Commercial

Property

Susquehanna Insurance specializes in business insurance that matches your risk

We would be happy to meet you face to face to help protect your business with our options.

Important Property Enhancements to consider

Building Ordinance & Law

Flood & Earthquake Coverage

Business
Income

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Property Insurance Coverage

Every business has some type of property that should be insured. Buildings, personal property, equipment, inventory, customers property, etc. can be insured under a business property policy.

It is critical that you insure your property with a limit that is adequate to repair or replace the damaged property.  Some property policies include a penalty (co-insurance) if you do not carry an adequate limit. It is extremely important that you work with your agent to determine the correct limits of insurance for the property that you want to cover. 

Property premiums vary by the type of construction, the location of the property, the limit carried and the deductible.  Increasing your deductible will lower your insurance premium. Most of our clients request a $1,000 or $5,000 property deductible.  

Here are a few examples of property related losses.

 

  • A fire or act of nature (wind, earthquake, flood, etc.) causes damage to your building. 
  • Your building is vandalized 
  • Someone breaks into your business and steals your property
  • A customer’s property was stolen while in you care, custody or control
  • Perishable goods spoil due to a power failure
  • Your business is shutdown due to a loss and you lose income while your property is being repaired or replaced

 

 

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Optional Coverage Add-ons

You can broaden your property policy by adding coverage enhancements that can be added to your property policy. Here is a list of some of the important enhancements:

 

  • Business Income
  • Contingent Business Income  
  • Mechanical & Electrical Breakdown
  • Employee Dishonesty
  • Building Ordinance
  • Builders’ Risk
  • Installation Floater
  • Contractor’s Equipment
  • Back-up of Sewer/Drain
  • Cargo coverage
  • Bailee’s coverage
  • Ocean Cargo 

 

 

90+ Years at your service

We have the expertise to help you determine the amount of coverage you should carry and the types of coverage you should carry. Business property policies are very complex so it’s important to work with agents who have the technical expertise to develop a policy that protects your business. Our agents have been insuring businesses for more than 90 years.

We can talk through your options now - ready?