Factors Assessed in a Commercial Property Insurance
- Property Value
- Construction: What material is a structure built from, and how will that material affect its susceptibility to damage?
- Age of Building
- Square Footage
- Occupancy: How is a building used?
- Safety Measures: Are sprinklers or security systems installed?
- Policy limits, deductibles, and other coverage options
A Bundle for Small Organizations
Commercial property insurance most often comes as a standalone policy. However, many smaller healthcare practices may choose to get a Business Owner’s Policy (BOP), a combination of property, general liability, and business income insurance.
The Chivaroli Property Insurance Difference
An essential component of a well-designed property insurance program is the insurer’s timely response in a claim situation. Most major losses are catastrophic and could completely shut down the functionality of your organization. Concerning the healthcare industry, the demand and need for patient care are severely elevated following natural disasters, and the facility and community cannot afford operation disruptions. Chivaroli & Associates employ in-house property analysts and claims handlers that will quickly engage the insurer in a loss situation and work to resolve all issues promptly.
Given the myriad of programs available in the marketplace, Chivaroli & Associates will continuously assess and analyze your facility’s current values and operations to ensure that you are adequately insured. Additionally, we will help evaluate that the proper loss control and risk management measures are employed. Our experts will accompany insurance carrier representatives during site visits and inspections.