HWP Insurance specializes in providing custom-designed protection for your business. Leveraging our industry expertise and vast network of carriers, we assist you in securing a policy that protects your valuable business assets.
Commercial Property Insurance
Protecting Your Physical Assets, Securing Your Business Prosperity
Property Insurance Tailored to Your Business Needs
Commercial property insurance pays for covered losses to the physical possessions and property owned or rented by the organization. Additionally, the policy can provide coverage for lost income and expenses incurred when a business is unable to operate due to a covered loss. Commonly covered perils including fire, windstorm, hail, lightning or theft. A typical property policy is broken into three major parts: coverage forms, causes of loss and additional coverages.
Common areas of coverage are:
- Building
- Business Personal Property
- Loss of Business Income & Extra Expenses
Additional areas of coverage are:
- Equipment Breakdown
- Back-up of Sewer and Drain
- Fungus or Mold
- Property off-premises
- Property in-transit
- Utility Services
- Extended Period of Indemnity
- Flood
- Earthquake
This coverage ensures your business is well-protected against losses from a range of potential risks and disruptions.
Common Covered Causes of Loss
- Fire
- Lightening
- Windstorm or Hail
- Smoke
- Vandalism
- Sprinkler Leakage
- Sinkhole Collapse
- Weight of Snow, Ice or Sleet
- Water Damage
- Theft
Note that it is important to carefully review your policy to understand what is and is not covered.
Insurance Solutions for Today’s Challenges
In the present business environment marked by rising costs, extreme weather events, and a competitive property market, HWP and our partners offer tools and services to help you mitigate risks and address these challenges proactively
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Checklists and questionnaires help to identify and document all the necessary details required for insurance coverage. Contract review of insurance requirements ensures that your policy meets the insurance requirements of any contracts or leases.
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This assessment is conducted by a third-party appraiser to determine the correct value of properties and items that need to be insured.
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This is a service that helps your company prepare for and respond to potential disruptions in your business operations.
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These are tools used to detect water leaks and temperature variations in your properties to prevent or mitigate a loss.
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This is a service that involves cleaning up and restoring properties damaged by water, fire and mold to mitigate the damage and limit the extent of the loss.
In today’s increasingly unpredictable business environment, a proactive and comprehensive approach to risk management is essential. HWP has the experience and strategic partnerships to provide a suite of tools and services that are tailored to meet your specific needs. From the initial assessment of your insurance needs to the implementation of risk mitigation strategies and recovery from damages, we are committed to being your trusted partner every step of the way.
Key Considerations for Selecting Property Insurance
Selecting the right commercial property insurance involves a comprehensive evaluation of various key elements:
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Every business has unique risks. Conducting a thorough risk assessment that includes all possible scenarios, from natural disasters to vandalism and theft is important.
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It is crucial to have an accurate valuation of your business property and assets to ensure you are adequately covered and not over-insured or under-insured.
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Policies often come with exclusions and limitations. Understanding these thoroughly is essential to ensure you are not left unprotected in certain scenarios.
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Depending on your business operations, you may need additional coverage such as business interruption, equipment breakdown or natural disaster coverage.
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While cost is always a consideration, it is important to weigh the benefits of the coverage against the cost. Cheaper policies may not provide adequate protection, and finding a balance that provides the best value for your investment is important.
HWP Insurance is here to help navigate you through the insurance buying process. We assist in comparing quotes and premiums from multiple insurance providers, providing competitive pricing without compromising the quality of the coverage. Our objective is to provide invaluable guidance in selecting the most suitable policy tailored to your business needs.
Secure Your Business Future Today With The Right Coverage
Don't let unforeseen events jeopardize your business success. At HWP Insurance, we work with the highest-rated carriers to craft a commercial property insurance tailored to your needs. Complete our simple online form or give us a call now to secure your business future. Your peace of mind is just a click or call away.
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