Steve White Insurance Group
Commercial Property Insurance in Texas
The Steve White Insurance Group offers high-quality Commercial Property Insurance to businesses in Texas. Get a quote today!
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Steve White Insurance Group
Learn more about Commercial Property Insurance
Steve White Insurance provides Commercial Property Insurance coverage to businesses in Texas.
What is commercial property insurance?
Owning a commercial building is no small investment, and neither is major equipment or extensive inventory. To help Texas businesses protect the assets that they invest in, there’s commercial property insurance.
Commercial property insurance offers coverage options for assets that businesses own. It may help protect buildings or other assets against fire, theft, vandalism, weather, or other perils.
When do Texas businesses need to have business property insurance?
Business property insurance is generally recommended anytime that a business invests in a significant asset. Most Texas businesses should consider some form of coverage.
When financing or leasing, lenders often require coverage for the financed asset. Businesses should base their coverage selection not just on lender requirements, however, but more so on their own risk mitigation needs.
What kinds of buildings do business property policies cover?
Business property policies are available for most buildings that businesses would own. It’s usually easy to find a policy for:
- Restaurant buildings and coffee houses
- Retail stores, malls, and strip malls
- Offices, workshops, and studios
- Warehouses, distribution centers, and garages
- Manufacturing facilities and agricultural buildings
- Hospitals, schools, and government buildings
- Multi-unit residential properties
- Most other commercial buildings
In certain situations, one of these policies might be used to insure undeveloped land.
What business property insurance coverages are available?
In order to protect different assets, business property policies can offer several distinct coverages. These may include:
- Building Coverage: Normally protects the main structure on an insured property. Might also extend coverage to additional structures on the property.
- Contents Coverage: Normally protects movable items located at the insured property, whether they are inside or outside a building. Might extend coverage to items like machinery, appliances, inventory, furniture, computers, and more.
- Exterior Signs Coverage: Normally protects freestanding outdoor signs that aren’t physically attached to the primary building. This coverage might not be required if building coverage already applies to detached signs.
- Tenant Improvements Coverage: Normally protects alterations and upgrades made by tenants in a leased commercial space. Might cover most aspects of a build-out.
Do property policies come with liability protections?
Typically, business property policies focus on insuring physical assets and don’t include liability coverage. Businesses often combine property and liability coverages, in a broader package policy, for more extensive protection.
Do business property insurance policies cover digital assets that businesses have?
Commercial property policies usually don’t cover digital assets. Policies are mainly for physical assets, such as buildings, equipment, and inventory. Cyber insurance policies may be better suited for protecting digital assets, like data and software.
Do business property insurance policies cover equipment and inventory off-site?
Any contents coverage in a business property policy generally applies to items only when they’re at the business premises. Coverage for off-site equipment usually requires additional protections, like inland marine or builders risk coverage.
Can businesses insure several locations with a single business property policy?
A single commercial property policy can often cover multiple business locations. An insurance agent specializing in business property can assist with finding a policy that’ll cover several different locations.
How much does insuring a commercial building cost?
The premium charged for insuring buildings varies as much as the buildings themselves do. Location, building size, construction type, and installed safety features are just some of the things insurance companies consider when calculating premiums.
Comparing quotes from different insurers can provide a clear idea of how much insuring a specific property will be. An independent insurance agent can request quotes from several insurance companies.
How can businesses with properties in Texas get commercial property insurance?
If you need help insuring a building or other property in Texas, reach out to the independent insurance agents at Steve White Insurance. We’ve worked with many businesses on insuring assets, and we’ll make sure you find commercial property insurance that protects your building, equipment, or inventory well.
Contact the Steve White Insurance Group today!
I trust Steve White with my insurance needs implicitly. I have no doubt he’s found the best rates and policy for my auto and RV insurance. He routinely researches the market and options, and proactively informs me of rate changes and better options that become available.
Steve has consistently provided me and my clients with a high level of professionalism and support. His expert advice has aided in the selection of providers and cost effective insurance solutions. I highly recommend him for insurance services.
Steve is a knowledgeable professional. I have been using him for over 5 years and he has saved me money and improved my home and auto coverage. When I have had claims, Steve has been there to help walk me through the process. Since Steve is independent, he is always look for better coverage at a better price. I highly recommend Steve White Insurance.
I was referred to Steve White from my real estate agent and he was absolutely excellent to work with. Steve is very knowledgeable about all forms of mortgage and auto insurance and he will give you his unbiased opinion about each available option. He was able to organize mortgage insurance quotes from several different companies in order to help us find the best coverage for our price range. I will definitely work with him again for any insurance needs!
Steve White with Steve White Insurance Group is wonderful! He is extremely knowledgeable and informative in all types of insurance for personal and business. I have him look at my policies and costs every year to make sure I am getting the best possible coverage for the least cost. He has always gone above and beyond to explain the differences in companies, coverage and what he personally would do if it was his family he was covering.
What I appreciate is he is always open and honest. If he can’t get you better coverage and a better rate he tells you! Because of claims I had with my current insurance company 5 years ago he hasn’t been able to get me a lower cost with the same coverage yet. He is very diligent with following up to see if he can get me a better deal the next year. This might be my year!
I would highly recommend Steve and the Steve White Insurance Group. He treats you like you are part of his family and I trust him to always be open, honest and to give me the best advice when it comes to all things insurance.
Steve White is incredibly easy to work with and will not stop at any hurdle to find a good fit for your insurance needs. He is personable and friendly, but also professional and respectful. I was very pleased with my experience with Steve and would definitely recommend him to anyone looking for insurance.