Commercial Property Insurance
Protect your building, equipment, inventory, and business assets from fire, theft, vandalism, and natural disasters.
What is Commercial Property Insurance?
Commercial Property Insurance protects your business's physical assets—including buildings, equipment, inventory, furniture, and fixtures—from damage or loss due to covered perils like fire, theft, vandalism, and weather-related events.
Building Coverage
Protects the physical structure you own
Contents Coverage
Covers equipment, inventory, and furnishings
Business Interruption
Covers lost income during repairs
What's Covered
Building & Structure
The physical building, walls, roof, foundation, and permanently attached fixtures and equipment.
Business Personal Property
Equipment, machinery, furniture, computers, inventory, and supplies owned by your business.
Fire & Smoke Damage
Damage caused by fire, lightning strikes, explosions, and smoke.
Theft & Vandalism
Protection against burglary, robbery, and malicious damage to your property.
Weather-Related Damage
Wind, hail, lightning, and storm damage (flood and earthquake typically require separate coverage).
Business Interruption
Covers lost income and operating expenses if your business must close temporarily due to covered damage.
What's NOT Covered
Standard commercial property policies exclude certain perils. You may need additional coverage for:
Who Needs Commercial Property Insurance?
Any business with physical assets should have property insurance, especially:
Building Owners
Own the commercial property
Retail Stores
Inventory and fixtures
Warehouses
Large inventory storage
Manufacturers
Equipment and machinery
Restaurants
Kitchen equipment and furnishings
Office Businesses
Computers and office equipment
Common Scenarios Property Insurance Covers:
- •A fire damages your building and destroys inventory worth $100,000
- •A burst pipe floods your office, damaging computers and furniture
- •Thieves break in and steal expensive equipment and tools
- •A windstorm tears off your roof, exposing your business to rain damage
- •Vandals damage your storefront windows and spray paint your building
Types of Property Coverage
Replacement Cost
Pays to replace damaged property with new items of similar kind and quality, without deducting for depreciation.
✓ RECOMMENDED
Actual Cash Value
Pays the depreciated value of damaged property. Lower premiums but less payout at claim time.
Lower cost option
Named Perils
Covers only specific perils explicitly listed in the policy (fire, theft, wind, etc.).
Limited coverage
All-Risk (Open Perils)
Covers all causes of loss except those specifically excluded. Broader protection than named perils.
✓ BETTER PROTECTION
What Affects Your Premium?
🏢Property Value
Higher property values result in higher premiums to ensure adequate replacement coverage.
📍Location & Risk
Properties in high-crime areas or regions prone to natural disasters cost more to insure.
🏗️Building Age & Construction
Older buildings or those with combustible materials typically have higher premiums.
🔥Fire Protection
Proximity to fire hydrants and fire stations, plus sprinkler systems, can reduce costs.
📋Coverage Type
Replacement cost coverage costs more than actual cash value, but provides better protection.
💰Deductible Amount
Higher deductibles lower your premium but increase your out-of-pocket costs at claim time.
Get Your Property Insurance Quote
Fill out the form below to receive a customized property insurance quote.
Frequently Asked Questions
Do I need property insurance if I lease my building?
Yes! While your landlord's insurance covers the building structure, you need property insurance to protect your business contents, equipment, inventory, and improvements you've made to the space.
Does property insurance cover flood damage?
Standard commercial property policies exclude flood damage. You'll need a separate flood insurance policy through the National Flood Insurance Program (NFIP) or a private carrier.
What is business interruption coverage?
Business interruption (or business income) coverage reimburses you for lost income and ongoing expenses if your business must temporarily close due to covered property damage.
How is my property value determined?
Property value is based on the cost to rebuild or replace your building and contents, not the market value. An insurance appraisal can help determine accurate coverage amounts.