Commercial Property
What's included
What It Covers
Buildings
Helps pay to repair or rebuild a building you own after a covered loss, including permanent fixtures and installed systems.
Equipment & Furniture
Covers business personal property such as machinery, computers, desks and fixtures, whether you own or rent your space.
Inventory & Stock
Helps protect the goods, materials and supplies you keep on hand to sell or produce.
Tenant Improvements
If you rent, can help cover upgrades you paid for, such as built-in shelving, flooring or lighting.
Business Income
Can help replace lost income and pay ongoing expenses like payroll and rent while you recover from a covered loss.
Extra Expense
Helps with reasonable additional costs to keep operating, such as a temporary location or expedited repairs.
Who Needs It
- Business owners who own the building they operate in or lease to others.
- Tenants with valuable equipment, furniture or improvements in a leased space.
- Retailers, wholesalers and distributors that carry inventory.
- Manufacturers, warehouses and workshops with machinery and materials.
Optional Coverages
- Equipment BreakdownHelps cover sudden mechanical or electrical breakdown of boilers, HVAC, refrigeration and other equipment.
- Flood CoverageFlood is typically excluded from commercial property policies and can be added through a separate flood policy.
- Ordinance or LawCan help with added costs to rebuild a damaged building to meet current building codes.
- SpoilageHelps cover perishable goods lost due to a power outage or refrigeration failure.
Working with us
How We Help
- 1
Tell Us What You Need
Share a few details about you, your property or your business. It only takes a few minutes, online or by phone.
- 2
We Shop the Market
As an independent brokerage, we compare options from multiple top-rated carriers to find the right fit.
- 3
Review and Get Covered
We walk you through your options in plain language, answer your questions and help you choose with confidence.
Frequently asked questions
Common Questions
Are flood and earthquake damage covered?
Usually not. Most commercial property policies exclude flood and earthquake, so these risks are typically covered through separate policies or endorsements. If your business is in a flood-prone area, it is worth reviewing these options.
What is the difference between replacement cost and actual cash value?
Replacement cost generally pays to repair or replace damaged property with new property of similar kind and quality. Actual cash value subtracts depreciation, so the amount paid is typically lower. Your policy will state which valuation applies.
I rent my space. Do I need commercial property insurance?
Your landlord's policy typically covers the building, not your equipment, furniture, inventory or improvements. Commercial property coverage, or a Business Owner's Policy, can help protect the property you own inside the space.
How much coverage do I need?
Your limits should reflect what it would cost to rebuild your building and replace your business property today. Many policies include a coinsurance clause, which can reduce a claim payment if you insure for less than a set percentage of the property's value. Our agents can help you estimate values and choose appropriate limits.
Ready to Get Started?
Get a personalized Commercial Property quote or speak with one of our experienced agents.