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With over 76 years of experience, The Jordan Insurance Group is an industry leader in Life Insurance strategies and Employee Benefits. We strive for excellence through our due diligence in selecting products to satisfy our clients’ needs with proven benefit designs and tax strategies. Our Team utilizes a diversified multi-level approach in preserving, protecting and growing wealth for our business and individual clients.

Surprising Facts About Commercial Property Insurance

William Jordan William Jordan , 9/15/2014
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buildingsAn unexpected mishap can leave your business in a bad state and worse, your business could face closure. Any circumstance - theft, fire, vandalism - can be critical to your business' survival. If you still do not have commercial property insurance, it is time to consider getting coverage if you want your business to be secured. Your business should be well protected from loss by securing the right type of insurance coverage offered at a reasonable rate. Commercial property insurance is also called business property insurance. This type of insurance protects your inventory, property, and all assets that go along with it from damage or loss. This type of coverage also includes circumstances that are beyond your control. A company should always assess business operations daily and decide if a complete policy is necessary; this is especially true if a business site is located in high-risk areas. Commercial property insurance will shoulder the damage inflicted on your physical assets resulting from events like flood, fire, and windstorm. The insurance will cover and pay for the damage. It can also cover the loss or damage of valuable assets like legal files and computer servers. While it is the most useful type of insurance for any business, there are certain things you need to understand in order to get the right coverage. It is important to be aware of exclusions to business property insurance and the guidelines that do not cover specific events or certain assets in a policy. This type of coverage will depend on your location. For instance, some states may have exclusions for events such as windstorms. It is important to be aware of these issues when you choose business property insurance. If you have employees, you will also be required to have Workers Compensation Insurance. You will also be required to pay for unemployment insurance tax. These insurance policies will not only cover your employees in the event of a mishap, but also protect you from any lawsuits. It is important for all business properties to secure commercial property insurance that can cover fire, flood, earthquake, vandalism, among other disasters. Getting a policy that provides broad coverage can be more expensive compared to a disaster specific policy. You should also keep in mind that you should only buy insurance coverage that is within your financial ability.  The Jordan Insurance Group has agents who can assist you with getting the right coverage. Content provided by Transformer Marketing. Source: