Coverage that protects your assets.
Commercial property insurance to cover your company.
Commercial property insurance protects your assets in the event that they are stolen, damaged, or destroyed in a fire or natural disaster. We’ll partner with you to design insurance coverage that will protect your company’s property.
Commercial property insurance protects a business’ physical assets in the event of an incident like theft and weather damage. This type of coverage is not mandatory in Illinois, but it provides valuable protection for business owners. If you own a business in Chicago, you know to expect the unexpected. How many businesses do you know that have been a victim of a burglary? Or vandalized? Or suffered building damage due to a storm or fire?
Commercial property insurance covers all of these perils.
In the last 5 years, the top 5 commercial insurance claims were:
- 20% due to burglary and theft
- 15% due to water and freezing damage
- 15% due to wind and hail damage
- 10% due to fire
- 10% due to customer slip and falls
These unexpected incidents are more common than you may think and can be costly to address. Why not secure cost-effective commercial property insurance to protect yourself and your business?
What does Illinois commercial property insurance cover?
Commercial property insurance covers the cost of repairs to your property in the event of a covered incident. These policies are designed to protect your business assets and ensure that your company can stay up and running if the unthinkable happens. Some covered incidents include:
- Damage caused by fire, theft and vandalism
- Weather-related damage caused by wind, rain, hail and lightning
- Loss of income due to property damage
- Limited liability coverage in the case of injury
Business, or commercial, property insurance policies in Illinois vary depending on the type, size, location and property value of your business. On top of that, policies offer varying levels of coverage and can have hidden exclusions. If you don’t know what to look for in your policy, you could end up like the 75% of businesses in the United States that are underinsured. When you work with an experienced Illinois insurance agent at Reliant Agency, we ensure that you find the right coverage for your business at the right price point.
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As an independent agency, we are here to help you find the right Commercial Property Insurance coverage.
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As an independent agency, we are here to help you find the right coverage.
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