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commercial property insurance

Commercial property insurance protects a commercial building and its contents—such as inventory, computers, telephone systems, documents, furniture, HVAC systems, machinery, and equipment—as well as exterior features such as signs, fences, gates, lighting, and landscaping—from damage caused by fire, burst pipes, storms, theft, and vandalism.

Damage caused by earthquakes and floods is generally not covered by a commercial property insurance policy unless coverage for those natural disasters is added to the policy.

In Michigan, commercial property insurance is designed to safeguard businesses against the loss or damage of physical assets such as buildings, equipment, inventory, furniture, and other property essential to business operations. Standard policies typically cover a range of perils including fire, theft, vandalism, and certain weather-related damages. However, it is important to note that standard commercial property insurance policies do not cover earthquake or flood damage. Business owners in Michigan who wish to protect their property from these specific natural disasters must purchase additional coverage or separate policies that specifically address these risks. It is advisable for businesses to carefully review their insurance policies and consult with an attorney or insurance agent to ensure that they have adequate coverage for all potential risks.

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commercial property insurance

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Insurance

commercial property insurance

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