Commercial Property Insurance

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As an independent insurance agency, we are associated with over 50 top rated insurance companies that offer the products that most appropriately meet the needs of our clients. Contact us today for a FREE quote!

Independent Agency

Unlike a captive agency that only represents one company, we are an independent insurance agency allowing you the choice of company, policy, and pricing. Our team is staffed with proven professionals to help guide you through the quoting process. We find the coverages you need at the prices you want. Once you become a client we are committed to providing you with the quality service you expect.

Commercial Property Insurance

Commercial property insurance is a crucial aspect of safeguarding your business investments. This comprehensive coverage protects physical assets, such as buildings, equipment, inventory, and more. Commercial property insurance is designed to protect a business’s physical assets from various risks and perils. It typically covers damages caused by fire, lightning, explosions, earthquakes, storms, vandalism, theft, and some water-related damages (such as burst pipes). Additionally, it may also provide coverage for business interruption, liability, and other related risks depending on the policy.

Commercial property insurance covers a wide range of damages and losses. These can include structural damage to the building, damage or loss of equipment, furniture, inventory, signage, and even external structures like fences or parking lots. Coverage can also extend to business interruption, where your insurance may compensate for lost income due to a covered event.

A deductible is the amount of money you are responsible for paying out of pocket before your insurance coverage kicks in. Higher deductibles generally result in lower insurance premiums, while lower deductibles lead to higher premiums. When choosing a deductible for your commercial property insurance, consider your financial capabilities and the level of risk you are willing to assume.

Yes, commercial property insurance policies usually have coverage limits. These limits dictate the maximum amount the insurer will pay out for covered losses. It is crucial to assess the value of your assets and adequately insure them to avoid being underinsured. Additionally, specific items or perils may have sub-limits, so make sure to review your policy in detail and consider optional endorsements or riders if necessary.

Several factors impact the cost of commercial property insurance. These can include the location of your property, building construction materials, the presence of security measures (fire alarms, sprinkler systems, surveillance cameras, etc.), the type of business you operate, your claims history, and the coverage limits and deductibles you choose. Insurance companies also consider the level of risk associated with your industry when determining premiums.

Commercial property insurance provides vital protection for businesses against unforeseen damages and losses to their physical assets. By understanding what commercial property insurance covers, the types of damages it protects against, how deductibles and coverage limits affect it, and the factors influencing its cost, you can make informed decisions to secure the right level of coverage for your business. Contact us and protect your business’s investment with comprehensive commercial property insurance.

Insurance Services

At Insurance Group of Minnesota LLC, our policies are tailored to meet the unique needs of each customer. We offer flexible coverage options, competitive rates, and exceptional customer service to ensure that our clients have the peace of mind they need to insure their commercial property with confidence. Our commercial property insurance products can provide additional insurance coverages including: