Commercial Property Insurance: Protecting Your Business's Foundation

Standard policies may not; you might need inland marine insurance for property that moves between locations.

Not automatically. You can add business interruption insurance to cover lost income and operating expenses if your business is temporarily shut down due to a covered loss.

It requires you to insure your property to a certain percentage of its value (usually 80% or 90%); failing to do so may result in reduced claim payments.

It provides a single limit of insurance that applies to multiple properties or types of property, offering more flexibility.

Yes, you can add equipment breakdown coverage to protect against mechanical or electrical failures of equipment.

Notify your insurer immediately, document the damage with photos or videos, provide an inventory of lost or damaged items, and cooperate with the adjuster's assessment.

It's the amount you pay out of pocket before the insurance coverage pays for a covered loss.

They may not be covered under standard policies, but you can add endorsements to include them.

Generally, yes. Premiums are considered a business expense and can be deducted from your taxable income.

Higher property values and replacement costs typically result in higher premiums due to the increased potential payout.