business property with truck outside

Blue Lion Insurance Advisors, LLC of New Jersey has a well-earned reputation for competence and integrity. We pride ourselves on finding just the right Business Property Insurance Policy for each client we serve, working hard to meet your company’s specific needs. Please contact one of our insurance brokers using the contact form on the right side of this page so we can find the best insurance policy for you.

Why You Need Business Property Insurance

Even before you open your business it has value to you, holding, as it does, your dreams for the future. Once you have an established enterprise, it becomes an important part of the foundation of your life, providing income, assets, pride, and a sense of stability for you and your loved ones.

This is why protecting your investment of time, energy, money, and hope is essential. You will want to have the most comprehensive Business Property Insurance at the best possible price and Blue Lion Insurance Advisors, LLC can provide it. We do not represent a particular insurance company so we owe loyalty only to you. Don’t hesitate to contact us now at (732) 649-1600 to discuss your needs.

Threats to Your Business Are Everywhere

Just as an example, a fire or burst pipe could rapidly destroy everything you’ve worked so hard to build — your offices, your factory, your warehouse, your machinery, your records and files, your technological equipment. Also, consider the fact that the high cost of repairs could use up the funds you normally spend paying your employees.

A Business Property Insurance Policy may protect you from:

  • Fire (whether due to lightning or electrical problems)
  • Water damage
  • Theft

Preparing to Purchase the Business Property Insurance that Is Right for You

Our experienced insurance advisors are eager to meet with you for a discussion. Contact us today to set up a free consultation. During the consultation, we will learn the nature and size of your company to find the right policy to suit your needs. The following variables may come into play in making this determination:

  • Location (e.g. in or near a flood zone, wildfire zone, major roadway)
  • Number of employed, trained, and untrained
  • Separate buildings and structures (e.g. storage units, fences)
  • Type of construction (e.g. wood, stone, brick, metal)
  • Types of exits (e.g. stairs, elevators)
  • Hazardous materials (e.g. toxic chemicals, combustible liquids, dangerous machinery)
  • Potentially dangerous railings, balconies, large ceiling fixtures, handrails
  • Potentially hazardous working conditions (e.g. welding, use of staple gun, woodchipper)
  • Preventative measures to avoid damage, such as fire extinguishers and sprinklers
  • Distance from nearest firehouse or police station

You also have to provide us with a full inventory of your furnishings, electronic equipment, stock, and regular wages paid so that we can estimate the cost of repair and replacement. By taking into account the value of your business property, and approximating your level of risk, we can help you make a sound decision regarding your Business Property Insurance.

Types of Property You May Need to Insure

Whether you own or rent the building that houses your business, Business Property Insurance is crucial to ensure that your company can survive, even if confronted by a calamity. Our well-informed insurance advisors keep abreast of any changes in providers’ coverage to make sure our recommendations are current and correct. We are just a phone call away!

Typically, good Business Property Insurance could cover:

  • Owned structures, including fences and signs
  • Landscaping you have paid for
  • Financial assets
  • Furniture and supplies
  • Computers and other office equipment
  • Inventory
  • Technological data
  • Documents and paper files
  • Construction equipment
  • Property in transit
  • Ordinary payroll expenses
  • Money and securities

Think of the peace of mind you’ll have knowing that even if you have to go through the terrible stress of a major business loss, you have a back-up plan in place that can enable you to move forward. Blue Lion Insurance Advisors, LLC are also ready to discuss additional coverage you may want to consider purchasing. Depending on your particular circumstances, we may recommend that you take out a supplemental policy that may protect you from:

  • Floods
  • Windstorms, hail, earthquakes
  • Acts of terrorism or riots
  • Explosion
  • Smoke damage
  • Vehicular damage to your property
  • Vandalism and malicious mischief
  • Business interruption*

* cost of rent, taxes, loan payments, temporary accommodations

We are always available to discuss your best options with you in terms of realistic risk management and your concerns. Please fill out the contact form on the right side of this page to get in touch with one of our experienced insurance brokers.

How can your Business Property Insurance Company reimburse you for your losses?

After a fire or other damaging event, the insurance company, once they have investigated and assessed your losses, may reimburse you in one of two ways:

  1. By paying out the monetary value of your lost or damaged property
  2. By paying you the money you may need to repair damages or rebuild

In the first case, they may deduct depreciation from their payment to you, meaning that you may receive more money for a brand new computer than for one that is 10 years old. In the second case, they may not take depreciation into account, only the cost of replacement.

Unless you have purchased comprehensive insurance, your policy may likely have a coinsurance clause, indicating that you could have to pay a certain percentage of the value of your lost property. The way to ensure that you know the exact parameters of your coverage is to work closely with one of our knowledgeable insurance advisors.

Contact Blue Lion Insurance Advisors, LLC Today!   

None of us ever knows when a disaster will strike, so don’t leave your business at risk for another day.

Call us today at (732) 649-1600 to learn how our experienced business insurance advisors could get you the right Business Property Insurance coverage, at the right price, and superior service. That’s the heart of Blue Lion Strong™! 

You can also Request A FREE Insurance Quote on our website.