For any business owner, physical assets - your building, equipment, inventory, and furniture - are the foundation of daily operations. Commercial property insurance protects these vital assets.
What Commercial Property Insurance Covers
- Building: The structure itself if you own it
- Business Contents: Equipment, inventory, furniture
- Others' Property: Customer property in your care
- Tenant Improvements: Improvements you've made to leased space
Replacement Cost vs Actual Cash Value
Choose between:
- Replacement Cost: Cost to replace with new items (recommended)
- Actual Cash Value: Replacement cost minus depreciation
Climate Change Impact in 2025
Extreme weather events are more frequent and severe, leading to:
- Higher premiums, especially in high-risk areas
- Reduced coverage availability in some regions
- Need for separate flood and earthquake coverage
Average monthly cost in 2025 is approximately $67.