COMMERCIAL PROPERTY INSURANCE

Fortune commercial property insurance provides a wide range of coverage for buildings, inventory, equipment, tools, and more. Losses from fire, break-in, vandalism, windstorm, and several other natural or manmade disasters are covered with our commercial property insurance policies. The Fortune team can help you determine the type of insurance policy and range of coverage that is best for your business.

What you need to know about commercial property insurance

Building

Do you own a commercial building? If so, do you have enough commercial property insurance to cover replacement costs? Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement cost of your building. Fortune can help you determine if you have enough commercial property insurance for your business.

Flood

Our commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from resulting damage. Check your current property insurance policy to be sure you are covered. If you’re unsure, just ask Fortune to review your coverage. We will help you find the best solution.

Business Personal Property

Whether you own your building or have a landlord, business personal property insurance covers property at a specified location for furniture, fixtures, equipment, and inventory. If you have equipment that is frequently taken off-site to various locations, it is important that you also have an inland marine policy. This type of policy is an evolution of ocean marine insurance – which explains the name. Inland insurance can cover everything from large construction equipment used at job sites to musical instruments used by performers, and is important if you want to protect yourself from loss during the time your property is in transit from you or to you.

Business Income (Business Interruption Coverage)

This coverage reimburses a business owner for lost profits and fixed expenses during the time that a business is closed during a covered claim. It applies while the premises are being restored because of damage from an event, such as a fire. Business income insurance will also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster. Fortune strongly recommends that all businesses consider this coverage.

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