Commercial Property Insurance

Whether you own your freestanding building, lease an office, or work at home, business property insurance protects your business’ physical location and other assets such as equipment.

Keep your business running smoothly with property insurance.

Get a Quote

Did you know?

9

Many landlords often require proof of commercial property coverage from their business tenants.

Help Insure the Future of Your Business

If your business experienced a catastrophic property loss, from a fire or vandalism, could you afford to cover the repair or replacement costs out of pocket?

If not, then you need commercial property insurance, also known as business property insurance. It is one of the smartest investments you can make for your business.

As a business owner, you have invested a lot of time and money into growing your business and you want to be confident that you can recover with as little disruption as possible.

Property insurance can pay for repairs or replacement of stolen, damaged, or destroyed business property.

A commercial business insurance policy covers damage resulting from:

Fire
Burglaries, theft, and vandalism
Storms and wind damage

Property Coverage



Business-owned buildings



Furniture & fixtures



Supplies, equipment & tools



Inventory



Landscaping & fences



Exterior signage



Others’ property

*Add more protection for things such as valuable documents & records by adding an endorsement to your policy.

F.A.Q

Get a quote

9

Commercial property insurance protects the inventory of retailers and other stores.

What is commercial property insurance?

Commercial property insurance is a kind of insurance that protects your commercial building and your business assets in the case of damage or loss. It covers the replacement cost of the building, equipment, and inventory.

It can also pay for other things like debris removal, loss of income, and pollution cleanup as part of a covered loss.

Who needs business property insurance?

It’s beneficial for anyone that owns commercial buildings, equipment, inventory, tools, or any other business property.

Consider purchasing property insurance coverage if your business:

Owns a commercial office or building.
Rents a commercial office or building.
Has valuable property (furniture, machinery, computers, equipment, or tools).
Keeps inventory or works-in-progress.
Handles property that belongs to others.

How can business proper insurance help your business?

Here are some situations where a commercial property insurance policy can protect your business:

Your pipe bursts destroying inventory. You’re a grocery store owner and a pipe burst in the store ruining thousands of dollars in inventory. A commercial property insurance policy will help cover the replacement costs of destroyed inventory.

Expensive items stolen from business. A thief breaks into your computer repair business and steals over $150,000 in computers and electronics. With a property insurance policy, you would likely have help covering the costs to replace the stolen items.

How much does commercial property insurance cost?

There are several factors that go into determining the cost of your property insurance, including:

Value of the property being covered.
Location of your business.
Occupants of the building.
Coverage limits and deductible you select.

*Consider combining your general liability coverage with your commercial property in the form of a business owner’s policy (BOP).

What does property insurance not cover?

While property insurance can provide coverage for much of your business property, there are a few exclusions included in standard policies such as:

Normal wear and tear
Damage from earthquakes or flooding
Employee theft
Goods in transit
Damage caused by short circuits, power surges, or loss of pressure
Damaged customer property
Malfunctioning equipment
Some kinds of property – vehicles, building foundations, crops, animals, data, etc.
Endorsements or separate policies can be placed to cover most of these standard exclusions