Goodrich & Watson:

Keeping Your Business Property Well Protected

Goodrich & Watson provides businesses located throughout Virginia, including in Richmond, Hampton, Newport News, Poquoson, York County, Williamsburg, James City County, Smithfield, Norfolk, Virginia Beach, Portsmouth, Chesapeake, Suffolk and Gloucester, with comprehensive Commercial Property insurance. We partner with several industry-leading insurance companies to provide coverage to all sizes of business across all industries.

Commercial Property insurance in Virginia covers the physical assets of your business from fire, storm damage, accidents, malicious actions, theft, and other risks as well. This includes your building, its contents, and some outdoor property associated with your business.

The Need for Replacement Cost

According to industry studies, 75% of commercial buildings are underinsured. To obtain the proper coverage, we recommend determining the average estimated cost to rebuild the building after a total loss. That estimate will improve your ability to evaluate the risk and protect your property with more appropriate policy limits.

Reviewing Your Property is Key in Determining Insurance

We can customize your policy to address the specific requirements of your business. We will review your risks and current insurance program and help you determine if you can combine your Property insurance with other coverages in a package policy. If you need additional insurance for risks that go beyond the scope of a standard Commercial Property policy, we can assist you with this as well.

The professional staff at Goodrich & Watson will evaluate your operation to determine the coverage amounts you need on your building and business personal property (inventory, furniture, equipment, etc.), the deductibles and coinsurance values that suit your risk tolerance, and how the insurance is applied. We’ll also determine the cost to replace your operation should a loss occur and help make sure the building is insured for what it’s worth. In addition, we’ll review coverage amounts needed for:

  • Valuable papers and records
  • Adequate debris removal
  • Increased cost of construction
  • Content and improvement and better amounts
  • Equipment coverage
  • And more

Talk to Goodrich & Watson About Our Insurance Plans and Quality Service

We look forward to speaking with you about your commercial property insurance needs. Please give us a call at 757-591-2032 to find out how we can help protect you today and into the future.