Your livelihood is dependent on your business, protect it against any potential threats.
What is property insurance?
Basic property insurance covers losses due to fire or lightning, including the cost of removing property as a way to prevent further damage. To increase your coverage, you can add things like floods, windstorms, hail, earthquakes, acts of terrorism, explosion, riots, smoke, civil commotions, and vehiclulardamage to your property. Beyond that, coverage for vandalism and malicious mischief can also be included in your property insurance plan.
Why do you need it?
If you are unable to self-insure against risk and loss, you will require property insurance. We can customize your plan to suit your business’s specific needs. Before you contact your Butler Byers Risk Consultant, we recommend that you take a complete inventory of all your business property to determine how much you will need to insure. This important step helps your Risk Consultant ensure adequate coverage to continue your business in the event of a covered loss.
What is covered with product liability insurance?
Coverage for repair costs ensures that the price of damage won’t slow your business down.
When a repair isn’t enough, insurance can cover the cost of property replacement.
When a loss causes your business to suffer downtime, insurance can cover the loss of income and help with bills and other expenses until you’re back to business as usual.
Other coverage options may also be included and are not limited to what has been indicated.
Frequently Asked Questions
How much property insurance does my business need?
The amount of insurance your property requires depends on the physical structure of the building, as well as all the property it contains, like inventory, furnishings, equipment, and more.
How can I reduce my property insurance premiums?
To reduce your premium, we recommend that you take steps to proactively safeguard your property against common risks. Make sure all electrical, structural, plumbing, and safety systems are up to code, and repair or replace anything that isn’t in good shape.
How can I reduce my risk?
As with most insurance options, reducing your risk can positively affect your premiums. Our risk consultants work with you to create a Risk Reduction Plan to identify strategies specific to your business.