Commercial Property Insurance in Virginia & Maryland
Commercial Property Insurance
- What Is It?
- Who Needs It?
- Coverages Offered
Commercial property insurance is specialized property insurance that’s designed for businesses’ property as opposed to individuals’.
Businesses with significant assets generally should carry some form of business property insurance
Building Coverage: May cover primary building and secondary structures
Contents Coverage: may cover equipment, supplies and inventory on the property
Beacon Insurance Group is Here to Help
For decades, Beacon Insurance Group has been providing quality and affordable insurance coverage to the good people of Virginia and Maryland. Our team has carefully handpicked reputable insurance companies that we are confident can provide you with the security and peace of mind that you deserve.
Whether you are a business owner or looking for protection in your everyday personal life, we know that you don’t have the time to worry about your insurance programs. That’s what we are here for. At Beacon Insurance Group, we do the digging to find you the best possible coverage at the best possible price.
It’s incredibly important to us that we continually provide you with expertise and that personal touch that you are looking for when it comes to finding high-quality commercial property insurance.
Fill out the form to get in touch with a specialized commercial property insurance agent and we will get you the superior customer service that you deserve!
Request A Quote
What is Commercial Property Insurance?
Virginia and Maryland businesses that have physical assets should protect those assets. Commercial property insurance can play an important role in providing protection.
Commercial property insurance is specialized property insurance that’s designed for businesses’ property as opposed to individuals’. There are similarities between the insurances, but there are also points of difference.
What Businesses in Virginia & Maryland Need Business Property Insurance?
Virginia and Maryland businesses with significant assets generally should carry some form of business property insurance. Significant assets can be anything from buildings or land to extensive inventory or specialized equipment.
In some cases, lenders may require property insurance to be carried on financed buildings or equipment.
What Coverages Does Business Property Insurance Provide?
Business property insurance normally provides two primary coverages:
- Building Coverage: May cover primary building and secondary structures
- Contents Coverage: may cover equipment, supplies and inventory on the property
Notably, business property policies usually don’t offer liability coverage because this can be purchased through separate policies. An insurance agent who knows these policies well can help businesses find both the property and liability coverages that they need.
Do Businesses That Lease Space Need Business Property Insurance?
Businesses that use leased space often don’t need to insure the building they’re in, but they may have substantial equipment, supplies or inventory. Because of these other assets, businesses leasing space might still want a limited business property policy that offers only contents coverage.
Does Homeowners Insurance Cover Home-Based Businesses?
Homeowners’ insurance policies might cover home-based businesses, but whether coverage is offered depends on the specifics of a policy and the scope of a business. Sometimes a separate business property policy should be purchased.
How Can Businesses in Virginia & Maryland Get Quotes for Commercial Property Insurance?
If you need to insure business assets that are located in Virginia or Maryland, let the independent insurance agents at Beacon Insurance Group help. Our team will help you ensure that business assets are properly protected by a robust commercial property insurance policy, and we’ll compare multiple policy options to help you find the best one.
What are the Advantages of Working with an Independent Agent like Beacon Insurance Group?
This is a question that we hear all the time – and that’s okay! – because we know that the insurance world can be confusing. That’s why we are here to help you.
Securing your insurance through an independent agent rather than buying straight from an insurance company is similar to hiring a lawyer before going to court, rather than defending yourself. Just like lawyers, independent agents have the knowledge of the entire industry with attention to important, cost-saving details that only come with years of experience.
But, UNLIKE lawyers, going through an independent agent not only comes with no extra charge, but it can often SAVE you money by being able to shop your needs to many different insurance companies, and also by ensuring that you are only being covered for what you need.
Independent agents are your helping hand in your journey through the overwhelming insurance world. We are real human beings that are equipped with the knowledge, expertise, and friendliness to help make your life easier, especially in tough times. We recommend you submit a form on this page to talk to one of our agents for free – at your convenience!