Commercial property insurance in Portland, OR is a common option which many businesses take, which provides a wide range of coverage for buildings, inventory, equipment, tools and more. Losses from fire, break-in, vandalism, wind and other natural or manmade disasters are examples of what is typically covered. Taking care of your space and your assets is essential for being prepared. Protect this business with a commercial property insurance policy in Portland, OR.
A basic commercial property insurance policy may be all that is needed, although the coverage types can vary between different insurance providers. As an independent insurance agent, Fox Insurance can help you determine the type of insurance policy and range of coverage that is best for your business.
To get a full list of insurance coverage options we provide or to have questions answered, contact us today.
If you own a commercial building, you will need to have enough commercial property insurance to cover replacement costs. Although cost estimators are available, we recommend that you get an objective appraisal from a third party in order to accurately determine the current replacement cost of your building. Give us a call today, and we can work with you to get the coverage your building needs.
Flood damage is not actually a commonly covered cause of loss. A separate policy usually needs to be purchased in order to secure coverage. Check your current property insurance policy to be sure you are covered. If you’re not sure if your coverage extends to this service, then ask us to review your insurance policy, and we'll make sure your needs are met.
Business personal property insurance covers property at the location of your business. This service is there to protect the valuables inside of the building itself. Be aware that most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy (equipment or installation floater). Planning ahead in this way and erring on the side of caution is going to be the best course of action overall.
Business Interruption Coverage is there to reimburse business owners for lost profits and fixed expenses during the time that a business is closed. For example, this type of coverage will be able to keep your business going while it is being restored, in case of it being damaged. This can also cover financial losses which happen if civil authorities limit customer access to your neighborhood or business after a disaster. It is strongly recommended that all businesses have this insurance type.
This insurance coverage is there specifically to protect your computers and associated data. In today's world, the value of information is at a premium, and the equipment needed to utilize it is very expensive. Having protection against losses in these areas is a highly useful thing to have.
Fox Insurance understands the Beaverton and Portland business insurance needs of our customers. Everyone has different needs from their coverage – call us today to have us help you with your business and your future.
Offices located at:
4800 SW Griffith Drive, #300, Beaverton, OR 97005