Make First Choice Your Choice for Commercial Property Insurance

1. Make First Choice Your Choice for Commercial Property Insurance When you come to First Choice Insurance of America for your commercial insurance, you’ll notice how much we care and that we want to understand everything about your business so that we can help you safeguard it against the various risks you face. This includes learning all about your property – where it’s located and its valuation, and what type of business continuity plan you have in place in the event of a disaster; the type of building you occupy and if you own it; the business personal property you own including the value of your inventory, equipment, machinery, and furnishings; and so much more.

2. Our goal is to make sure your property is well-protected, and help you manage a crisis before it happens. Inside a Commercial Property Policy A Commercial Property insurance policy provides the following coverages for: Real Property - Building: If you own the building, the policy will protect it in the event of property damage from a fire or natural catastrophe such as hurricane, vandalism, and theft. It’s important to have Replacement Cost coverage on the building so you have full coverage to rebuild. We will also review with any potential coinsurance or deductibles applicable in the policy.

3. Business Personal Property: Includes inventory, equipment, and office furnishings. You can opt for Replacement Cost coverage for your business personal property, as well. It’s important that you carefully and thoroughly account for all business property. If, for example, you’re a restaurant owner or retailer, make sure you know the value of your inventory and stock items. If your inventory fluctuates, we need to know to provide the right coverage. Business Interruption/Loss of Income: Provides coverage in the event you have to close your business because of a covered loss like a fire or hurricane. It pays you for lost profits and fixed expenses during the time you’re closed and making repairs or rebuilding up to the policy terms and the duration stated within the policy. Extra Expense insurance is also available and covers the costs that a business incurs to mitigate the effects of a business interruption. Flood risks are not covered under Property insurance and must be purchased separately, which we offer.