Commercial Property Insurance covers damage to the physical structure or the contents of your business against fire, theft and other dangers.

In most cases Commercial Property Insurance covers:

  • Buildings you own or lease (permanent machinery, equipment and fixtures)
  • Business property at the location (non-permanent fixtures, machinery, equipment, computers, and inventory).
  • Personal property of others (in your business’ custody or care).

There are many different types of Commercial Property Insurance coverage, and businesses can usually choose which causes of loss to cover. They can choose to cover specified events  (like fires, explosions, wind, vandalism, etc.) or it can be more general  (all losses unless specifically excluded). As it is more comprehensive, general  tends to be the more expensive option.