Commercial Property Insurance
California Commercial Property Insurance
Your livelihood is dependent on the survival of your business, so it is imperative that you protect it against any potential threat—big or small. For instance, a fire could destroy your business’s warehouse and the contents inside, or a burst frozen pipe could damage important documents and valuable papers. Worse, you could have trouble paying your employees during a loss because your funds are devoted to repairing damage. Commercial Property Insurance can protect your business against these threats.
If self-insuring is not an option to combat these risks of loss, it is wise to obtain commercial property insurance. This coverage comes in many forms to suit your specific needs. Before purchasing coverage, take a complete inventory of all your business property to determine how much you need to insure. This important step ensures you will have adequate coverage to continue your business in the event of a covered loss.
The insurance specialists at Paragon Insurance Services can help you build a comprehensive business insurance program.
Types of Commercial Property You May Need to Insure
Here are some examples of property that’s commonly insured:
- Buildings and other structures (leased or owned)
- Furniture, equipment and supplies
- Money and securities
- Records of accounts receivable
- Leasehold improvements and betterments you made to the rented premise
- Electronic data processing equipment (computers, etc.)
- Valued documents, books and papers
- Mobile property (construction equipment, etc.)
- Property in transit
- Satellite dishes
- Signs, fences and other outdoor property not directly attached to the building
- Intangible property (goodwill, trademarks, etc.)
- Business contingency for suppliers
- Ordinary payroll
- Extra expenses as a result of loss
Ready to Get Your Quote?
With a few quick questions, we can get your quote started! Click the button below or give us a call at 916-353-1023!
Are You Buying Enough Commercial Property Insurance?
One of the most important aspects of purchasing property insurance is making sure that you have purchased enough coverage to be adequately protected. A typical policy will provide the replacement cost value for your building and the actual cash value for your business property. Replacement cost value is the amount that is necessary to replace or rebuild your building or repair damages with similar materials, without considering depreciation. Actual cash value, on the other hand, is the value of your property when it is damaged or destroyed. This amount is typically determined by subtracting the depreciation from the replacement cost value.
Most property insurance policies include a coinsurance clause, which requires you, the policyholder, to share the cost of covered services up to a moderate percentage of the actual cash value of the property. This will allow you to receive full coverage for your losses. Should you decide to purchase inadequate coverage for your property, you may be obligated to pay a percentage of all losses, even if they are listed in the policy.
Keep Your Business Protected! Get Your Quote Today!
Business owners have a lot to consider when choosing insurance that fully protects their business. At Paragon Insurance Services we offer complete insurance packages for many different business types. We have years of experience and products to provide you exceptional service and value to our customers. As a business owner, you take calculated risks everyday in order keep your business thriving. But what about the risks you haven’t considered?
We have many commercial insurance policies to choose from:
Learn About the Paragon Insurance Services Client Philosophy!
Safety and Compliance
- Employee Manual
- Base Safety Programs
- Human Resources
- Employee Training
Insurance & Risk Management
- Basic Policies - Liability
- Basic Policies - Employee Benefits
- Employee Benefits
- Contractual Transfers
Annual Policy Reviews – What are We Talking About?
Every year at about a couple months before your policy renews with Paragon, we will reach out to you to review your policies prior to their renewal so that we can ensure that you are STILL with the Right Insurance Company, with the Right Coverage, and paying the Right Price.
If you decide you’d like to be quoted with other Insurance Companies you can quickly schedule a time for an in-depth market review where our team will re-quote your policies and provide you with the options so you can make the best decision possible.
California Full Service Insurance Agency
Paragon Insurance Services is able to provide its clients with the latest and greatest of what the insurance industry has to offer and much, much more. The Paragon team has developed an “insurance cost reduction” quoting plan, that provides you with the best coverage at the best rate!
Our office is located in Folsom, CA and services the Sacramento Valley, California’s Central Valley, Northern California and beyond to provide a local feel to the solutions and services we provide our clients. We pride ourselves on exceeding our client’s expectations in every interaction to make sure that our client’s know how much we value and appreciate their business.
Contact us today 1-916-353-1023 for your comprehensive commercial property insurance quote!