Property & Marine Insurance

Natural disaster, accidents and crime can result in substantial financial loss to your business. Depending if you own or lease the building where your business operates, you will need different coverage for each category.

 

If you own the building where your business resides, your commercial property insurance should protect the business’ building and its personal property. However, if you lease the building where your business operates out of, you might only need to cover the contents in the building. 

 

Marine insurance refers to the coverage that is provided for your property that is being transported from using water-based vessels and cargo shipments. There are many risks involved while moving your property, high-value items in particular, and this form of coverage is indisputably important to protect you for the financial loss stemming from damage during transit etc.

 

Property and Marine insurance policy may cover the cost of obtaining new equipments or it may cover you for up to the depreciated amount of your loss items. In a nutshell, having a commercial property or marine insurance will allow you to recover from losses resulting from unfortunate and unsolicited events so that your business can resume its operations promptly.  

Should you have any questions or concerns, please feel free to contact us at (815) 459-3300 and our expert agents will be glad to assist you.