Commercial property insurance helps businesses pay to repair or replace buildings, associated structures, and contents that are damaged or lost due to fire, storms, theft, and other events outlined in the policy. This coverage can be purchased on either a "replacement cost" or "actual cash value" basis, or a combination of both. "Replacement cost" coverage will pay to replace your property with new property of like kind and quality, up to the policy's dollar limit. An "actual cash value" policy will pay the replacement value of the property minus depreciation due to age and normal wear and tear.

There are also many endorsements you may add to your commercial property insurance policy, such as business income coverage, which pays for actual or projected loss of income if a claim covered under the policy prevents normal business operations. Extra expense coverage, which pays any additional costs to expedite resumption of your operations after a covered loss, may also be purchased and endorsed on to your Commercial Property policy. There are also many coverages which may be added to your policy to expand your coverage in the event of a loss.

Contact a representative from Indianhead, Dowd-Reliance, or County Line today for more information on Commercial property insurance offered in Northwestern Wisconsin.