Commercial Real Estate Insurance

If you own commercial real estate, it is likely one of your biggest assets.  Unfortunately, extreme weather, fire, crime and other disruptions are always a risk to your property.  Luckily, you can protect your valuable investments with a commercial real estate insurance package from O’Connor & Co. Insurance Agency, Inc.

Commercial property takes many forms in Massachusetts and Connecticut, including office space, retail, restaurants, rental homes, apartments and even manufacturing or industrial locations.  Whether you operate your own business from a building that you own or lease out your space to others, you should have a few protections in place. Most commercial real estate insurance policies include:

• Commercial property insurance – This protects your building, equipment, signs, and other physical property against damage caused by windstorms, fire, vandalism and other named perils.  Keep in mind that commercial property insurance does have significant exceptions, such as flood damage or theft of money or inventory, so be sure to talk to your agent about adding appropriate amendments.
• General liability insurance – This provides payment for injuries or property damage sustained by a third party while on your premises.
• Business income insurance – Also known as business interruption insurance, this helps with lost rents and profits, rebuilding costs, or temporary relocation costs during reconstruction after a named peril.

Depending on your particular type of commercial real estate, there is a great variety of additional policies available.  One of our agents can help you figure out what endorsements and packages make the most sense for your situation.

For more information, contact O’Connor & Co. Insurance Agency, Inc. today to find out how commercial real estate insurance can help protect your investment.