Property & Casualty — Commercial
Commercial Property Insurance
Protect the physical assets your business depends on every day.
Commercial property insurance covers your business's physical assets — buildings, equipment, inventory, furniture, and more — against fire, theft, vandalism, and a range of other covered perils. Whether you own your building or lease your space, we can structure coverage that keeps your business running after a loss.
What's Covered
- Buildings and structures you own or are responsible for
- Business personal property — furniture, equipment, and inventory
- Loss of income and extra expense while your business recovers
- Equipment breakdown — mechanical and electrical failures
- Signs, outdoor fixtures, and property in transit
- Tenant's improvements and betterments for leased spaces
Why It Matters
A fire, burst pipe, or burglary can shut down a business for days — or permanently. Commercial property coverage not only pays to repair or replace what's lost, but business interruption coverage included in most policies replaces the income you lose while you're getting back on your feet.
Common Questions
Should I insure my building at replacement cost or actual cash value?
We always recommend replacement cost coverage. Actual cash value deducts for depreciation — meaning older buildings and equipment are significantly undervalued at claim time, leaving you to cover the difference.
What perils are excluded from a standard commercial property policy?
Standard policies typically exclude flood, earthquake, equipment breakdown (though this can be added), and certain acts of nature. We review your location and exposures to identify gaps and recommend appropriate endorsements.
Does commercial property cover my customers' property?
Customers' property in your care, custody, or control may be covered under a bailee's endorsement or your general liability policy. We'll identify the right approach for your specific operations.
Ready to get covered?
Talk to one of our advisors about the right policy for your situation. No pressure, no jargon — just honest guidance.