Types of Commercial Property Fire Coverages

        Commercial Property Fire Coverage


There are two primary factors that come into play when dealing with fire protection. Make sure your coverage incorporates them both to make sure you won’t be left holding the bill.

Commercial Property – This is the portion of your policy that kicks in to cover the building itself and the equipment in it. When there is a loss to physical assets caused by a fire, this is what pays for replacement and repair costs.

Commercial Casualty – In the aftermath of a fire, there may be a time period where you may not be able to conduct business, often due to damaged workspace. This part of your policy will cover loss of revenue during the recovery period after a fire.

Based on your policy, these coverages will offer different levels of protection. Review your situation to make sure that the amount of coverage is comparable to your potential risks.

A fire in your workplace can be extremely costly. In addition to the costs associated with fixing the damages, there is also a good chance that your day-to-day business activities will be interrupted during the repairs. To avoid potential expenses related to workplace fires, it is important that you have adequate fire coverage. Fire coverage is included as part of most property insurance policies for commercial buildings. However, it is important that you understand your policy to make sure it provides all the protection you need and that you are paying the right amount in premiums.