Business Insurance
Commercial Property
Protection for the buildings, equipment, and contents your business depends on.
Coverage overview
Commercial property coverage generally protects buildings, business personal property, equipment, inventory, and improvements from covered causes of loss. The policy form (basic, broad, or special) determines which causes are covered.
It can be purchased on its own or as part of a Business Owners Policy for eligible businesses.
Who may need this coverage
- Businesses that own or lease a building or space
- Companies with equipment, inventory, or furnishings
- Tenants responsible for improvements and betterments
- Businesses wanting income protection after property loss
Common coverage considerations
- Coverage form (basic, broad, or special causes of loss)
- Replacement cost vs. actual cash value valuation
- Building, business personal property, and improvements limits
- Business income and extra expense coordination
- Endorsements such as ordinance or law and equipment breakdown
What may not be covered
- Flood and earthquake without separate or endorsed coverage
- Wear, deterioration, and maintenance
- Employee injuries and auto exposures (separate policies)
- Causes of loss excluded by the chosen form
Factors that may affect price or eligibility
- Building construction, age, and protective systems
- Property values and valuation basis
- Location and exposure to certain perils
- Coverage form, limits, and deductibles
Information commonly needed for a quote
- The property address and construction details
- Values for building, equipment, and inventory
- Whether you own or lease the space
- Any current coverage and claims history
A practical example
A burst pipe damages a store's inventory and fixtures. Depending on the coverage form and limits, commercial property coverage may help repair or replace the covered property, and business income coverage — if carried — may help while the store is closed for repairs.
Questions to ask a licensed professional
- Which causes-of-loss form is right for my business?
- Is my property insured at replacement cost?
- Should I add ordinance or law or equipment breakdown?
- How does business income coverage coordinate with this?
Frequently asked questions
This page is a general educational summary and does not change, replace, or create insurance coverage. Coverage terms, conditions, limits, exclusions, eligibility, and availability vary by policy, carrier, state, and underwriting requirements. Coverage is not effective unless confirmed in writing by an authorized insurance carrier or properly licensed insurance professional.
Let's Protect What Matters to You.
Tell us what you need to protect, and a licensed insurance professional can help you explore available options.