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Commercial Property Insurance protects the commercial property of the policyholder from damage in the event of fire, theft or natural disaster. Apart from the brick and mortar structure of the property, installed machinery and equipment used for business operations, which would be very expensive to replace or repair if damaged, could also be covered. Depending on the policy, there are also clauses to allow you to claim financial compensation if business activity is reduced or stopped entirely.
Who is Commercial Property Insurance for?
A number of sectors can apply for this type of Business Insurance, including:
If your commercial property is currently not covered, ensure you shop around under Business Insurance to find the right policy to suit your business needs. Even if you only require Small Business Insurance, because your company is not a large operation, your structure and/or machinery could be costly to repair or replace. With Commercial Property Insurance you can rest assured that your property is covered in the event it is damaged. Get cover for the building/s you’ve invested in and ensure that your business won’t be affected too drastically in the event of fire, theft or natural disaster.