Commercial Property Insurance

Protect Your Building and Its Contents, Including Inventory, Furniture, and Equipment

Commercial property insurance is a necessity for any business that owns or rents a physical location, such as an office, warehouse, storage space, restaurant, bar, or retail store. It protects your business from financial loss should your physical assets sustain damages due to an external force such as fire, wind, vandalism, theft, or other unexpected event. Such events can also lead to significant interruptions in your operations. Commercial property insurance is essential in ensuring a prompt recovery from a covered property damage incident, offering the necessary resources when you need them most.

For assistance with your commercial property insurance needs, our team of expert insurance agents is committed to providing you with the right property coverage tailored to your specific needs.

What Does Commercial Property Insurance Cover?

This type of coverage is appropriate for retailers, commercial property landlords, offices, manufacturing facilities, apartment buildings, warehouses, and more. The insurance policy can include different components such as:

• Building coverage – Protects the physical structure of your business
• Business personal property – Covers the contents of the business property, such as inventory, furniture, and equipment
• Business income coverage – Replaces lost income and covers ongoing expenses if your business is temporarily unable to operate due to a covered cause of loss
• Extra expense coverage – Reimburses you for additional expenses incurred to continue operations after a covered loss

The Financial and Operational Risks of Skipping Commercial Property Insurance

Not having commercial property insurance exposes a business to significant financial losses and operational disruptions. Without insurance, a business must cover all repair or replacement costs for damaged property, including buildings, equipment, and inventory, out of pocket. This can lead to substantial financial strain, especially if damage halts operations and results in lost revenue. Lease agreements and loan terms often require insurance, so failing to have coverage can result in legal disputes, eviction, or loan default, further exacerbating financial difficulties.