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Commercial Property Insurance
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What is commercial property insurance?

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Commercial property insurance

This policy can pay to repair or replace business property that is stolen, lost, or damaged. It covers a business’s building and its furniture, supplies, inventory, and equipment.

When do small businesses need property insurance?

Any small business that owns a building, inventory, or equipment could benefit from property insurance. This policy can help repair or replace business property that’s damaged, stolen, or destroyed.

Commercial landlords often require their tenants to have property coverage. Usually, they want you to purchase a policy that covers only your contents in the leased space. Read more about property insurance coverage.

Business owner filling out paperwork after damage to his building.

Businesses that purchase a policy typically:

  • Own an office or building
  • Rent an office or storage space
  • Have valuable items such as computers, tools, or culinary equipment
  • Rely on certain property to run the business

What kind of property insurance do I need?

Commercial property insurance covers your building if you own it along with its contents, also known as business personal property. However, a small business owner might want coverage for other risks as well.

Business owner's policy

Small businesses can combine property protection with coverage for the most common risks of running a business in a business owner's policy (BOP). A BOP bundles commercial property insurance with general liability insurance at a lower rate than purchasing each policy separately.

Business interruption insurance

Business interruption insurance covers a business's normal operating expenses during a forced closure. The closure usually must be related to a property insurance claim, such as a fire or burst pipe.

Inland marine insurance

Inland marine insurance covers movable property. That could include items in the temporary care of your business, such as artwork on display at a cafe. It also covers property that moves from place to place, such as the kitchen in a food truck.

Commercial property insurance costs

Woman calculating costs of insurance.

Several factors affect the cost of property insurance, including:

  • Industry and risk factors
  • Coverage limits
  • Location
  • Property value
View Costs

Learn more about commercial property insurance

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