Your business is your pride and joy. Your baby. An important and public representation that you’ve realized or are working toward achieving The American Dream. But it takes just one fire, one theft, one disaster, and that dream could turn into a nightmare. In Georgia, a commercial property insurance policy can protect you from losses associated with such events, and you need the right policy in place to protect your valuable assets.
We have specialist advisors in all areas of our business, as well as fantastic support staff who will be able to help you if your advisor is unavailable when you make contact.
Commercial property insurance covers a variety of things: your building, office or shop; equipment, furniture and fixtures; business inventory; outdoor signs; landscaping and fencing; additional structures; and a lot more.
At the Rose Agency, we know commercial property insurance. We know our hometown risks. And we work hard to protect the firms our employees do business with every day, because you contribute to the vitality and vibrancy of our local communities.
There are three primary types of commercial property policies. Basic policies cover things like fires and storms. Broad-form policies cover that, plus water damage, structural collapse, sprinkler leaks, damage cause by ice, sleet or weight of snow, and more. Special form policies cover anything except what they specifically exclude; some common exclusions include damage from floods, earthquakes, war, terrorism, nuclear disaster, wear and tear, and insects.
Typical Georgia commercial property coverages—some are in a standard policy and some must be added—include:
In Georgie, commercial property policies provide replacement cost coverage, actual cash value coverage, or a combination of the two. Replacement cost coverage pays to rebuild or repair your property based on current construction costs. It’s not the same as market value and doesn’t include the value of your land. Actual cash value coverage policies pay to rebuild or replace your property minus depreciation. If your business is destroyed, actual cash value coverage may not pay to completely rebuild.
We recognize that no two businesses are exactly alike. We can help tailor customized coverage that specifically meets your firm’s unique needs both today and as it evolves. Call us, stop by our office, or use the request form to find the best protection you can get at the right price.