Commercial property insurance helps protect you by providing coverage for the physical property belonging to your business. In Overland Park, KS, business owners can find peace of mind knowing their business property is protected against damage and income lost due to the damage. For additional information about protecting your business with a commercial insurance policy, call the experts at Fortress Insurance Agency today. 

What is Commercial Property Insurance?

To understand what commercial property insurance covers, you must first understand what the policy is. Commercial property insurance is purchased by businesses or corporations and is a specific type of insurance protecting the company’s physical property. The policy covers tangible land, capital equipment, and contents of the building owned by the company. There are stipulations to the policy, which define specific types of coverage and compensation amounts. 

What Does Commercial Property Insurance Cover? 

Different types of commercial property insurance cover other things, such as the cause of damage and the property insured. For example, most policies cover accidental damage and damage caused by fire. However, additional coverage may need to be added for damage-causing perils, such as flooding and storm damage. Additionally, a commercial property insurance policy provides reimbursement to a business owner for income lost and expenses incurred due to damage to their property. 

How Does Commercial Property Insurance Work?

Commercial property insurance works similarly to homeowner’s property insurance. The business owner pays a premium for insurance coverage, and when damage occurs, the owner files a claim. Then the insurance adjuster assesses the claim and evaluates if it falls under the scope of their insurance policy. 

Protect your Overland Park, KS business property today by calling Fortress Insurance Agency for additional information about commercial property insurance coverage.