Commercial Property Insurance for Massachusetts Business Owners
This coverage is important for all businesses, but especially those that have a building, critical equipment, and valuable assets to protect.
Owning a business means taking on significant risk and not ever really knowing what the next day, week, or year may hold. So, it’s critical to take advantage of any opportunity to get prepared for what may come. The Morse Insurance team will take the time to first understand your complex needs and then design a cost-effective commercial property insurance plan that protects you and the future of your company.
A Commercial Property Insurance policy can help protect your company’s physical assets from unexpected events, including fires, burst pipes, explosions, theft, vandalism, and severe storms.
If any of the following types of business property—whether you own or lease them—are damaged or destroyed by a covered event, having commercial property insurance should enable you to quickly get repairs done or replace items:
- Building
- Furniture
- Computers
- Equipment and machinery
- Landscaping
- Outdoor signs, fences, storage sheds, and other exterior fixtures
- Personal property of others
Maybe your home serves as headquarters for your business or your company doesn’t carry any inventory. So, you might not want or need to invest in all these coverages. In that case, you may appreciate the flexibility of commercial property insurance. Typically, these policies are customizable, allowing you to choose more coverage for the things that truly matter to your business and less coverage for the things that do not. As your business risks evolve, Morse will continue to tailor your commercial property insurance to reflect your changing requirements.
Commercial property insurance also includes important coverage to help your business survive a disruption or temporary shutdown. If your operations are interrupted by a natural disaster, fire, or other covered event, this insurance can help you make up for lost income during this time and cover ongoing expenses, like employee salaries, taxes, and loans, while your business rebuilds. Some policies may even provide coverage of lost income if a supplier interruption forces your business to temporarily close.
All this coverage may sound like it will cost a substantial amount of money, but there are several ways Morse can help you maintain broad commercial property protection while lowering the cost and simplifying the overall insurance process.
For example, we may be able to secure either a commercial package policy (CPP) or a businessowners policy (BOP), depending on the characteristics of your specific company. A CPP is typically a better fit for fast-growing, larger companies, especially those with specialized or complex risk profiles, while a BOP is generally only available to small and midsized businesses. However, both of these policy types package two or more forms of business insurance coverage into one streamlined and cost-effective insurance solution.
At Morse, of course we want our clients to be in the know about their insurance coverage and to feel confident about making decisions to protect their business and all of its assets. Call us today at 508-238-0056 for more information about commercial property insurance in Southeastern MA or the South Coast MA area. We are happy to provide complimentary reviews of any current policies as well as a free insurance quote.