Commercial Property Insurance

What is Commercial Property Insurance?

Commercial Property Insurance protects your business's physical assets from damage or loss due to fire, theft, vandalism, natural disasters, and other covered perils.

Whether you own or lease your business space, this coverage ensures that your building, equipment, inventory, furniture, and other business property are protected against unexpected events that could disrupt your operations.

From retail stores to manufacturing facilities, property insurance is essential for any business with physical assets to protect.

Buildings & Structures

Coverage for the physical structure of your business location, including walls, roof, and foundation.

Equipment & Machinery

Protection for business equipment, machinery, tools, and specialized apparatus.

Inventory & Stock

Coverage for products, materials, supplies, and goods held for sale or use.

Electronics & Technology

Protection for computers, servers, telecommunications equipment, and technology systems.

Furniture & Fixtures

Coverage for office furniture, shelving, displays, and permanent fixtures.

Outdoor Property

Protection for signs, fences, landscaping, and other outdoor business property.

Fire & Smoke

Damage from fires and smoke

Lightning

Lightning strikes and electrical damage

Wind & Hail

Storm damage and hail impact

Water Damage

Burst pipes and water leaks

Theft & Burglary

Stolen property and break-ins

Vandalism

Malicious damage to property

Vehicle Impact

Damage from vehicle collisions

Explosion

Explosion-related damage

Replacement Cost

Pays to replace damaged property with new items of similar kind and quality, without deduction for depreciation.

• Full replacement value
• No depreciation deduction
• Higher premium

Actual Cash Value

Pays the depreciated value of damaged property, considering age and wear and tear.

• Current market value
• Depreciation applied
• Lower premium

Agreed Value

Pre-agreed amount paid in the event of a total loss, eliminating disputes over property value.

• Predetermined payout
• No coinsurance penalty
• Requires appraisal

What's the difference between building and contents coverage?

Does property insurance cover flood damage?

How much property insurance do I need?

What is business interruption coverage?