
Smarter Commercial Property Insurance
Save up to 35% on your business property insurance coverage
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Rated 5 stars





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Rated 5 stars
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Save on smarter business insurance for Commercial Property
What is Commercial Property Insurance for Businesses?
Commercial property is business insurance to protect the assets that are owned by the company, such as real estate, equipment, infrastructure, etc. Coverage can extend to leased premises as well, such as if your business had made improvements to a leased physical space. Commercial property insurance is supposed to protect against the wide mix of things that can go wrong to property, such as fire, water, theft, physical damage, or even wind. While commercial property insurance covers the majority of potential damage, a business may require additional special coverage based on its needs, or even its location. For an extra small fee, insurance can specifically cover items like signage, or broken glass, or even damage from natural disasters common to that location.
Who Needs Business Property Insurance?
Anyone who owns, leases, or rents any building, unit, inventory, equipment furniture or installed fixtures would benefit from commercial property insurance. Depending on the needs and assets of your business, you may need to extend the extent of your coverage as well.
Examples of Commercial Property Insurance Claims
Property damage
Fire damage
Burglary

Your business is getting ready to open on a bright and sunny morning when a driver gets too much sun in their eyes and drives right through your storefront. Thankfully no one is injured, but the car has damaged your front window display, merchandise, and the walls and floor around the accident. Commercial property insurance would help cover the damage.
Frequently Asked Questions
Why Should You Get Commercial Property Insurance Coverage?
The costs of property damage to a business can be catastrophic. They can throw off business operations in the case of damaged or lost stock, or can put a business on pause entirely if the physical premises are unusable. Without proper insurance coverage, a business may be forced to cover those costs out of pocket.
What Can Affect the Price of Business Property Insurance?
The price of business property insurance is determined by the nature of the business and its assets, such as if the business owns the space that it occupies, how old that space is, the building materials used in its construction, the square footage, and so on. The price will also vary based on the nature of the business, such as if the operations could commonly lend to a flood or fire, or if there is valuable stock that may be prone to theft, as well as the steps that the business takes to mitigate any of those risks (alarm, cameras, sprinklers etc.).
When Should Businesses Purchase Commercial Property Insurance?
It’s important to purchase commercial property insurance as soon as you start collecting assets that you need to run your business. If your business runs exclusively off of one laptop and a home internet connection, coverage may not be necessary. However the moment that you start amassing equipment, merchandise, infrastructure, or a physical space, coverage becomes key for protecting your investments.
