Commercial property & casualty insurance is a combination of two types of insurance that address some of the biggest risks for your business. Property insurance protects your business assets, building, business, personal property and property in your care from loss or damage. It covers many causes of loss including fire, theft, accidents and other disasters. Casualty or Liability insurance protects you from legal claims stemming from accidents that occur on your property or from your business operations. Coverage includes bodily injury and property damage liability losses.
Often sold together as a package policy, property & casualty insurance can help protect your organization and give you peace of mind. For further security, Gunn-Mowery can help to find the right fit for you. Our independent agents listen to your needs, understands your industry and works with your individual parameters to help find you the right insurance coverage.
What Is Commercial Property Insurance?
Many businesses need commercial property and casualty insurance, but these types of coverage are different.
Commercial property insurance covers the loss of business property due to theft, fire or other covered reasons. This coverage can protect you from the loss of the property and may allow you to replace or repair the property which has been stolen or lost. Insurance can also protect you against the loss of income from the property, so you can recover financially in case a fire or other incident forces your business to close, leading to revenue loss.
Commercial property coverage can also help with the additional expenses related to expanding your business or to the loss of property, such as the cost of renting a new property to replace the damaged assets. This type of policy can cover marine property, machinery, offices, manufacturing property and other commercial property.
What Is Commercial Casualty Insurance?
Commercial casualty insurance — whether you purchase it alone or more commonly as part of property casualty insurance coverage — consists of various types of coverage.
Commercial casualty insurance for a business can include liability coverage, which protects a company in the event of a lawsuit. It can also include other coverage for third-party losses, as well as commercial car insurance, aviation insurance and other insurance products.
When considering commercial property and casualty insurance, you may wish to consider which types of coverage you need. All businesses interact with other entities and individuals and thus face liability risks and need liability insurance. Also, your state may require you to have workers’ compensation and other forms of coverage that commercial p&c insurance can include.
The Upside of Commercial Property & Casualty Insurance in Central PA
Our team strives to understand your needs and works with you to find the right coverage at the right price point. We eliminate the guesswork by helping you understand the insurance you need. We present you with options for your specific industry, location and requirements. We bring you a variety of options from different insurance providers.
Gunn-Mowery represents a full range of insurance carriers, all with different appetites and we work hard to develop strong relationships with those insurance companies—so you don’t have to spend your business time on these tasks.
Our agents are available to answer any questions and if you ever need to make a claim, we can work with the insurance company so you don’t have to. That’s the Upside of working with Gunn-Mowery. That’s the Upside of Insurance.
Getting the Right Insurance
Whether you already have property and casualty coverage and it’s been a while since you’ve updated your insurance or you are a new business seeking this type of insurance for the first time, contact Gunn-Mowery for a free quote or with any questions. Getting the right coverage for two of the largest risks for your business is an important step in protecting yourself.
The experts at Gunn Mowery will help you find the proper insurance coverage to protect your assets. We listen to your needs and ask the right questions to help you keep your business protected.