The Pethel Insurance Group serves business owners in Kannapolis, NC, and all of western North Carolina. Although most of our customers are aware that their commercial insurance covers their buildings and personal property, some find certain add-ons to commercial coverage highly desirable.
Basic Commercial Insurance Coverage
Your commercial policy covers your building. This can be a building you own or a net lease, a property you don’t own but are responsible for insuring. Any machinery that is permanently attached is considered part of your building.
Your commercial policy also covers your business property. This includes furniture and fixtures, movable equipment, inventory, upgrades you make to a space you rent, and leased equipment you have a responsibility to insure.
Where do you need an agent to ensure you get the right coverage? Your policy’s cause of loss page can be special, basic, or broad.
Why does this make a difference?
- The particular cause of loss form means that every peril that can cause you damages is included unless it is specifically excluded.
- Basic and broad cause of loss means that every peril that can cause you damages is excluded unless it is specifically included.
Your Pethel Insurance Group agent can verify the kind of coverage you have.
Two Kinds of Commercial Insurance You May Want to Add to Your Policy
Many of our customers in Kannapolis, NC, and beyond need business interruption insurance. This rider to your commercial policy pays your payroll, normal operating expenses, and even your expected net income while your business is non-operational (or losing money) due to a covered event.
It’s also possible to get coverage for equipment breakdowns. This rider offers coverage when, for instance, your boiler goes out, your elevator doesn’t work, electrical systems fail, or your manufacturing equipment is nonfunctional.
Don’t forget to ask your Pethel Insurance Agent about commercial insurance!
Pethel Insurance Group has the experience and expertise to help you make sure you have exactly the coverage you need. Call us today!
