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Commercial Real Estate Insurance

Commercial real estate insurance protects you from losses caused by damage to property assets. Most businesses are vulnerable to the same threats as every other building—fire, flooding, vandalism, or even being struck by a vehicle that goes out of control. Many of these problems are something that cannot be reasonably prevented, making them eligible for coverage that can help repair the building or allow your company to move to a new location.

Commercial Real Estate Insurance Features

As the owner of a business, you know how difficult it is to run a smooth operation. The last thing you need is a disaster that damages your workplace so badly that you can no longer continue operating. Commercial real estate insurance makes the crisis something you can handle. Before you start shopping, though, here are a few things to keep in mind:

  • The first thing you should do is take stock of the company's physical assets. This includes your building, any paper records, inventory, office equipment, signs located outside, and anything else that qualifies as a physical asset.
  • You may not need to insure everything the business owns. If you decide something is not worth insuring, removing it from your policy could lower your monthly premiums and make it easier to insure what truly matters.
  • Most policies cover either the replacement cost (RC) or the actual cash value (ACV) of the insured items. Policies that include replacement cost are more expensive, but allow for full replacement without calculating any depreciation. Actual cash value policies consider the loss of value over time, and factor this difference in to any claims on the policy.

If you're not sure which policy options make the most sense for your company, ask one of our agents for more information and they'll help you make a decision.

Our Location

First Community Insurance and Annuity Center

731 Larry Power Rd
Bourbonnais, IL 60914
Main office: 815-410-9003
Toll free: 866-937-5533
Fax: 815-937-8571

Our Providers

Testimonials

It's not always about the price, sometimes it is simply having the right coverage. With First Community Insurance I never worry whether I'm covered or not.
K.Smith - Culvers Franchise
Doug and his team handle the hard stuff immediately. The impossible takes a week or two.
T. Garcia - Small Business Owner
I don't worry about my retirement anymore. Doug set me up on autopilot income with above average returns and no risk... very happy.
M. Lucas - Semi-Pro Golfer
We wont go anywhere else.
R.Steinke and J.Piekarczyk