Business commercial property insurance
Commercial business Insurance Portland based coverage is needed if you own a building or other commercial property. Fullhart Insurance recommends using a third party estimator to determine the replacement cost of your property.
Flood insurance is typically not included in most basic policies. A separate policy must be purchased to guard against loss or damage caused by a flood.
Business Personal Property
Insurance Portland businesses rely on most of all is personal property insurance. This type of policy covers inventory, equipment, fixtures, and furniture that are on location. If the property is removed from the covered location, it may not be covered under the policy. For equipment that is frequently moved off property, a separate inland marine policy (equipment or installation floater) needs to be added on.
Business Income (Business Interruption Coverage)
This type of coverage is recommended for all businesses. It may be an overlooked policy business insurance Portland based coverage that is actually very recommended by Fullhart Insurance. Business Interruption coverage protects a business from financial loss due to physical damage from an event covered under the policy such as fire damage. It also covers the lost profits and continued fixed expenses for up to two weeks while the property is being restored.
Electronic Data Processing (EDP)
EDP coverage protects your business’ computer related equipment. This type of insurance Portland business owners can use to also cover computer networks, and loss due to data surges or virus attacks.
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