Business Property

What’s Typically Covered

Commercial property insurance is first-party coverage that provides protection for the owner or user of property for its loss, or the loss of its income producing ability, when the loss or damage is a covered peril. Covered perils can include weather-related events, building explosion, civil commotion, equipment breakdown, or damage caused by vehicles, aircraft and vandalism. Commercial property insurance covers two types of property losses. The first type would be direct loss which covers property that is lost, stolen, damaged or destroyed by a covered peril. The second type is indirect or consequential loss which is a loss of income or an increase of expenses as result of being unable to use business property or equipment.

Just as important as assessing the types of insurance that you need to obtain to protect yourself and your business, is accurately assessing how much commercial property insurance you need. The amount of coverage you will need depends on factors such as the type of property, the value of the property, its’ location and in some cases the limits required by your lender.

We offer insurance packages that are tailored for different types of businesses. Whether it is insurance for your building, business property, equipment, inventory or loss of income, we offer products and services to protect your business. 

TSL Insurance Group has offices located throughout Louisiana in Lafayette, Baton Rouge, Franklin, Abbeville, and Lutcher to serve you. Our team of experienced insurance professionals is ready to assess your risks, provide guidance, and deliver comprehensive insurance solutions to safeguard your business assets and future. Get in touch with us to receive a free business property insurance quote!