Understanding Business Property Insurance

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Understanding Business Property Insurance

By Zuma Insurance Services | July 19, 2017

Understanding Business Property Insurance


Whether you own a restaurant, a retail store, a factory or an office, Zuma Insurance offers comprehensive Business Property Insurance coverage to better protect your valuable business assets. From minor issues to major financial loss, this type of coverage is designed to spring into action when you need protection the most. Whether you own your building or lease your workspace, business property insurance is designed to protect all of your business’s physical assets in the event of a disaster.

Protect Your Important Business Property with Comprehensive Coverage

At Zuma Insurance, we work closely with each of our clients to find the right property insurance solutions to fit your specific needs and budget.

What Does Business Property Insurance Cover?

Your business has a lot of different assets including your building, the contents inside and the outdoor landscapes as well. All of these items are vulnerable to damage, meaning you need to invest in insurance that will protect them. Investing in the right business property insurance plan is an important decision for any small business owner. This important coverage is designed to protect against the unexpected by covering damages to your building, inventory, furniture and equipment, outdoor signage, fencing and landscaping and others property when on-site.

Some common examples include:

  • Fire – A fire broke out on-site and destroyed parts of the building and business contents inside.
  • Inclement Weather – A storm damaged your landscaping and outdoor signage.
  • Flooding- A water pipe burst in the building, damaging important documents, business equipment and other valuable items.

Understanding Business Property Insurance

Our experienced Zuma Insurance agents understand that each business is unique and faces its own set of challenges. That’s why we work hard to tailor our business property insurance coverage to fit your needs.

How Does It Work?

This type of insurance coverage varies but it is typically classified by which items are insured and the type of accident or event that lead to a loss. Basic property insurance coverage usually protects against fire, theft, vandalism and damage to your property caused by a vehicle or airplane.

The key items that are usually outlined in this type of policy include your building, outdoor items that are located on the premises, office equipment and inventory. Additional coverage options are often referred to as endorsements and can typically be added to the policy to include other disasters like an earthquake.

This type of coverage also allows you to choose how you want your important items to be covered. The plan will pay for losses based on either the replacement cost of the item or actual cash value.

  • Replacement Cost – The amount needed to repair, replace or rebuild damaged property on the same premises, using comparable materials, without deducting for depreciation.
  • Actual Cash Value – The cost to replace an item with a new item of a similar style and quality, minus depreciation.

Before investing in a new business property insurance policy, it’s important to take inventory of your business to determine which items you want to insure.

Invest in Business Property Insurance Today

Don’t get caught without the right level of business insurance coverage when you need it the most. When requesting a quote from the team at Zuma Insurance, keep these important factors in mind:

  • Your business has many different assets including your building, inventory, signage and more.
  • Business property insurance coverage can be tailored to fit your specific needs.
  • You determine which items are included in your plan and how you want them to be covered.

With the right coverage and the guidance of our experienced independent insurance agents, it’s easy to find the right policy to protect your business. Visit the team at Zuma Insurance online today for more information and schedule a free initial consultation.

Understanding Business Property Insurance