The agent has assured that my business equipments and properties would be covered under commercial property insurance. Can I get an overview of such coverage?
Total Comments: 11
Posted: Tue Apr 06, 2010 09:01 am Post Subject:
It covers you under circumstances when your business equipments or properties get damaged or destroyed. Insurers may differ from one another in terms of policy features and cost.
Posted: Wed Apr 07, 2010 10:20 am Post Subject:
Such policies will define the causes of commercial property damages. The policies will only cover for damages resulting out of these causes. If you have 'storm' as the named peril, your policy will not cover for damages arising out of fire or winds.
Posted: Fri Apr 09, 2010 01:19 pm Post Subject:
Hey Roddick, I guess you're pointing out to a "named perils" policy. I'd like to add the other kind of commercial property insurance - the All risk type.
These policies are costlier than the other kind. These policies cover damages for causes that are not omitted.
Posted: Fri Apr 09, 2010 03:29 pm Post Subject:
Your overview is your policy. Take a moment and read it. One exclusion that you probably have is that items are not covered if they are more then 1000 feet away from your business. If they are going to be, you need to look into an Inland Marine policy.
Posted: Sat Apr 10, 2010 09:39 am Post Subject:
In an all-risks policy the business owner is protected from losses occurring out of burglary. Any type of break-ins are covered. All payroll transfers could also be protected by adding coverage with your commercial insurance.
Posted: Wed Oct 12, 2011 12:02 pm Post Subject: Ordinance or law exclusion
Does the Ord. or Law exclusion embrace fixtures, such as air conditioner gas?
Posted: Fri Jan 06, 2012 11:50 am Post Subject:
Yes your equipment will be cover under the insurance as commercial property but you must look at the value of the equipments and don't buy this insurance policy from any unreliable company.
[Link removed as per TOU]
Posted: Fri Jan 06, 2012 04:22 pm Post Subject:
No, the Ordinance and Law exclusion doesn’t exclude your furniture and fixtures from being covered under the policy. It only states that. It only enforces regulating the construction, use or repair of any property or if its required, the tearing down of any property, including the cost of removing its debris.
Posted: Fri Oct 19, 2012 10:40 am Post Subject: Commercial & Liability Insurance
Protection from clients is important. If you have a contract that states that you can go after the client for the money or legal cost owed; you don’t want to get into a legal situation in which your client refused not to pay and then walk away.
For small businesses, insurance that specializes in protecting you from the risk of negligence claims made by a client could be beneficial. This coverage protects you from alleged failure to perform on the part of financial loss or caused by an error/ omission in the service or product. I also believe that insurance can be tailored to your requirements to be more useful.[/url]
Posted: Fri Oct 19, 2012 07:14 pm Post Subject:
you don’t want to get into a legal situation in which your client refused not to pay and then walk away.
Is a client who "refuses not to pay" a paying client?
Posted: Tue Apr 06, 2010 09:01 am Post Subject:
It covers you under circumstances when your business equipments or properties get damaged or destroyed. Insurers may differ from one another in terms of policy features and cost.
Posted: Wed Apr 07, 2010 10:20 am Post Subject:
Such policies will define the causes of commercial property damages. The policies will only cover for damages resulting out of these causes. If you have 'storm' as the named peril, your policy will not cover for damages arising out of fire or winds.
Posted: Fri Apr 09, 2010 01:19 pm Post Subject:
Hey Roddick, I guess you're pointing out to a "named perils" policy. I'd like to add the other kind of commercial property insurance - the All risk type.
These policies are costlier than the other kind. These policies cover damages for causes that are not omitted.
Posted: Fri Apr 09, 2010 03:29 pm Post Subject:
Your overview is your policy. Take a moment and read it. One exclusion that you probably have is that items are not covered if they are more then 1000 feet away from your business. If they are going to be, you need to look into an Inland Marine policy.
Posted: Sat Apr 10, 2010 09:39 am Post Subject:
In an all-risks policy the business owner is protected from losses occurring out of burglary. Any type of break-ins are covered. All payroll transfers could also be protected by adding coverage with your commercial insurance.
Posted: Wed Oct 12, 2011 12:02 pm Post Subject: Ordinance or law exclusion
Does the Ord. or Law exclusion embrace fixtures, such as air conditioner gas?
Posted: Fri Jan 06, 2012 11:50 am Post Subject:
Yes your equipment will be cover under the insurance as commercial property but you must look at the value of the equipments and don't buy this insurance policy from any unreliable company.
[Link removed as per TOU]
Posted: Fri Jan 06, 2012 04:22 pm Post Subject:
No, the Ordinance and Law exclusion doesn’t exclude your furniture and fixtures from being covered under the policy. It only states that. It only enforces regulating the construction, use or repair of any property or if its required, the tearing down of any property, including the cost of removing its debris.
Posted: Fri Oct 19, 2012 10:40 am Post Subject: Commercial & Liability Insurance
Protection from clients is important. If you have a contract that states that you can go after the client for the money or legal cost owed; you don’t want to get into a legal situation in which your client refused not to pay and then walk away.
For small businesses, insurance that specializes in protecting you from the risk of negligence claims made by a client could be beneficial. This coverage protects you from alleged failure to perform on the part of financial loss or caused by an error/ omission in the service or product. I also believe that insurance can be tailored to your requirements to be more useful.[/url]
Posted: Fri Oct 19, 2012 07:14 pm Post Subject:
you don’t want to get into a legal situation in which your client refused not to pay and then walk away.
Is a client who "refuses not to pay" a paying client?
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