Thursday, August 16, 2012

The Fundamentals of Commercial Insurance - Real Estate Info

Commercial real estate properties face issues which may be addressed through the appropriate commercial real estate insurance policies. Office buildings, retail outlets, and industrial warehouses have dangers which are unique to their property types. Your insurance carrier may offer personalized policies made for your exact industry. Certain endorsements might be added to your package to incorporate coverage for crime, loss of rent, earth movement, water damage, boiler and machinery, newly acquired premises, tenant relocation, occupant replacement, crisis event management, and unintentional errors and omissions.

Commercial insurance in Illinois applies to properties like warehouses, retail shopping centers, manufacturers, industrial parks, office buildings, distribution centers, and self storage buildings. Environmental insurance might be needed for older commercial properties which could have lead paint, asbestos, and other pollutants and health hazards.

Multiple coverage types could be bundled to customize a policy for your particular property and industry and to maybe save on premium costs. Your carrier may recommend loss prevention specialists to counsel you on steps to take to avoid situations which may lead to the filing of a claim, and to make your commercial property safe and secure. Consult with your commercial insurance in Illinois agent for tips on making your property safer and slashing your premiums.

Tags: commercial insurance, commercial insurance in Illinois, commercial real estate properties, Illinois, insurance, loss prevention, Real Estate

Source: http://www.geraldfordmemorial.com/2012/08/the-fundamentals-of-commercial-insurance/

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