Commercial Property Insurance in Orange County, CA

Your livelihod is your business, so you need to protect it from any type of threat, large or small. If a fire destroyed your warehouse full of inventory, or a pipe burst and your business was forced to close for several days, could you survive financially without proper insurance coverage?

If you are unable to self-insure, you should speak to a local expert about the benefits of property insurance. You would be surprised how it can help you in the face of a disaster.

What Does Commercial Property Insurance Cover?

  • Buildings and other structures (leased or owned)
  • Furniture, equipment and supplies
  • Inventory
  • Money and securities
  • Records of accounts receivable
  • Leasehold improvements and betterments you made to the rented premise
  • Machinery/boiler
  • Electronic data processing equipment (computers, etc.)
  • Valued documents, books and papers
  • Mobile property (construction equipment, etc.)
  • Property in transit
  • Cargo
  • Satellite dishes
  • Signs, fences and other outdoor property not directly attached to the building
  • Intangible property (goodwill, trademarks, etc.)
  • Business contingency for suppliers
  • Ordinary payroll
  • Extra expenses as a result of loss

Basic Property Insurance covers losses due to fire or lightning, including the cost of removing property as a way to protect it from further damage. You can get more than basic coverage, you could also purchse a standard policy that provides coverage for floods, windstorms, hail, earthquakes, acts of terrorism, explosion, riots, smoke, civil commotions and vehicles that damage your property. Beyond that, coverage for vandalism and malicious mischief can also be included.

A typical policy will provide the replacement cost value for your building and the actual cash value for your business property. Replacement cost value is the amount that is necessary to replace or rebuild your building or repair damages with similar materials, without considering depreciation. Actual cost value, on the other hand, is the value of your property when it is damaged or destroyed. This amount is typically determined by subtracting the depreciation from the replacement cost value.

ERM Insurance Brokers understands that determining your business’s value is critical, so we’re here to help. Contact us today at 949-222-0444 to learn more about our Property Insurance and loss control solutions to protect your business.