Commercial property insurancePersonalizing your Property Insurance Policy
Nationwide understands that need commercial property insurance that suits the needs of your business. That's why we offer a wide variety of property insurance options that give you the flexibility to protect your business.
Here are some common types of coverage.
Builders risk
Protects buildings under construction, covered by the "value completed" by the total value of the finished building.Ordinance and law for buildings You pay for the cost of repair or replacement of damaged or destroyed property in order to comply with existing specifications codes and local building ordinances.
Company revenue
Cover loss of income of a company resulting from damage or destruction of property and normally covers reimbursement for payroll, rental income and other expenses.
earthquakes
It damaged covers earthquakes or volcanic eruptions property and is usually subject to a system based on a percentage of property value deductible.
Breakdown equipment
It provides coverage for damage caused by explosions, breakdowns and arcing in electrical and mechanical equipment.
Flood insurance
It provides coverage for losses in buildings and their contents as a result of flooding, which is usually backed by the National Flood Insurance Program sponsored by the government.
Inflation Protection
It provides a percentage adjustment to the value of the property after a loss, which takes into account the increase in construction costs due to inflation and generally sets a percentage based on the inflation rate in a given area.
Direct damage to public services
It offers coverage for losses incurred due to the failure of public services such as a power failure, rupture of an aqueduct or interruption of transmission of natural gas.
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