Property insurance is a first party coverage that protects your physical assets against loss.  This may include your building, your personal/business property and your equipment.  It can also cover other exposures like theft of money and securities, mechanical equipment breakdown and computer systems.

If you have a loss that prevents your business from opening its doors, Business Income Coverage is another property coverage that covers the income that you would have earned if a loss did not occur. This will allow you to continue to pay your payroll and fixed expenses even when you can’t operate due to a covered loss.

In addition, Property Insurance can be written in a number of ways that is advantageous to FEC owners and operators.  Coverage can be written on a replacement cost or an agreed amount basis.  What this means is that you will know exactly what you are entitled to up front if there is a loss.  This is very important because it will ultimately determine how quickly and easily you will be back up and running after a significant loss.  We know that timing can be critical in many FEC businesses, so the right coverage will make the difference between shutting your doors for a few days or forever.

If you would like additional information regarding the Property Insurance Coverage provided by the FECSA Insurance program, please contact us.

Property coverage is provided from Employer’s Fire Insurance Company.

View the AM Best Rating Summary for Employer’s Fire Insurance Company