ONE — Nelly Diaz Agency, Insurance Advisors

What it covers

Common commercial property coverages

Commercial property policies can be built around what you own, lease and depend on. Covered causes of loss, limits and deductibles vary, so each part is worth reviewing.

Tap any part and the quote form opens with it already noted.

  • Building

    Helps pay to repair or rebuild a building you own after a covered loss, such as a fire.

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  • Business personal property

    Helps protect equipment, furniture, inventory and supplies, whether you own the building or lease your space.

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  • Tenant improvements

    If you lease, it can cover upgrades you paid for, like built-in shelving, flooring or lighting, depending on the policy.

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  • Business income

    If a covered loss shuts you down for a while, it can help replace lost income and pay continuing expenses.

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  • Equipment breakdown

    Often added to cover sudden mechanical or electrical breakdown of equipment like air conditioning, refrigeration or computers.

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  • Outdoor property

    Can include items like signs, fences and landscaping, often with lower or separate limits.

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Why it matters

Insure for what it would cost to replace

Setting property limits too low can leave you short after a large loss. Many policies also include a coinsurance clause, which can reduce a claim payment if you carry less coverage than the policy requires.

Commercial property policies generally exclude flood, and depending on where your business is located, wind or hail may carry a separate deductible or need separate coverage. We can walk through your policy with you and help you find gaps.

If you lease your space, check your lease to see which property the landlord insures and which property is your responsibility.

Before you insure

Details that help set your coverage

  • Building age and construction
  • Square footage
  • Roof condition
  • Fire alarms and sprinklers
  • Security systems
  • Equipment and inventory values

Often needs separate coverage

  • Flood
  • Earthquake
  • Tools and equipment at job sites
  • Business vehicles
  • Property in transit

Answers

Commercial property questions

Straight answers to common questions. If yours is not here, call or text our agency.

Often yes. A landlord's policy generally covers the building, not your equipment, inventory or the improvements you paid for. Your lease may also require you to carry certain coverage.

Replacement cost generally pays to replace damaged property with similar new property. Actual cash value subtracts depreciation, so the payment is usually lower.

Standard commercial property policies generally exclude flood. Flood coverage is usually purchased separately, so ask our agency about it if flooding is a concern for your location.

Request a quote

Tell us what you need

Your name, a number that reaches you, an email, and a few quick questions about the coverage you pick. Our team reviews it and calls you back.

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What should we quote?
A few questions about business
How many people work there?
How long has it been open?
Is the business insured now?
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Our team reviews your request and follows up.

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Next step

Let’s review your needs to find the coverage that fits you.

Request a quote online, or call or text our agency. If your current policy already fits, we will tell you that too.