Business owners in the Milwaukee, WI region are not mandated by law to purchase commercial property insurance, though many choose to do so to protect against financial loss. The only required insurances are workers’ compensation and commercial automobile insurance.
Depending on the industry you work in, you may have machinery that is necessary to produce the items or services you provide. It’s important to estimate the value of replacing this equipment on top of any lost income that could result in the event of a catastrophe. Inventory is another important class of goods you may wish to keep insured.
It’s important to remember that commercial property insurance also insures the contents within the four walls of a building if you rent or lease. Many landlords will require you to obtain this type of indemnification in their contract, as their insurance will not protect your possessions but only the edifice itself. Be sure to let your Dern & Company insurance representative answer these and any other specific questions you may have about property insurance.
Your products can be subject to theft, as well as your machinery or the components you keep on hand, and vandalism can damage items, as can fires due to faulty wiring or arson. Smoke damage can devastate your wares, rendering you unable to sell them due to residual odor, and water from sprinkler systems can further ruin your tools and goods.
Natural disasters can also affect your stock, including hail, heavy rain, tornadoes, and hurricanes. Lightning is another hazard that can damage electronics by overloading the power grid and surging through outlets.
Let Us Help
Dern & Company exists to help Milwaukee, WI residents with their insurance needs. Let us be of assistance to you by reaching out via telephone, the internet, or visiting the office.