Several different types of commercial insurance policies. The agents at Safechoice Insurance Agency work with business owners in the Rochester, MN area to get the best coverage for them. One policy that businesses need is commercial property insurance.  These policies cover the physical structure the company operates in. It will also cover the current inventory and raw materials. Production equipment and machinery receives protection as business property. The coverage also extends to include computers, office equipment, artwork, business documents and signage. The policy will also cover intangible property such as business trademarks and copyrights held by the company. 

Several different types of commercial property insurance policies are available. A basic plan covers damages and losses resulting from natural events such as lighting, wind and hail. Explosions are also covered. The basic plan should also cover the debris removal costs. A broad plan covers additional events including roof damage or collapse from weather events such as snow or ice.  Plans will also cover damage from riots or civil unrest. Finally, a special form policy combines the qualities of the basic and broad plans. These policies with cover all damages except those specifically excluded in the policy. Another variable that will affect the insurance premium is whether you opt for actual cash value or replacement value. If you select actual cash value and the building or equipment is damaged or destroyed, the reimbursement will be based on the value with depreciation factored in.  A replacement value will reimburse for the cost to replace the equipment or rebuild the building.

For Minneapolis, MN area business owners, commercial property insurance policies represent many choices. Call on the team at Safechoice Insurance to get the coverage you need today!