Commercial Property Insurance 

Property insurance protects your physical assets such as your building, stock, equipment and computers against loss due to such things as fire, theft or vandalism and other insured perils. Coverage also extends to property in transit and business interruption coverage. We recommend you will want to make sure you get at minimum, All Risks, Replacement Cost Coverage that includes Flood, Earthquake & Sewer Back Up.

Business Interruption Insurance

Business Interruption Insurance covers the loss of incomes that you suffer after a disaster or covered risk. Lost income can be due to the disaster itself or the related business closure for repair and replacement. For example, your business premise has a catastrophic fire. The building is damaged, product is lost and you are unable to fulfill business orders or conduct business while the building is repaired. Business Interruption Insurance protects the earning ability of your company under such circumstance.

We are able to provide different types of business interruption coverage - to suit every type of business. They include insurance based on profits, actual loss sustained or gross earnings. We will also arrange coverage for the additional costs of professional fees which are needed to establish the amount loss should a claim have to be made. We can also look into extensions of coverage to include interruption due to loss of power, as well as interruption resulting from damage which occurs at your suppliers’ or customers’ premises which in turn affect your business operations. This extension of coverage is Contingent Business Interruption Insurance.

Mechanical Breakdown

Mechanical breakdown insurance covers sudden and accidental, physical damage to equipment that requires repair or replacement. It used to be called Boiler and Machinery coverage. This coverage is for equipment in the following categories: Electrical, Air Conditioning and Refrigeration, Boiler and Pressure Vessel, Computer and Communications, Mechanical, Renewable and Alternative Energy, and Production Systems.

This is a key companion coverage to any commercial property insurance as it provides protection for equipment failure which in turn can cause business interruption of products and services. No policy should be without this coverage as it plugs some big gaps in coverage of the standard policy wordings and is very inexpensive.

Crime Insurance

Another area often overlooked is Crime Insurance. It is extremely inexpensive and has proved to be very valuable come claim time for robbery, burglary and other forms of theft including employee fraud and theft which is unfortunately on the rise. You may have heard it referred to as "fidelity insurance".

Let us review your insurance needs! Contact a Hubbard Commercial Insurance Advisor
better@hubbardinsurance.com where you’ll be “Well Advised. Well Protected^TM.”

Insurance Industry Coverage to Consider

GENERAL BUSINESS INSURANCE

Protect your business property and assets as well as your reputation from lawsuits, accidents and more.

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INFORMATION TECHNOLOGY INSURANCE

Coverage for special risks and strict regulations - disclaimers, copyrights, confidentiality, e-commerce financial exposures. We have the safeguard you need.

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GROUP BENEFITS & LIFE INSURANCE

Coverage for health care, dental care, short term or long term disability, life insurance for any size businesses operation.

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