Covering your business facility with commercial building insurance is essential to protecting your company. This type of insurance functions similarly to homeowner insurance, though it is designed specifically for commercial properties, like offices, warehouses, factories, industrial plants, storefronts, and the like. Here's a closer look at what is typically included in a commercial property insurance policy in Illinois. 

Liability Coverage 

This is one of the most important aspects of commercial coverage, as it protects you in the event that a customer, supplier, business partner, or other guest is injured while on your property. Without this coverage in place, they could sue you to cover their medical expenses, which could seriously harm your business, depending on the extent of their injuries. It is best not to skimp on this aspect of coverage, as any lawsuits could quickly escalate in cost. 

Property Coverage 

This coverage aspect applies to the structure of the building itself. If your facility is damaged due to a natural disaster, break-in, or other emergency, this part of your policy can help to cover the repair costs to get your facility back up and running again. You can also include coverage for business equipment and machinery in case of damage or theft. Depending on the details of your policy, you may also be able to cover other commercial property items, like office furnishings, computers, and other necessities. 

Tailoring Your Policy to Your Business 

Every Illinois business is unique, and your commercial property insurance policy should reflect that. At The Lesser Agency, we'll work closely with your organization to determine exactly which coverage types you are most likely to need. We can then develop a customized policy that will meet your needs while also staying within your budget. Commercial insurance is meant to protect your company's bottom line, not harm it, so we'll do everything in our power to keep your rates as affordable as possible. Call us at 847-675-3111 today to learn more about our commercial property insurance coverage options in Illinois. 

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