Nixon & Lindstrom

(417) 881-6623

Commercial Property Insurance in Springfield, MO

Do I need commercial property insurance?

If your business or not-for-profit organization owns or leases real estate that could be damaged or destroyed, you should have commercial property insurance that also covers valuable business personal property such as equipment, furniture and fixtures on the premises.

Whether your property is damaged or lost to vandalism, theft, accidental damage or a natural disaster like a flood, fire, tornado or earthquake, a commercial property policy covers the cost of repairing or replacing items vital to your operation.

Commercial property insurance can easily be bundled with other types of business insurance. You never know what the future holds, but it’s best to expect the unexpected. Protecting your property against all manner of mishaps and misfortune is a must—even for home-based businesses.

Contact a Nixon & Lindstrom agent today to request a quote. For over 50 years, we’ve assisted businesses throughout Springfield and Southwest Missouri find affordable commercial property insurance and business personal property insurance that works for them.

Types of assets covered by commercial property insurance
  • Buildings

  • Signs

  • Furniture

  • Computers & electronics

  • Equipment

  • Inventory

  • Company records & documents

  • Fencing & landscaping

What risk factors figure into commercial property coverage?
  • Location – The cost of your commercial property policy is heavily dependent on where your real estate is located. Areas prone to natural disasters, as well as those with high crime or inadequate fire protection, mean higher risk—and typically more expensive policies.

  • Construction – If you’re looking to insure a building, the construction materials used will influence your policy. Structures made with more flammable materials will result in higher premiums, while those designed to be fire-resistant will yield discounts.

  • Occupancy – Who occupies the building and how it’s generally used also factors into the specifics of your commercial property policy. What types of tenants and activities are on site? Are any of them potentially hazardous? If so, your premiums could be higher.

  • Exposure – The area surrounding your property is nearly as important as the building itself. Nearby hazards or threats could drive up the cost of your commercial property policy. Flood zones, forested areas susceptible to wildfires and neighboring buildings with dangerous chemicals or processes could translate to higher exposure.

  • Protection – What sort of preventive measures or safeguards do you have in place to protect your commercial property against devastating accidents or disasters? Security systems, fire alarms, sprinklers and other precautions can lead to sizable policy discounts.

How much does commercial property insurance cost?

As you can see, there’s a wide variety of variables that figure into the cost of a commercial property policy. Nixon & Lindstrom has decades of experience pricing commercial property insurance and helping companies throughout Springfield and Southwest Missouri determine the right coverage limit and deductible for their needs. Whether you need a policy for a small business with limited assets or a large company that owns multiple buildings, our agents can assist.

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