Commercial Property Insurance protects your physical assets such as your building, equipment, fixtures, inventory, computers, records, etc. against the loss or loss of use of company property. "Property" can include a variety of types: lost income or business interruption, buildings, computers, money, and valuable papers.

This insurance isn't just for building owners. If you rent or travel to other locations, then your business is usually required by the property owner to carry property insurance by the terms of the lease or contract.

Most commercial property insurance policies provide either "basic", "broad", or "special" form coverage, with special form policies offering the broadest coverage and basic the narrowest.

• Basic - Commonly covers fire, explosions, storms, smoke, riots, vandalism and sprinkler leaks.
• Broad - Typically adds damage from broken windows and other structural glass, falling objects and water damage to the list of covered items.
• Special - Offers the widest range of protection. Typically covers all risks (including theft), unless specifically excluded from the policy. While premiums for special form policies are more expensive, it may be worth the expense if your business faces multiple or unusual risks.

You will want to make sure you understand the coverage limits on various policies, any deductibles or co-payments required, and how the insurance company pays claims.  

For more information or to get a Commercial Property insurance quote, call 916-739-8989.

Jack Chew & Co. Insurance has over 60 years of experience helping families and businesses in Sacramento, Elk Grove, Roseville, Natomas, Citrus Heights, Carmichael, Vacaville, Stockton and Modesto. As California insurance brokers, we are confident that we can find the best combination of price, coverage and service to meet all your insurance needs.