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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 Ohio, commercial property insurance is designed to safeguard businesses against the financial impact of damage to physical assets. This type of insurance typically covers the building itself, its contents, and other property associated with the business, such as inventory, technology, and outdoor features. Standard policies protect against a range of perils including fire, water damage from burst pipes, storms, theft, and vandalism. However, it's important to note that standard commercial property insurance policies do not cover earthquake and flood damage. Business owners seeking protection from these specific natural disasters must purchase additional coverage or endorsements to their existing policy. It's crucial for business owners to carefully review their policy details and consult with an attorney or insurance agent to ensure that their coverage meets their specific needs and that they understand any exclusions or limitations.

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Insurance

commercial property insurance

As a LegalFix Member You Will Be an Important Client of Local Law Firms

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Insurance

commercial property insurance

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