Indiana Commercial Property Insurance
How business property insurance works
What would you do if there was a fire or a storm that took out your current business location? What type of hardship would come from rebuilding or starting over? How fast could you find a building, replace your office equipment and your inventory? How about a major theft, physical or virtual, to your business? Every business owner has commercial property that needs to be protected. If you’re like most business owners, the thought of “what if?” should and does cross your mind. That’s why having commercial property insurance you can count on is so important. At Dean Ballenger Agency we want you to think about it, but we can also help you put a recovery plan together.
How commercial property insurance protects your business
Your property should be covered at replacement cost. That starts with knowing what you own and what it’s worth. To be sure your building is covered, commercial property insurance should not only protect the structure, but also provide coverage for anything permanently attached to your building. That includes business equipment and fixtures, glass and exterior signs.
Even if you don’t own your building, it doesn’t mean that you don’t need building coverage. Have you made alterations to enhance the building you lease, so that it works better for your business? Those changes can cost tens of thousands of dollars, and they’re your investment. Along with your business property, you need coverage for others’ business property that’s in your care, such as tools, leased equipment, vehicles, etc.
You want a policy that will guard against the effects of inflation on construction costs for covered buildings. This assures that you have enough coverage to truly protect your business.
We like to think that the employees we work beside in our business are trustworthy. No one wants to think about something like employee dishonesty, but it happens. Even when working with family members or employees that feel like friends or family. Unfortunately, I have witnessed this first hand with our insureds more than once. We can protect your business from this and offer you several coverage additions such as accounts receivable, money and securities, valuable papers and records, and more.