Small Commercial Property
Aspera offers Commercial Property coverage up to $2,500,000 in TIV for a wide variety of small and mid-sized companies. Aspera can offer property solutions for occupancies including cannabis, daycare facilities, offices, vacant buildings, and many more.
Coverage options for All Risk and Single Peril coverages on a ground-up basis.
With deductibles as low as $500, Aspera makes the hard-to-insure easy to please!
Target Classes for Small Commercial Property coverage
- Cannabis-related industries:
- CBD/Hemp
- Dispensaries
- Extraction
- Grow
- LRO
- Laboratories
- Consultants
- Daycares
- Entertainment & media services
- LRO commercial/industrial
- Light manufacturing
- Miscellaneous service industries
- Offices
- Salons
- Small healthcare facilities (non-habitational)
- Small retail
- Vacant buildings
Excluded Classes
- Agriculture growing crops
- BPP for home offices
- Foundries
- Manufactured housing and RV parks
- Oil & gas and ocean marine
- Paper mills
- Petrochemical
- Plastic manufacturers and recycling operations
- Radio, television, and cell towers
- Rolling stock
- Tire retreading
- Timber
- Welder’s shops
Policy Structure
Policies are written through a non-admitted carrier with a Financial Strength Rating of A (Excellent) by A.M. Best
- Capacity to $2,500,000 TIV
- Deductibles starting at $500 (Note: no deductible buy-backs)
- Minimum premiums
- $1,000 — All classes except Cannabis
- $2,500 — Cannabis related industries
- Wind
- No CAT wind within 25 miles of coastal water
Availability
You can get General Casualty Coverage from us in these states:
- California [Lic. 0K86725]
- Colorado
- Florida
- Maine
- Michigan
- Oregon
- Texas
- Virginia
- Washington
Company Highlights
Here are a few services you can expect when working with us:
- Quick response time – receive a quote within hours
- 12.5% commission on new and renewal commercial accounts
- 24-hour policy issuance
- Policies written through a non-admitted carrier with a financial strength rating of A (Excellent) by A.M. Best
Submission Requirements
- Effective date
- Description of occupancy(s), protection
- Requested coverage and perils, including a Statement of Values or Acord 140
- Five-year loss summary