Coverage that protects your assets.
Commercial property insurance personalized for your business.
Commercial property insurance protects your assets in the event that they are stolen, damaged, or destroyed in a fire or natural disaster. We’ll partner with you to design insurance coverage that will protect your company’s property.
Is your business prepared for the worst?
Fire, flooding, theft, or accidental damage are unfortunate incidents that could not only damage or destroy your property but could also devastate your business. Whether it’s buildings, commercial vehicles, or equipment, losing these assets would be a potentially critical setback for your business.
Replaces lost or damaged property.
A commercial property insurance policy can protect against the cost of replacing lost or damaged property. Additionally, commercial property insurance can cover any associated losses–such as lost income–that are caused because part or all of your business is temporarily knocked out of action.
Policies can cover additional, unexpected costs.
It’s worth exploring the options available to you with a business property insurance policy, as they may cover risks you hadn’t thought of. For example, some policies protect against the additional costs you face if rebuilding a damaged business facility means no longer being exempt from local building codes. Other points to check include whether a policy covers the cost of removing debris before reconstruction begins, as well as whether the business property is covered against weather event damage while being rebuilt.
Commercial property insurance is a great way to ensure that your business’ location and assets, as well as your income, are protected. Have questions? We’re happy to help!
Commercial Property Insurance FAQ
What is the difference between commercial property insurance and a business owner's policy?
Commercial property insurance is a standalone policy that protects your business’s physical assets, while a business owner’s policy, or BOP, typically bundles commercial property coverage together with general liability insurance into one convenient policy. A BOP may be a good fit if you’re looking to protect both your property and your liability under one policy, while a standalone commercial property policy may be better suited for businesses with more complex property needs.
What is the difference between replacement cost and actual cash value coverage?
Replacement cost coverage pays to replace damaged property with new property of a similar kind and quality, without factoring in depreciation. Actual cash value coverage pays the depreciated value of the property at the time of the loss, which may be significantly less than what it costs to replace. The right choice depends on your business’s situation, so it’s worth reviewing your options with a licensed agent.
Does commercial property insurance cover lost income?
Commercial property policies may include business interruption coverage, which can help replace lost income when part or all of your business is temporarily unable to operate due to a covered loss. Waiting periods and how income loss is calculated vary, so it’s worth reviewing the specifics with your agent.
Does commercial property insurance cover flood damage?
A standard commercial property insurance policy does not cover flood damage and must be purchased as a separate policy through the National Flood Insurance Program (NFIP) or a private insurer. Speak with your agent to determine whether you need flood coverage to ensure your property is properly protected.
Get Started Today
As an independent agency, we are here to help you find the right Commercial Property Insurance coverage.
Get a Quote
Commercial Property Insurance Quote Request
As an independent agency, we are here to help you find the right coverage.
Get a Quote
It only takes a minute to get started.
- Fill out the form, we’ll be in touch.
- Review options with an agent.
- Get the coverage you need.
