Iowa Commercial Property Insurance

Widespread Protection

Widespread Protection

When theft, fire or another kind of disaster strikes, you need protection that you can only get with Commercial Property Insurance. Knapp Tedesco Insurance offers complete protection for commercial property and your business.

Business Property Insurance will help you make certain the property that is owned or leased by your company is adequately protected. This includes coverage for everything from inventory and equipment to fixtures and furnishings.

In addition, we are able to make sure you have the coverage you need for personal property such as media, computer equipment and valuable records. You even have the option to receive compensation for income that is lost when your operations are halted by a covered loss.

Luckily,  a great commercial property insurance policy will help you weather the loss of vital property. With this policy, you will be protected for the replacement cost of all of your vital property.

Custom Coverage For Your Business

At Knapp Tedesco Insurance, we know that there are no two businesses that are exactly the same. That is why we offer the most flexible coverage options available. We will work with you to understand the unique needs of your particular business and customize a Commercial Property Insurance policy to meet those specific needs. In addition, we are forward-thinking and will make sure your coverage is adequate now and as your business evolves.

More importantly, when you purchase your Business Insurance coverage through us, you can rest assured that you are getting the most comprehensive and cost-effective coverage available. Building a successful business depends on a solid bottom line. We make certain that you are getting the best coverage at a competitive price

We make every effort to keep insurance costs low while protecting what matters most to you.

Our business commercial property insurance can protect your business – from a minor setback to catastrophic loss. Even if you don’t own your building, lease a workspace, or work from home, business property insurance protects your business’ physical assets, no matter where they are.

While commercial property insurance plans vary depending on the kind of business and type of property insured, they are usually categorized by the type of event leading to a loss, and by what specifically is insured, including:

  • Destruction of your building and its contents by fire.
  • Damage to your documents caused by a burst water pipe.
  • Outdoor sign or other property damaged in a storm.

What business property insurance covers

Commercial Property coverage is necessary to cover the cost of repairing and replacing buildings and other business property when it is damaged or destroyed by an event covered by your policy. Your business will be covered whether the property is leased, owned or rented by your company.

It is important that you understand the three different types of Iowa Business Property Insurance coverage, including basic, broad and special. Your agent will explain the coverage options that are available for each specific risk your company may face from increment weather, fire, theft and other incidents. We will also inform you if you need to purchase additional or specialized coverage to make sure that your business is completely safeguarded

A basic policy will typically cover the most common risks, while a broader policy will cover additional circumstances, such as winter weather damage, water damage and structural collapse. Special coverage types that you may need to consider include flood damage, earthquake damage and terrorism depending on the type of business you operate.

If you do not know the exact coverage type that you need, do not worry. The agents here at Knapp Tedesco Insurance will take the time to get to know you and understand your business. Then, we will be able to provide you with a policy that contains all of the coverage options that you need to make sure your business property is safe.

Small business property insurance is one of the easiest ways to ensure the future of your business. Here are some of the important aspects that commercial property insurance helps protect:

  • Your building
  • Your outdoor sign
  • Your furniture and equipment
  • Your inventory
  • Your fence and landscaping
  • Other’s property

The professionals at our firm understand your business is unique. That’s why we take the time to help craft a commercial building insurance policy to fit your unique needs, offering a wide range of options that give you both flexibility and protection, at a price your business can afford.

Common types of coverage may also include:

  • Completed value coverage
  • Updated building codes
  • Loss of business income
  • Equipment breakdown coverage
  • Flood insurance
  • Utility services failure or damage
  • Inflation allowance

Actual Value And Replacement Costs

A Business Property Insurance policy will typically provide you with the option of actual cash value or the replacement cost when your property is damaged or destroyed. In some cases, you may be able to have both.

When you choose replacement cost coverage, your policy will payout an amount that is based on the current cost of construction. Replacement cost is not the same as market value and will not take into account the land value.

With actual cash value coverage, your policy will payout for the repair or replacement of your business property, taking depreciation value into account. Over time, the value of property decreased due to age and regular wear. This type of coverage may not be sufficient if you need to rebuild your business property completely.

Fortunately, you do not have to make the decision on your own. We are skilled professionals in the insurance industry. This means that we are able to evaluate our customer needs and help them make a more informed decision when purchasing coverage.

The cost to repair or replace your damaged commercial property can be immense. In fact, such damage and destruction could totally drain your finances forcing you to close your doors.

Protect your business that you have worked so hard to build. Take a few moments to submit the quick, no-risk quote form. Insure your business and property today.