Commercial property insurance
Commercial property insurance pays to repair or replace stolen, lost, or damaged business property. It covers your business’s physical location and other assets like equipment.
Does your small business need commercial property insurance?
If you own or rent an office or workspace, you likely need commercial property insurance, also called business hazard insurance.
Landlords often require proof of commercial property coverage from their business tenants. And lenders typically mandate commercial property insurance for the life of the mortgage.
Though landlords carry property insurance for their buildings, they won’t take responsibility for any expensive business property a tenant keeps in the space.
Even when it’s not required, commercial property insurance is important for any small business that owns property. This coverage insures expensive equipment as well as inventory.
How does commercial property insurance protect your business?
Commercial property insurance covers your business’s real estate and its contents. It helps pay for repair or replacement when business property is lost, damaged, or destroyed.
Your business assets aren’t just expensive – they keep your business running. With commercial property insurance, you’ll be able to afford repairs for necessary equipment after an unexpected event like a fire or a break-in.
Businesses that purchase a policy typically:
- Own or rent a building, store, or office
- Own or rent expensive equipment or tools
- Have products or inventory
- Depend on other valuable business assets
How to get business insurance coverage today
Easily apply online, compare quotes from top carriers in seconds, and get your certificate of insurance the same day.