Commercial Property Insurance

This type of insurance can help protect your agribusiness against damage or loss to buildings, equipment, and other property caused by events such as fires, natural disasters, or theft.

Key Considerations

Careful attention should be given to valuing the potential Business Interruption because of a loss. Insured's should be made "whole" because of a loss, including extra expnses and lost revenues. Insurers are scrutinizing total insurable values as inflation has increased the cost to replace or repair the impacted asset. Asset valuations have driven unexpected premium increases on outadated replacement costs.

Mitigating Losses

Property owners should focus on pre & post loss mitigation to reduce the likelihood of a claim and the expenses associated when a claim happens.

Koru Korner

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