Problems happen and successful business people need to be resilient enough to cope with problems. The right insurance coverage offers a layer of financial resilience should your business suffer a devastating loss, such as a fire or theft of mission-critical equipment. You need to have the right insurance coverage to replace key assets and get back to business as quickly as possible. When it comes to protecting your business, there are a few cornerstone insurance coverages that are vital for businesses of all sizes. A North Carolina commercial property insurance policy is one of those must-have coverages.
In North Carolina, commercial property insurance typically insures your physical space and buildings, whether you own or lease them, as well as the contents and equipment within those buildings. The coverage protects you from risks such as fire, theft, and vandalism, as well as business interruption should you lose income related to covered damage.
Commercial property insurance in North Carolina will typically protect a wide range of assets, such as furnishing, supplies, inventory, machinery, landscaping, signs, and equipment. Protected equipment varies based on the nature of your business, but here are some examples:
The right coverage for your business will depend on several variables, such as your property location, the construction of your building, and the nature of your equipment. There are other coverage considerations such as whether to secure cash value or replacement cost coverage and what level deductibles – the amount of cash you pay before insurance kicks in – are best for you. Depending on the size and nature of your business, it might make sense to extend your protection with optional endorsements. Examples of common endorsements might include industry-specific coverage, flood insurance, coverage for valuable papers and records coverage, and debris removal coverage.
Spivey Insurance Group can help you sort through these options and make the right decisions for your unique business situation. We have more than 30 years of experience under our belt. Our experienced staff can walk you through a business needs analysis and help you find the right coverage at the right price. We work with more than 30 of the nation’s premier insurance companies, so we can compare policies from multiple sources. Working with us will ensure that you’re getting access to the best plans the market offers. We’re located in Indian Trail, North Carolina, but we are also licensed in South Carolina, Tennessee, Georgia, and Virginia.
At Spivey Insurance, there’s nothing we are more passionate about than working with local businesses. The trust of our neighbors means everything to us. It’s the foundation on which we’ve built and grown our business over the years. We live by our honesty, our integrity and our expertise because we’re working hand-in- hand with you in our community every day.
We’d love to talk with you about the ways we can help you safeguard your commercial property. We’re happy to look over your existing policies and give you our analysis as to whether your business is adequately covered or has exposures through gaps that could be easily addressed.
Drop us a note or ask for a quote. Better yet, give us a call 704-821-4460 or stop by our office.