable only a few years ago. This type of Commercial Property insurance covers audit expenses, lost revenue, and losses arising from computer breakdowns.

If you’re a small business owner looking to protect your company from several risks at once, it may be worth considering whether a Small Business Insurance Pack is right for you. A Small Business Insurance policy can offer multiple layers of protection through one plan, and can be customized to cover the following:

If you’re a small business owner looking to protect your company from several risks at once, it may be worth considering whether a Small Business Insurance Pack is right for you. A Small Business Insurance policy can offer multiple layers of protection through one plan, and can be customized to cover the following:

Having Commercial Property insurance will ensure that the years you spent building your business will not go to waste because of accidents, natural disasters, and other unforeseen circumstances your business maybe exposed to. Find an insurance broker on Advisr today to learn more about the different Commercial Property insurance covers and which among them will fully protect your business.