Commercial Property Insurance

Commercial Property Insurance is a type of business insurance that covers physical assets owned or leased by a company. It provides protection against loss or damage caused by events such as fire, theft, vandalism, and certain weather-related incidents. This coverage is essential for businesses that rely on buildings, equipment, inventory, or other physical property to operate.

Commercial Property Insurance can be customized for nearly any industry, from retail shops and restaurants to manufacturing facilities and office buildings. A detailed risk assessment by a licensed insurance agent helps ensure proper coverage limits and that all valuable assets are protected.

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Key Coverages in Commercial Property Insurance:

Building Coverage

Covers the physical structure of your business property, including walls, roof, floors, and permanently installed fixtures like HVAC systems or built-in shelving.

Business Personal Property (BPP)

Covers movable items and contents within the building such as furniture, office equipment, computers, tools, and inventory.

Tenant Improvements and Betterments

Covers upgrades or customizations a tenant makes to a rented space, such as installed partitions, flooring, or lighting

Equipment and Machinery

Covers business-critical machinery or production equipment against damage from covered perils

Inventory Coverage

Protects raw materials, finished goods, and products for sale from loss or damage.

Outdoor Property

May include coverage for signage, landscaping, fences, and satellite dishes. This coverage often has sub-limits.

Business Income / Interruption Insurance

Compensates for lost income and ongoing expenses (like rent and payroll) when a covered loss forces the business to shut down temporarily.

Extra Expense Coverage

Covers additional costs incurred to resume operations after a covered loss, such as renting temporary equipment or relocation expenses.

Debris Removal

Pays for the cost to remove debris after a covered loss, such as a fire or windstorm.

Spoilage Coverage

Protects against loss of perishable goods due to equipment failure or power outage.

Ordinance or Law Coverage

Pays for increased costs of rebuilding or repairing property to comply with current building codes or laws, especially after a partial loss.