Commercial property insurance is a vital safeguard for businesses, offering protection against various potential risks. Whether you own a bustling retail store, a busy office building or a spacious warehouse, this type of insurance can help ensure that your physical assets are financially covered. Business owners can achieve peace of mind by securing commercial property insurance, knowing that their investments are financially protected and their operations can continue smoothly even in the face of adversity.

What Is Commercial Property Insurance?

Commercial property insurance serves as a financial safety net for businesses, offering monetary protection for both the building and its contents. It can help secure the financial stability of the building’s critical components and covers business-related equipment, inventory, furniture and other items inside. This insurance is crucial for offering financial coverage against risks like fire, theft and vandalism.

What Does Commercial Property Insurance Cover?

Commercial property insurance typically covers the following:

• Protection for owned or rented buildings used for business purposes against covered losses like fire, burglary and accidents
• Coverage for business-related equipment, such as computers and machinery
• Insurance for tools and equipment stored within the business property
• Replacement of inventory if it is damaged or stolen due to a covered event
• Coverage for business furniture in case of damage or destruction from covered incidents
• Protection for personal property located within the business premises

Does Commercial Property Insurance Cover Theft?

Commercial property insurance typically covers theft on the business premises, including stolen equipment, inventory and other tangible assets. However, it typically excludes stolen cash and theft by employees, the latter of which may require a separate policy like commercial crime insurance.

Learn More

Contact Tanenbaum Harber Insurance Group to discuss commercial property insurance and determine how much coverage your business needs.