Commercial Property Insurance in Katy, TX

Natural disasters, theft and accidents can seriously impact commercial properties. That’s why commercial property insurance is so important.

Commercial property policies can be tailored to address specific risks associated with the business’s location or industry. However, it typically covers:

• Building—This may cover the physical structure of the business premises, including fixtures and fittings.

• Contents—This may cover movable property such as furniture, equipment and inventory.

• Business interruption insurance—This may help cover lost income and operating expenses if the business is unable to operate due to a covered event. It is often included in commercial property policies.

• Damage from various incidents—This may financially protect against damage or loss from fire, theft, vandalism and severe weather.

How Is Commercial Property Insurance Calculated?

The cost of commercial property insurance depends on the property’s value, location, construction quality and the type of business operating there. For example, properties in areas prone to natural disasters often have higher premiums.

Insurance providers may also consider safety features like fire alarms and security systems. Premiums are generally based on the property’s total insurable value, replacement cost or actual cash value.

How Does Commercial Property Insurance Work?

Commercial property insurance can reimburse businesses for covered losses. After a claim is filed, the insurer evaluates it and may pay based on the policy—either actual cash value (with depreciation) or replacement cost. Policies also include occurrence limits, which cap the payout per claim.

Reliable Insurance Provider Near You

TS Insurance is a trusted partner in protecting your investments. Our knowledgeable agents can help you find the appropriate commercial property insurance. Contact us today to learn more.