Commercial Property Insurance Policy
What Is Commercial Property Insurance?
Commercial property insurance covers your business space and its contents if they are damaged by fire, theft, or building collapse. It’s designed to pay for repairs or replacement costs so you can get back to business after a loss — with as minimal interruption as possible!
What Does Commercial Property Insurance Cover?
Commercial property insurance covers common risks small business owners face.
Here’s a quick guide to what’s usually covered vs what isn’t under this coverage:
| Typically Covered | Not Covered |
|---|---|
|
Fire damage |
Flood or earthquake (without add-on) |
|
Theft or vandalism |
Normal wear and tear |
|
Building collapse |
Pest damage |
|
Smoke damage |
Business vehicles |
|
Replacement of permanently installed equipment |
Employee theft (needs other coverage or surety bonding) |
Commercial Property Insurance vs General Liability: What’s the Difference?
Commercial property insurance covers you — if something bad happens to your business building, it helps restore it to its former glory. General liability insurance covers others, kicking in if your business accidentally causes harm to a third party.
Do I Need Commercial Property Insurance?
Yes, you need commercial property insurance. This essential coverage safeguards the space you work in and the equipment you rely on, so you can focus on growing your small business.
You need this coverage if you:
- Own or lease a building for business
- Have installed equipment, furniture, or decor that would be costly to replace
- Need income protection if a covered loss forces you to close temporarily (add-on coverage)
Get tailored coverage by selecting your industry below.