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Retcho Agency Inc

308 Harrington Ave,
Closter, NJ 07624

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Will my commercial insurance policy pay for the repair of the burst pipes at my place of business?

Business owners who want legal protection and protection for their assets and employees can benefit from commercial insurance. Commercial insurance provides a wide variety of protection for business owners, ranging from liability coverage to property coverage, and more. Our Closter, NJ team at Retcho Agency wants to help business owners understand how commercial insurance can help them.

What is Commercial Insurance?

Commercial insurance provides both protection and coverage for business owners and their businesses. This type of insurance can pay for the repair of your office building or business property. It also provides coverage for theft, auto accidents, lawsuits, and natural disasters. This insurance will pay for damage caused by fires, storms, and other events. Commercial insurance provides various types of coverage that fall under a commercial policy. Many business owners choose to invest in liability and property coverage. Commercial auto insurance is available if vehicles are used for business. Commercial insurance provides coverage for:

  • Property
  • Liability 
  • Commercial auto insurance
  • Crime 
  • Other optional insurance

Will Commercial Insurance Pay to Repair the Damage Caused by Burst Pipes?

Yes. Commercial insurance pays for damage to your place of business caused by water damage, including damage caused by leaks and burst pipes. This protection is available to policyholders for business equipment and rented or owned office space. Water damage is covered by a commercial insurance policy, but not if it’s caused by flooding. You’d need to purchase a flood insurance policy. However, some insurance companies might offer flood coverage as an additional add-on or extension to your commercial insurance policy.

Contact Us Today

If you have questions about commercial insurance, call us at Retcho Agency in Closter, NJ. We’d be happy to help you explore the benefits flood insurance can offer.

Partner Carriers

  • Chubb
  • Franklin Mutual
  • KBIC
  • Liberty Mutual
  • N&D Group
  • Neptune Flood Insurance
  • Pacific Specialty
  • Plymouth Rock/Palisades safety and insurance
  • Progressive
  • Safeco
  • Shelter Point
  • The Hartford
  • Travelers
  • Wright National Flood Insurance