<h2>Commercial Property Building Insurance</h2>
A business property insurance policy includes your building, office equipment, inventory, street and outdoor signs, auxiliary structures such as tool or storage areas, fences, and landscaping.
A comprehensive inspection with a Pacific Reliance Insurance broker is a valuable suggestion. The insurance carrier is going to need information about the building, it's construction type, the roof system, fire and alarm systems, emergency lighting and secondary means of fire escape, outside lighting, security methods, mechanical systems, parking and ADA access, shared areas and the list goes on. Equipment used, safety methods, schedules and routine inspection processes to add a few more items.
Working with a knowledgeable broker will help mitigate concerns and improve access to coverage. A tour of the area might turn up a roadblock that the insurance carrier will not insure against.
Risk mitigation is always a good policy. Working with an insurance broker at PRI can help remove risks and establish paths to employee safety programs, such as employee manuals, safety meetings, training courses.
Additionally, developing equipment repair schedules and obtaining additional coverage against key equipment break down, loss of business income, material theft, tool and equipment theft are equally important when the building is used within the business.
Liability is also a necessary coverage. It will provide for medical payments, protections against trips and falls as well as claims against defamation and discrimination.
Lessors risk is the type of insurance obtained when you lease the building to others. While the primary building and liability coverage is very similar, your insurance focus turns toward your lessee and the coverage that they provide to protect you from financial loss.