Services & Offerings
Commercial Insurance


Commercial Property Insurance
Payne Insurance Services offers many types of commercial property insurance.  Property insurance pays for losses and damages to real or personal property. For example, a property insurance policy would cover fire damage to your office space. You can purchase additional coverages for business property, including:

  • Boiler and Machinery Insurance
    Boiler and machinery insurance, sometimes referred to as "equipment breakdown" or "mechanical breakdown coverage," provides coverage for the accidental breakdown of boilers, machinery, and equipment. This type of coverage usually will reimburse you for property damage and business interruption losses. For example, this coverage would cover fire damage to computers.

  • Debris Removal Insurance
    Debris removal insurance covers the cost of removing debris after a fire, flood, windstorm, etc. For example, a fire burns your building to the ground. Before you can start rebuilding, the remains of the old building have to be removed. Your property insurance will cover the costs of rebuilding, but not of removing the debris.

  • Builder's Risk Insurance
    Builder's risk insurance covers buildings while they are being constructed. For example, a Builder's risk policy would cover losses if a windstorm takes down your partially constructed condominium complex.

  • Glass Insurance
    Glass insurance covers broken store windows and plate glass windows.

  • Inland Marine Insurance
    Inland marine insurance covers property in transit and other people's property on your premises. For example, this insurance would cover fire-damage to customers' clothing from a fire at your dry cleaning business.

  • Flood Insurance
    This coverage is not available on a standard commercial property policy. Flood insurance is written on a separate policy and covers damage to your business due to rising water.

Please contact us for more information or to get a quote today.

 

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