Business Property

Property insurance coverage pays for direct physical loss or damage to certain types of property. Protecting the real and business personal property assets of a firm are critical to its ongoing operations. Regardless of the size of the firm, tangible property can represent a large portion of its total assets.

Real property can include buildings, permanent structures and permanently installed equipment. Business Personal Property can include furniture and fixtures, machinery and equipment, stock and improvements and betterments.

Inland Marine policies are used to cover a variety of insurance exposures not typically covered under standard business property policies. Goods that move from place to place, buildings under construction, inventories of special items (like jewelry, furs and art) are likely to be insured under an Inland Marine Policy. For international trade, Ocean Cargo Insurance gives buyers and sellers the security to send goods to or receive goods from foreign markets and enables banks and other financial institutions to finance these transactions.

Ocean Cargo can also include international shipments that do not actually move by ship or barge. Air shipments to and from foreign destinations can be covered under Ocean Cargo policies. Policies can be written to cover the cost of the goods, shipping, insurance and often the loss of profit on damaged goods.