Commercial property
Commercial property insurance for buildings, income, and operations
Insurance for buildings, business property, and income based on accurate values, occupancy, construction, and protection information.
Commercial property insurance can cover buildings, business personal property (equipment, furnishings, and other business-owned property), and income. The actual protection depends on the listed locations and values, valuation method, covered causes of loss, deductibles, and policy changes.
Who this covers
- Commercial building owners
- Office and retail properties
- Real-estate investors
- Eligible operating businesses
- Owners with multiple locations
What underwriters look at
- Building valuation
- Business personal property
- Business income and extra expense (income loss and added costs after a covered loss)
- Ordinance or law (coverage for certain code-upgrade costs after a covered loss)
- Equipment breakdown (coverage for certain mechanical or electrical failures)
- Deductibles and protective safeguards (alarms, sprinklers, or other required protections)
Common questions
What valuation should be used?
Replacement cost generally uses the cost to repair or rebuild without deducting for age; actual cash value generally accounts for depreciation. Agreed value sets a stated valuation basis, while coinsurance may reduce payment when the carried limit is too low. The policy wording controls.
Is flood included?
Flood is often handled separately or by endorsement. Never assume it is included without reviewing the quoted and issued terms.
Start a conversation
Tell us about the property.
Share the details and current coverage you already have. We’ll tell you what else is needed.