Why your Commercial Real Estate Investment needs the right insurance
What if you have a rental apartment building and rent out apartment units to tenants. What if you rent your commercial property (warehouse, etc... ) to tenants for office space. What if you have multiple rental homes and have them rented out to tenants. You have invested a lot of time and resource to your business and you need commercial real estate insurance to protect your assets and business from unexpected risk.
Whether your business is involved in one of these industries or all of them, you will need a comprehensive insurance policy to protect your assets against unwanted risks. When you Contact JCO Insurance Group we can go over the many reasons why these assets need protection. No matter how small or large the business is, we encourage you to call JCO Insurance Group so that we can explain and find the best possible commercial real estate insurance policy.
What is covered under a commercial real estate insurance policy
Your building can sustain a loss due to many different types of perils such as:
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Fire
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Lightning
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Burglary and theft
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Weather Related
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Wind and Hail
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Water Damage
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Customer slip and fall
There are two most common types of commercial real estate insurance. There is the commercial property insurance and general liability insurance. As the name implies, the commercial property insurance covers your building and equipment for damages caused by extreme weather, fire and vandalism. A general liability insurance protects your commercial real estate against lawsuits from third party who experience injury or property damage while on your premises.
When a commercial real estate insurance policy includes both property and liability coverage, they both help you cover most cost associated with a loss and help your business stay afloat. Property insurance can help you on your damaged while liability insurance can help you against lawsuits.
Contact JCO Insurance Group today so that we can find you the best commercial real estate property insurance possible. We can help you review your current commercial real estate property insurance policy or find you a new policy tailored to your specific industry at an affordable rate.
What is the best commercial real estate insurance for my business
The best insurance for your business depends on the type of commercial real estate you own. If you run your business out of your house, you should also have commercial real estate insurance since your home owners policy typically does not cover for business loss. Small to medium business often get a commercial real estate insurance policy also known as a business owners policy (BOP). Commercial real estate coverage in a business owners policy (BOP) include property insurance for the building and contents owned by the business; it should also include liability coverage for legal protection for third party loss. Large companies may get commercial real estate insurance package policy and or get specific policies tailored to their unique needs. There are too many variables; no two business are exactly alike.
Getting commercial real estate insurance is the best way to protect your assets from the many possible perils like wind, fire or crime. Let JCO Insurance Group find you the best possible commercial real estate insurance policy so that your business can operate in optimal mode. Contact us at (305) 680-0031 and speak to our expert professional in the commercial real estate insurance industry.