Miami Business Property Insurance: Maximize Your Loss Payout

restaurants & apartments destroyed by fire in Florida

Why do you need business property insurance?

Your business can benefit greatly from having the correct insurance in place. This is because your property can become compromised: fire, water damage, flooding, hurricane, etc.

It can also suffer losses as a result of burglary or theft. This makes it very important to make sure you’re covered properly.

The cost of repairing or replacing damaged business assets or property can be staggering and can greatly impair the operations of your business. You’ll use the payout from your insurance policy to replace or repair damaged property such as:

  • Furniture
  • Computers
  • Office building
  • Equipment
  • Inventory

Business Property Insurance Coverage

There are two types of policies that cover business property against loss. They are as follows:

Named Perils: Covers losses that result from specific events named in the policy.

All-Risk: This is also known as special form coverage. It covers all events except those that are specifically named. All-risk policies are the best for most businesses but the premiums are a bit higher.

Additional insurance coverage may be important depending on the type of insurance policy you have. These include:

Undamaged stock protection: This policy covers undamaged goods that can no longer sell because of the damage caused to the related goods.

Records or data protection: This policy covers loss of records or data that were damaged and will take a lot of time and money to reproduce.

Computer virus protection: This policy covers the loss of business or data as a result of computer viruses.

Intangible coverage: Covers losses involving copyrights, trademarks, and patents.

Off-premises property protection: This policy protects business assets in other locations, including fairs, exhibits, and trade shows, among other locations where your business is operating with equipment belonging to your company.

What Determines The Best Type Of Policy For Your Business?

The following factors determine the best insurance for your business:

  • Type of business you run
  • Location of your business
  • Region in which you operate your business

After a Loss

Once you’ve suffered a loss to your business property, you have major decisions to make. The challenge is you’re up against an insurance company that knows exactly how to mitigate your settlement.

They’ll send out an adjuster who has a job to do: keep your payout as low as possible.

You’re busy. You have a business to run. You have family responsibilities. Are you equipped to go up against an insurance company adjuster who’s experienced in mitigating claim payouts?

At 1st Response Public Adjusters, we have expert experience about how to deal with company adjusters. We know exactly how to help you get a fair and just settlement.

Go ahead and schedule a consultation with us. It’s free. It will allow us to explain your business property insurance policy to you. It will allow you to freely ask questions and check our references.

Ultimately, it will provide you the legal representation you need to make sure the insurance company doesn’t take advantage of you.

Call us now or fill in the form below to initiate the consult process…

Off: 855-777-CLAIMS (2524)
Fax: 786-717-6487

Get Your Free Consultation

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Related Pages

Business Fire Insurance - Understanding your Florida business fire insurance policy is vital for getting a fair & accurate settlement.

Business Flood Insurance - We'll help you understand how to best proceed against your insurance co inside the business flood insurance process.

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Public Adjuster > Home Policy > Business Property Insurance