First in Protecting, Your Property.
We help our real estate and property management clients design cost-effective, layered property programs that meet their specific needs. Our experts provide lease and contract review services to help clients make informed decisions and contractually transfer exposures to loss.
We are proud to provide our clients with extremely quick turnaround for certificates and evidence of insurance on large, complex property schedules. In addition, proactive, hands-on claim advocacy is critical for property managers, and our claims advocates deliver the hands-on service necessary for cost effective claims management.
A standard commercial property policy comes loaded with coverage’s for:
- buildings, including additions under construction, permanently installed machinery and building glass
- business personal property
- leased business personal property used in your business
- property of others left in your care for which you are legally liable
- sales samples
Your business personal property doesn’t stay in one place, and neither does your coverage. Your property policy covers your business personal property while in transit, at trade shows or temporarily at locations you don’t own or lease.
After a covered loss, your policy could pay for the extra costs of:
- removing debris of covered property from your premises
- cleaning up pollutants from land and water on your premises
- taking inventory and preparing claims statements
- securing appraisals
- recharging fire extinguishers
- complying with ordinances or laws when rebuilding or repairing your building
If your business is a large operation (high values, multiple locations or business personal property that frequently moves between those locations), we have solutions specifically for you. First Underwriters property experts combine property coverages (your buildings and business personal property) with inland marine coverage (your computers, tools, valuable papers and fine arts). Combining both kinds of property into the same form simplifies determining the value of lost property and the amount you can recover after a loss, reducing the chances of coverage gaps. A total blanket limit of insurance, which you determine, applies to all locations where you conduct operations.
A property loss can slow down or even stop your operation until repairs are made – and that may mean lost income. You receive several business income coverages that can reimburse your loss of income and necessary extra expenses you incur to keep your business operating after a covered loss.