Small and large businesses alike have much to handle every day however emergencies can arise, taking daily operation
off course. This is why it’s important for companies to have commercial property insurance to protect the structure
of their work base. 

What types of damages are covered under the commercial property insurance policy?

Commercial property coverage offers financial protection from: 

• Theft.
• Hail.
• Wind.
• Vandalism. 
• Fire. 
• Lightning strikes.
• And more. 

Items insured include the building structure, work supplies, inventory and building attachments. For example, a fire
may break out at a used tire shop, destroying inventory. The business owners can be financially compensated with
replacement cost of supplies, and they can also receive lost income compensation. 

What is excluded from commercial property insurance?

Typically, auto accidents in company vehicles are covered by commercial auto insurance instead of commercial property
insurance. Flood damage is not secured under standard commercial property insurance coverage, instead, a separate
policy for flood coverage would need to be purchased to cover water damages. 

How much does commercial property insurance cost?

On average, commercial property insurance is about $800 a year. Business location, materials used for construction,
industry type and more can affect policy cost. 

Who needs commercial property insurance?

Having commercial insurance is essential for company owners to protect their business. Business owners who have an
office space, storage units, inventory or office supplies may need insurance to financially protect themselves from
perils. 

 As a business owner, expenses can seem to come from everywhere, however, investing in commercial property
insurance is well worth the cost as it provides financial security for your company.