We protect your building,
business contents and ensure values are properly addressed
Let us improve your risk profile, develop solutions that fit your operation.
Commercial Property Insurance
Eight decades of serving the business communities of New Mexico has provided us at Daniels Insurance Agency with the experience to place the right coverage for our clients. We’ll negotiate on your behalf with top-tier, financially strong insurance companies to secure superior property insurance, coverage terms, and enhancements tailored to your industry and specific operational needs. Our goal is to provide you with peace of mind so that if and when a disaster strikes, your insurance program is ready to respond and you get back to business.
What to Look for in Property Insurance
There are several critical considerations to review when evaluating your Property insurance:
How much is the right amount of coverage:
You need to have a sufficient amount of insurance to rebuild physical structures or replace interior contents in case of fire, theft, or other covered events. We will work with you to fully value everything that needs to be replaced if it were destroyed. This is critical in today’s high inflationary environment. If your property is undervalued and you have a loss, the cost to rebuild may exceed your insurance coverage.
Evaluate coverage for compliance.
Typically, policies do not include the expenses to repair or rebuild a damaged structure to meet local building ordinances or codes. Older buildings are often grandfathered in as existing structures; however, these buildings do not always comply with local codes. Should a covered natural disaster
or event occur, the standard Property insurance policy would
not be required to upgrade to code specifications. Purchasing compliance or ordinance insurance either as an endorsement or separately would provide you with coverage.
Consider excluded or additional types of Property insurance.
Your Commercial Property insurance will cover specific events as listed in the policy. But there are also events not typically covered such as flooding, which requires
a separate policy.
Business Interruption insurance
In addition, in the event of a covered property loss, loss
of revenue is not included in a standard Property policy.
You need Business Interruption insurance, which will pay expenses if your firm is closed for repair or rebuilding due to a covered or insured event. This insurance can be added by endorsing standard Property policies or issued as a separate policy. Again, this depends on your specific needs.
Our staff at Daniels Insurance Agency will evaluate your property values, coverage amounts on your building and business personal property (inventory, furniture, equipment, etc.), your deductibles and coinsurance values, and how the insurance is applied. We’ll look at whether your Property insurance includes valuable papers and records, adequate debris removal, increased cost of construction, contents and improvements and better amounts, equipment coverage, and other necessary protection.
Daniels Insurance Agency: Your Trusted Risk Advisor
Founded in 1937, Daniels Insurance Agency has three locations throughout New Mexico and is licensed in every state to serve not only our local region but also clients with a national footprint. As an Assurex Global partner, we are among the world’s most prominent independent agents and brokers. We’re also a member of the Independent Agents & Brokers of America, a national alliance of business owners and their employees who offer a wide range of insurance and financial services products.
Our staff of 42 employees throughout our three locations is ready to provide you with the white-glove service you should expect from your insurance consultant. In fact, you’ll always reach someone at Daniels Insurance Agency. You can depend on that.
Give us a call at 800-530 8885 to find out how we can work together.
