Commercial Property Insurance in Columbus, OH

Investing in commercial real estate offers attractive prospects but comes with inherent risks. Whether you’re a property owner of an office building, retail store or warehouse, securing your investment against unforeseen events is essential. Commercial property insurance can offer financial protection and peace of mind.

What Does Commercial Property Insurance Cover?

Commercial property insurance may cover a company’s physical assets from unexpected events such as fires, windstorms, theft and vandalism. These assets can include buildings (whether owned or rented), office equipment, furniture, fixtures, inventory and other items essential for daily operations. Additionally, it may include coverage for lost business income resulting from property damage. Keep in mind that earthquakes and floods are typically not covered unless specifically added to the policy.

How Much Does Commercial Property Insurance Cost?

The following factors can influence the cost of commercial property insurance:

• Business location—The property’s geographic location can significantly impact costs, as risks can vary in terms of crime rates, severe weather and other perils.

• Property value and assets—The value of your business property and assets can directly impact the cost. Someone insuring a home office would likely pay less than a business with its own office building, but both can benefit from commercial property insurance.

• Building construction—The materials used to construct the building matter. Fireproof construction materials and up-to-date plumbing and electrical systems can affect the cost.

• Industry risk—Different industries carry varying levels of risk. For example, an accountant’s office may have less property-related risk than a busy restaurant.

• Protection measures—The presence of fire alarms, sprinkler systems and security measures can impact the cost.

• Property condition—Older or poorly maintained properties may be more expensive to insure.

Where to Get Commercial Property Insurance

Contact Slyman Insurance Group to discuss your business insurance needs today.