Commercial Property Insurance in NJ

Business owners looking for ample insurance coverage can turn to the professionals at Blue Lion Insurance Advisors, LLC. We provide the right insurance coverage at the right price with superior client service. Our insurance advisors understand the different business insurance policies, helping business owners find coverage that fully protects them from damage. Learn more about our commercial property insurance for business owners in New Jersey.

Why Do I Need Commercial Property Insurance?

Business owners spend much time and energy building their reputation and customer base. They are passionate about their role and strive to succeed within their communities. With all this hard work and passion, you want to protect your business from disaster. Without the right insurance policies, businesses are left susceptible to damages that require costly repairs. This can severely disrupt business processes. Business owners with abundant insurance coverage can stay ahead of disasters and make repair and rebuild efforts easier and smoother.

Exterior corner view of white commercial building in front of blue sky

Potential Threats to Businesses

When a business experiences a fire or flood, this can have a detrimental impact on business processes. Disasters can destroy essential work tools like technological equipment and machinery. They can also damage important files and records.

Depending on the extent of the damage, business owners may spend a lot of money trying to restore their property. This can eat up essential funds from other business aspects, like paying employees. Commercial property insurance can cover your business in the event of a fire from electrical problems or lightning, water damage, and theft.

Insurance for Commercial Property at Blue Lion Insurance Advisors, LLC

Blue Lion Insurance Advisors, LLC offers free consultations for business owners looking to explore their insurance options. During this time, we get to know you and your company, its size, and its needs. Other aspects we may consider include:

  • Businesses near major roadways, flood zones, or wildfire zones
  • How many employees are untrained vs. trained
  • Separate buildings and structures (like fences or storage units)
  • Construction of the building (wood, brick, metal, stone, etc.)
  • Exits on the building, like elevators or stairs
  • Hazardous handrails, railings, large ceiling fixtures, or balconies
  • Potentially dangerous equipment
  • Existing preventative measures (like sprinklers and fire extinguishers)
  • How far your business is from police or fire stations

In addition, commercial property insurance policies cover your inventory, like furniture, stock, and equipment. Business owners should have a detailed list of their inventory to ensure they have optimal coverage. Evaluating these aspects helps us determine your risk level and the needs of your business. This assists us in finding accurate, well-rounded policies that fit all your needs.

What Types of Property Should I Insure?

The types of property a business owner can insure extends far beyond the building itself. They can also insure all aspects of their commercial property, including:

  • Any property damaged in transit
  • Computers and other machinery
  • Construction equipment
  • Documents and files
  • Fences and signs
  • Financial assets
  • Furniture
  • Inventory
  • Landscaping
  • Money and securities
  • Supplies
  • Technological data (cyber security insurance)
  • Typical payroll costs

Depending on your business needs, you may need additional coverage to protect all aspects of your business. For example, you can add policies for:

  • Acts of riots or terrorism
  • Business interruptions
  • Damage to property caused by vehicles
  • Explosions
  • Floods
  • Smoke damage
  • Vandalism
  • Weather like windstorms, hail, and earthquakes

Reimbursement After an Event

After your business experiences a damaging event, it can be easy to feel discouraged. However, business owners will want to begin the claim-submitting process as soon as possible. After notifying your insurance company and sending the right information, you will receive reimbursement upon approval. Business owners can get reimbursement in one of two ways:

  • Business owners receive funds that equate to the same monetary value of lost or damaged property.
  • Business owners receive funds that equate to the dollar amount needed to complete repairs or rebuilds.

Get Commercial Property Insurance From Blue Lion Insurance Advisors, LLC

Business owners across New Jersey can find insurance assistance from the experienced agents at Blue Lion Insurance Advisors, LLC. Our reputation in the community has made us a reliable, trusted commercial property insurance company for business owners in the state. With over 100 years of combined insurance experience, you can find the coverage you need. To learn more about our commercial property insurance policies, contact us today.

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