Champaign Commercial Property Insurance: Why Your Business Needs It

Champaign Commercial Property Insurance Why Your Business Needs ItChampaign Commercial Property Insurance: Why Your Business Needs It

Champaign Commercial insurance is important for all businesses. This type of insurance protects you as a business owner from commonly experienced losses, such as property damage, theft, liability, and employee injury. Without adequate insurance, it’s hard for businesses to recover from these types of losses, and increases the risk of your business ultimately shutting down.

There are three main types of commercial insurance; liability insurance, workers compensation, and property insurance. Champaign Commercial Property Insurance covers any damage to the property within your place of business. Damages could be caused by a fire, flood, mold, etc.

When insuring your commercial property, your Myers Insurance agent will look at your exposure risk factors. This will include exposure data on adjacent buildings, including exposing walls, hazards, construction, and distance, all of which can provide critical underwriting information. You should also be made aware of additional exposures your business may have, including local wildfire risk, possibility for damaging winds and water, and how close the structure is to a flood zone.

According to industry studies, 75% of commercial buildings are actually underinsured. This is why when getting your business property insured, it’s crucial to get an estimated replacement cost. This represents the average estimated cost to rebuild the building in the event of a total loss.

At Myers Insurance Group, we will review your business operation from top to bottom to correctly design and negotiate a comprehensive Champaign Business Insurance policy, including looking at your General Liability needs and seeing if a Business Owners Policy makes sense for you. Please contact us for more information at (855) 534-5707.

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