Are property insurance and commercial insurance the same thing?

If you have questions about how best to protect your Portland, OR area business, get in touch with Choice One Insurance, Inc. We are the commercial insurance specialists who are proud to serve our area. Contact our office today to schedule a consultation. We welcome the opportunity to work with you.

Are property insurance and commercial insurance the same thing?

Typically, commercial property insurance covers most risks like damage due to fire, theft, and natural disasters. The coverage is provided for building structures and equipment. This is a separate type of insurance from that provided by general liability policies. In most cases, companies will carry both of these types of insurance policies and possibly others too.

So, like so many other questions relating to insurance, the answer is a qualified yes. Basically, the two names are interchangeable, with most people saying commercial insurance or property insurance when they mean the same thing. Technically, commercial insurance can refer to many other types of coverage in addition to the property policies that are the most common. 

When it comes to protecting a business or commercial venture, having the right insurance in place is the priority. Specialized coverage needs often call for specialized policies. It is also important to remember that it is highly unlikely to obtain all of the necessary insurance protection a company needs through just one commercial insurance policy.  

Schedule an insurance consultation for your firm today

Choice One Insurance, Inc. is here for business owners and operators in the greater Portland, OR area. When you need your commercial insurance questions answered, we are here for you. Give our office a call today and set up an appointment to discuss the commercial insurance solutions that are available in our area.