What Is Commercial Property Insurance?
Commercial property insurance provides financial protection. It protects the physical assets of your business from threats - water damage, fire, theft, vandalism, and more. Commercial property insurance provides financial protection. It protects the physical assets of your business from threats - water damage, fire, theft, vandalism, and more.
Get support to move forward in a time of need. It prevents operations from coming to a halt when the unforeseen happens.
What Does Commercial Property Insurance Cover?
![store front inside large shopping mall]()
Loss or damage to your location can be devastating. Imagine the cost to replace manufacturing machinery, your computers or several months of inventory? Get protection for :
- Physical building : Any damage to your building by an insured peril. This includes landscaping, signage, and other physical structures on your land.
- Contents : All inventory, materials, furniture, supplies, contents within the building.
- Equipment : All tools, equipment, machinery and computer systems.
- Disruption : Get compensation for loss of income if you have to shut down.
- Property in transit : Protection from loss while goods move to and from your location.
What Is Not Covered By Commercial Property Insurance?
The following types of protection are not commonly included :
- Equipment wear and tear
- Loss that cannot be explained
- Deliberate damage to your property
- Cash and securities
- Theft at vacant locations
What Factors Affect Commercial Property Insurance Costs?
Insurers use a variety of factors to assess and set premiums. They include :
- Location
- Age of your property
- Replacement cost
- Coverage options and limits
- Plumbing, electrical and building upgrades
- Theft and fire security systems
- The type of operation
- Value of asset and equipment
- Your insurance history
