Commercial Property Insurance Bloomington, IL
If you're a business owner in Bloomington-Normal or McLean County, you need to preserve your assets. Not the least of these is your office or storefront. Our company was founded on helping local business owners ensure every aspect of their life is cared for, so we start with commercial lines of insurance.
Commercial Property Policies
The Mid-America Advantage - Your Local Independent Insurance Agents
You never have to worry about finding the best policy with us. Our agents at Mid-America shop leading insurance providers on your behalf. As an independent agent, we're able to leverage the best policy for your situation and have an attention to detail rather than a quota to sell a certain product or add-on.
More About Property Insurance for Businesses in Bloomington
Commercial property insurance is required for many tenants of commercial spaces, and it's a wise investment for small businesses especially. When your primary concern is your bottom line, you need to prepare to mitigate any damages or claims by being fully insured.
Read here the essentials of what to know with a property policy from Mid-America Insurance Services, Inc. Our agents operate out of both Bloomington and Pontiac, Illinois. For commercial property policies, you'll likely work with owner H.E. Gray (left) or Steve Tello (right).
What to Know about Commercial Property Insurance
1) The Cost of your policy is first based on your business assets
When it comes to determining your premium, each insurer primarily evaluates all of your assets on-site as well as a valuation of your business altogether. Your premium is calculated in large part by your financial standing, reviewing expenses against revenue.
Other factors considered: building type, location, and use/function.
2) Your building and its contents are covered
Typically covered in a property policy is the structure of the building itself, its fixtures, machines, equipment, inventory, supplies, and furniture. Most contents are covered, and we're happy to clarify this in person.
Also, note that you are liable for any possessions under your care (such as personal belongings). A property policy covers these in the case of a claim as well.
3) Certain causes of damage are covered, others are not
Like personal property insurance, certain natural disasters are covered while others are not. These require you get additional, optional coverage, often as another policy. Typically included under a commercial policy are:
- Theft & Burglary
Other natural disasters such as earthquakes and flooding are not covered under every policy. Check with us on these details!
Now that you've had your crash course in commercial property insurance policies, get more information about a quote here: