Commercial Property Insurance
Protect your business property and assets.
Get comprehensive coverage for your buildings, equipment, inventory, and business personal property against fire, theft, and disasters.
Licensed agents help you understand replacement costs, business interruption, and coverage options for your specific property.
Talk to a business insurance specialist
Licensed agents who understand your industry and get you competitive quotes fast.
Commercial Property Explainer
Everything you need to know about Commercial Property Insurance
Commercial property insurance is fundamental protection for any business that owns or leases physical space, equipment, or inventory—yet many business owners carry inadequate coverage or don't understand the difference between replacement cost and actual cash value. Whether you own your building, rent office space, or operate from a warehouse, understanding how commercial property coverage works helps you recover quickly from disasters instead of facing devastating financial losses.
At its core, commercial property insurance covers three main categories: buildings (if you own them), business personal property (equipment, furniture, inventory, fixtures), and improvements/betterments (upgrades you've made to leased space). Standard policies cover common perils like fire, lightning, windstorm, hail, explosion, vandalism, and theft. Most policies exclude flood and earthquake, which require separate coverage. Business interruption insurance—often included or added to property policies—covers lost income and ongoing expenses when covered damage forces you to close temporarily.
The key to getting the right coverage is choosing appropriate limits and valuation methods. Replacement cost coverage pays to replace damaged property with new items of similar quality—no depreciation. Actual cash value coverage pays the depreciated value, leaving you to cover the difference. Most businesses should carry replacement cost coverage, especially for equipment and inventory. Coinsurance clauses require you to insure property to a certain percentage of its value (typically 80-100%) or face penalties at claim time. Ready to protect your business assets with coverage that actually replaces what you lose?
How it works
From property assessment to coverage in days
Our streamlined process evaluates your property exposure and connects you with carriers who specialize in your property type.
Step 1
Share your property details
Tell us about your building, equipment, inventory, and location so we can assess your property values and risk factors.
10-minute assessment
Step 2
Compare coverage options
Review quotes with clear explanations of replacement cost vs. actual cash value, deductibles, and coverage limits.
Same-day quotes
Step 3
Bind and protect your assets
Get coverage with proper limits, understand your coinsurance requirements, and add business interruption if needed.
Instant certificates
Key decisions
What every property owner should know
Learn how commercial property insurance protects your building, equipment, and inventory from disasters and theft.
Replacement cost vs. ACV
Understand why replacement cost coverage is worth the extra premium—depreciation can leave you tens of thousands short.
Business interruption coverage
See how lost income and ongoing expenses are covered when disasters force you to close temporarily for repairs.
Coinsurance explained
Learn how coinsurance clauses work and why underinsuring your property can reduce your claim payment by thousands.
What's not covered
Understand exclusions for flood, earthquake, and equipment breakdown—and when you need separate policies.
Professional support
Agents who understand property risks
Our network of independent business insurance specialists understands commercial property exposures and works with carriers that cover your property type.
- Agents who understand your property type and valuation needs
- Help meeting landlord, lender, and lease requirements
- Guidance on replacement cost vs. actual cash value
- Support for claims and proper documentation
Need a certificate for your landlord or lender? We'll deliver property coverage fast.
Common questions
Commercial Property FAQs
What's the difference between replacement cost and actual cash value?
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Replacement cost pays to replace damaged property with new items of similar quality—no depreciation deducted. Actual cash value (ACV) pays the depreciated value based on age and condition. For a 5-year-old $50,000 piece of equipment, ACV might pay only $25,000 while replacement cost pays the full $50,000 to buy new.
Do I need commercial property insurance if I rent?
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Yes. Your landlord's insurance covers the building, not your business personal property (equipment, inventory, furniture, fixtures). You also need coverage for improvements you've made to the space. Most commercial leases require tenants to carry property insurance.
What is coinsurance and how does it affect my claims?
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Coinsurance requires you to insure property to a certain percentage of its value (typically 80%). If you insure a $1 million building for only $500,000 (50%), you've met only 62.5% of the 80% requirement. Claims will be reduced proportionally—a $100,000 loss might only pay $62,500.
Is flood damage covered by commercial property insurance?
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No. Standard commercial property policies exclude flood damage. You need separate flood insurance, available through the National Flood Insurance Program (NFIP) or private carriers. If you're in a flood zone or have federally-backed financing, flood coverage may be required.