Commercial Property Insurance
Buildings, contents, equipment, and business income for the locations your business owns or leases.
Who Needs It
- Building owners
- Tenants with improvements, inventory, or equipment
- Anyone whose revenue stops when the location is damaged
What It Covers
- Building and tenant improvements at replacement cost
- Business personal property: contents, inventory, equipment
- Business income and extra expense
- Equipment breakdown
- Ordinance or law for older buildings
- Wind and hail with a percentage deductible; named-storm terms in Florida
What It Does Not Cover
- Flood (separate policy)
- Earth movement
- Wear, tear, and gradual deterioration
- Cosmetic hail damage on metal roofs where excluded
- Roof settled at ACV where an ACV-roof endorsement applies
- Vacancy beyond 60 days without a permit
Texas Notes
Wind/hail deductible is a percentage of the insured value, commonly 2%–5%, applied per building. Roof-age schedules and cosmetic exclusions decide what a hail claim actually pays. Run the numbers with our deductible calculator.
Florida Notes
Named-storm deductibles of 2%–10% of Coverage A trigger on a named storm and apply per building. Coastal capacity is limited; wind may be placed with a separate carrier from the property policy.
Commercial Property Insurance Questions We Hear Most
Replacement cost or actual cash value?
Replacement cost pays to rebuild at today's prices; ACV subtracts depreciation. Buy replacement cost on the building and insure to value to avoid a coinsurance penalty.
What is coinsurance?
A clause requiring you to insure to a stated percentage (usually 80–90%) of value. Fall short and every partial claim is reduced proportionally, not just total losses.
How much business income do I need?
Enough to cover the time to rebuild plus recover revenue, often 12–18 months after a hurricane. Extended period of indemnity adds recovery time after reopening.
Related Coverage Guides
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Start My Quote All coverage guides →This guide is general education from a licensed independent agency, not legal advice or a promise of coverage. Every policy is governed by its own forms, endorsements, limits, and exclusions. Ask us to review the actual form before you rely on it.