Discover what commercial property insurance typically covers, from buildings to business personal property, and learn how Cornerstone helps you customize protection with 21 years of expertise.
Commercial property insurance is an essential safeguard for business owners, protecting your physical assets against unexpected loss. While policies vary, and specific coverage depends on your carrier and endorsements, there are common protections that this type of insurance typically provides.
At its core, commercial property insurance usually protects the building your business owns or leases. This includes the walls, roof, and attached fixtures. Coverage often extends to improvements you’ve made to a rented space, but the details depend on your policy.
Most policies also cover business personal property inside your building. This can include:
It’s important to review your limits and endorsements to make sure high-value items are properly insured.
Electronics such as computers, printers, and point-of-sale systems may be covered against risks like theft or certain covered events. However, accidental breakage or power surges are not typically included unless you add a special endorsement.
Features like signs, fencing, and landscaping may be included in your policy or added with an endorsement. Because not all carriers treat these items the same, it’s wise to confirm whether you have adequate protection for outdoor property.
Coverage for natural disasters varies widely. Events like wind or hail are often included, but earthquakes and floods are almost always excluded unless you purchase specific coverage. Reviewing the fine print is key, especially if your business is in a higher-risk area.
Business interruption coverage helps replace lost income if your property is damaged and you can’t operate. However, this protection is not automatically included in standard commercial property insurance. It’s often added as part of a Business Owner’s Policy (BOP), which combines property and liability coverages.
Not everything is automatically covered by commercial property insurance. Common exclusions include:
Knowing these exclusions helps you avoid unpleasant surprises after a claim.
Premiums for commercial property insurance vary depending on factors like your business type, location, age of your building, and security measures in place. Businesses considered higher risk typically pay more. Working with an independent agency can help you compare options and find the best fit for your budget.
Cornerstone is more than just a local agency. As an award-winning independent insurance agency with over 21 years of experience, we combine local expertise with access to top national carriers. This means you get personalized service with the strength of multiple options behind it, helping you find the right protection for your business.
Commercial property insurance is a key foundation of risk management. While it typically covers your building, business personal property, and certain disasters, the specifics depend on your policy and endorsements. To make sure your business is properly protected, partner with an experienced independent agency like Cornerstone.
Ready to review your coverage? Contact Cornerstone today to discuss your commercial property insurance options.
