Commercial Property Insurance
Serving the Unique Needs of Businesses in all Parts of South Carolina
A basic commercial property policy may be all you need, though the types of coverage can vary between different insurance companies. As an independent agent, H & H Insurance Brokers can help you determine the type of insurance policy and range of coverage you need for your business. For a full list of coverage available or to learn more about commercial property coverage, contact H & H Insurance Brokers.
South Carolina – What You Need to Know About Commercial Property Insurance
Do you own a commercial building? If your answer is yes, do you have enough commercial property insurance to cover replacement costs? Although cost estimators are available, H & H Insurance Brokers recommends that you secure an appraisal from a third party to accurately determine the current replacement cost of your building. Contact us and we’ll help you determine if you have enough commercial property insurance for your business.
Most commercial property policies exclude flood as a covered cause of loss. A separate policy must be purchased in order to protect you from resulting damage. Check your current property insurance policy to be sure you are covered. If you are unsure, H & H Insurance Brokers is ready to review your coverage and help you find the best solution.
Business Personal Property
This policy covers property at a specified location for furniture, fixtures, equipment, and inventory. Be aware that most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off site to various locations, it is important that you have an inland marine policy (equipment or
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. It applies while the premises are being restored because of damage from an event, such as a fire. Business income insurance may also cover financial losses that occur if civil authorities limit customer access to your neighborhood or business after a disaster. H & H Insurance Brokers recommends that all business have this coverage.
Electronic Data Processing (EDP)
This is separate property coverage specifically designed to protect your computer‐related equipment. Most commercial property policies have limited coverage for computer networks. EDP broadens the causes of loss to include things like power surges and, in some cases, virus attacks.
Commercial property insurance is one of the most common types of business insurance and provides a wide range of coverage for buildings, inventory, equipment, tools, and more. Losses from fire, break‐in, vandalism, windstorm, and other natural or manmade disasters are examples of what is usually covered.