Buildings
Insure an owned building and permanently installed fixtures based on the policy and valuation selected.
Protection for business assets
Business Property Insurance
Your operation depends on physical assets—from furniture and computers to specialized equipment and inventory. Business property insurance can help protect those assets against covered causes of loss.
Coverage availability, eligibility, and terms vary by carrier and state. A quote request does not bind coverage.
Business personal property
Address furniture, equipment, inventory, and supplies used in day-to-day operations.
Income protection
Consider business income and extra expense coverage for qualifying interruptions after a covered loss.
What business property insurance may cover
Commercial property policies can be structured around the property your business owns, leases, or is responsible for. Covered causes of loss, limits, deductibles, and exclusions vary by policy.
- Owned buildings and attached fixtures
- Furniture, computers, machinery, and equipment
- Inventory, stock, and supplies
- Tenant improvements and betterments
- Certain property temporarily away from the premises, when endorsed
Replacement cost and actual cash value
Valuation affects how a covered claim may be settled. Replacement cost generally focuses on replacing damaged property without deducting for depreciation, while actual cash value generally accounts for depreciation. Policy conditions still apply.
Building a more complete property program
A careful review also considers deductibles, coinsurance, equipment breakdown, flood and earthquake exposure, ordinance or law costs, and business income. Some of these protections require separate coverage or endorsements.
Common questions
Business Property Insurance FAQ
Is business property insurance the same as general liability?
No. Property insurance addresses covered loss to insured property. General liability generally addresses certain third-party bodily injury, property damage, and personal or advertising injury claims.
Does business property insurance cover flood or earthquake damage?
Standard commercial property policies often exclude or limit these perils. Separate coverage or endorsements may be needed.
How much business property coverage do I need?
Limits should reflect current rebuilding costs and the value of equipment, inventory, improvements, and other insured assets—not simply their original purchase price.
Talk through your options