The losses it excludes are mostly the slow ones and the ones that belong elsewhere. Wear, deterioration, rust, and settling are maintenance rather than sudden loss. Faulty workmanship, design, or materials are excluded, though resulting damage may still be covered. Employee dishonesty belongs to crime coverage, property in transit to inland marine, and vehicles to commercial auto. If you lease, the building itself is your landlord’s. Earthquake and flood are excluded and written separately. Code-required upgrades on a rebuild are also outside the base form unless ordinance or law coverage was added.
Related FAQs
It depends on your goals and budget. We recommend you review the tradeoffs with us so there are no surprises at claim time.
Typically your business personal property and any improvements you paid for, since your landlord usually insures the building. We help confirm this against your lease.
It may help replace lost income and cover ongoing expenses while you recover from a covered loss.
Ready to get started?
Talk to an advisor or request a quote. It takes about five minutes, with no commitment. Be insurance wise.
